12 Ways Seniors Would Get Less, Pay More Efforts are quietly underway to lay the groundwork for a far-reaching fiscal deal that involves Social Security cost-of-living adjustments (COLAs) and Medicare benefits. White ...
Author Archives: georgette
Senior Survey: Monthly Benefits Rose Less Than $39, Expenses Rose More Than $119
Mary Johnson, Editor Ninety-seven percent of seniors say that their monthly Social Security benefits rose by less than $39 in 2013, but only 11% say their monthly expenses rose by less than that. According to TSCL's n ...
What Seniors Think About Proposals To “Fix” Medicare
TSCL Releases Results of 2013 Senior Survey Medicare spending in 2013 accounts for 16% of the federal budget. That spending is projected to almost double as a share of the nation’s economy in coming years, according t ...
Benefit Bulletin: June 2013
What Caused The Social Security Notch? The Social Security Notch is the unexpectedly steep drop in benefits that affects people born from 1917 through 1926. This generation of seniors receives lower benefits than othe ...
Legislative Update: June 2013
Social Security's Solvency Can Be Improved Without Cutting Benefits By Jessie Gibbons, Legislative Assistant Since its inception in 1937, Social Security has been financed by a dedicated payroll tax on all earnings ...
Public Opinion Can Sway Votes In Congress!
Plan For Taxes on Your Social Security Benefits Two out of three seniors said they paid taxes on their Social Security benefits during the 2013 tax season that ended April 15th, according to a recent TSCL poll. And t ...
Best Ways To Save: June 2013
How Credit Cards Are Sold Online – Including Mine By Mary Johnson, Editor Your credit card may have been stolen and sold and you don't even know it – at least, not yet. Chances are you won't learn about ...
Congressional Corner: The Promise Behind Medicare
By Representative Tim Bishop (NY-1) Social Security has been the bedrock of retirement security for America's seniors since the program was signed into law by President Franklin Roosevelt in 1935. With the creation of ...
Ask the Advisor: June 2013
How Would Higher Medicare Costs Affect My Retirement Budget? Q: I retired seven years ago at age 65 when I started Social Security and Medicare. I have difficulty budgeting my healthcare costs. I never seem to learn w ...
Social Security & Medicare Questions: Prescription Drugs Going Generic
Q: My brand name drug is supposed to go generic this year. Will my drug plan cover the generic and if so will I be notified? A: Sixteen major brand name drugs are going generic this year and another 25 are in the gene ...