Most working people pay Social Security taxes on every dollar earned and many pay more in Social Security taxes than in federal income taxes. Yet nearly one out of five workers — some 18% — pay no Social Security taxes ...
Author Archives: georgette
How Tax Reform Affects People 65 And Over For 2017 Tax Season
Tax legislation enacted at the end of last year makes significant changes that touch virtually all taxpayers. While most of the new provisions have consequences for the 2018 tax year and thereafter, there are at least a ...
Congressional Leaders Call For Cuts to Social Security, Medicare and Medicaid
Shortly before passing tax reform into law, Republicans announced plans to go after “entitlement spending” in 2018 to reduce the federal debt. Passage of the tax bill is estimated to increase the federal deficit by $1.5 ...
How A Provision of Tax Reform Increases Chances of Lower COLAs
By Mary Johnson, editor The main source of funding for Social Security comes from the payroll taxes that workers pay into the program. But there are two other sources of revenues: taxes that retirees pay on their Soc ...
Benefit Bulletin: Complexity Means You May Be Missing Out On Benefits
Complexity Means You May Be Missing Out On Benefits The enormous complexity of our healthcare system is making people sicker and costing consumers more out-of-pocket than it otherwise should. When private health plan ...
Legislative Update: Congress Misses Opportunity To Strengthen Social Security Funding
Congress Misses Opportunity To Strengthen Social Security Funding By Jessie Gibbons, Legislative Director Lawmakers in the House and Senate wrote and passed sweeping legislation to overhaul the entire tax code in j ...
Congressional Corner: Fixing COLAs & Protecting Seniors Against Rising Healthcare Costs
By Representative Donald Norcross (NJ-01) As you may have heard, Social Security recipients received a cost-of-living increase this year. This is good news for seniors, but it’s not good enough. Our seniors worked ...
Best Ways To Save: The High Cost Of Not Taking Your Prescriptions
The High Cost Of Not Taking Your Prescriptions As many as 30% of new prescriptions are never filled, and medication isn’t taken by patients as prescribed, about half of the time. The problem is so common ...
Ask The Advisor: What Did My Member of Congress Mean By That?
What Did My Member of Congress Mean By That? Q: What does it mean when a Member of Congress says he favors changing Medicare from a “fee-for-service” model to one where the patients would pay based on health outcomes ...
Q & A: What is our best retirement age option?
Q: In 2018, I will turn 62 and my spouse will turn 66. What is our best retirement age option? My husband had higher earnings throughout his career than I did, and funded a 401(k) through his employer. I have a tradi ...
Close