Edward Cates, Chairman of the Board, TSCL Poverty has increased among Americans aged 65 and up. According to the most recent U.S. Census Bureau data, it grew from 8.9% in 2020 to 10.3% in 2021. TSCL was concerned to l ...
Author Archives: georgette
Cost of Living Adjustment For 2024 Likely To Be 3%
By Mary Johnson, editor Inflation is now at its lowest point in the past year. I’m overjoyed to see the price of eggs come down, although we still haven’t gotten back to $1.20 per dozen yet. One long-time neighbor of ...
Ask The Advisor: July/August 2023
Q: How would cost of living adjustments be affected if Congress used the Consumer Price Index for the Elderly instead of the one currently used? A: One of TSCL’s top legislative priorities is to work with Congress to ...
Medicare Costs Can Take Surprising Portion of Household Budget
Many new Medicare beneficiaries are surprised by the amount of household spending that gets gobbled up by Medicare premiums, out-of-pocket costs, and uncovered care. Those healthcare costs tend to be among the fastest - ...
The Law That Would Prohibit Payment of Your Full Social Security Benefits.
The Social Security Trust Funds are estimated to have enough revenue to pay scheduled benefits on time and in full for the next ten years. Yet apprehension over the potential for a national debt default and the potential ...
Get Your Retirement Back on Track
Veteran financial journalist Mark Miller’s new book, Retirement Reboot: Commonsense Financial Strategies for Getting Back on Track, serves as a guide for the millions of Americans who aren’t financially prepared for ...
This is not a paid advertisement: 23% Of TSCL Survey Participants Use GoodRx Coupons, And So Do I
By Mary Johnson, Editor One out of four Medicare beneficiaries have discovered the value of using GoodRx coupons as a backup to Medicare drug coverage, according to a surprise finding in TSCL’s 2023 Senior Survey, and ...
Is Dental Insurance Worth the Cost?
Dental care is one of the fastest-growing retiree costs, growing by more than 16% through 2021. Unfortunately, Medicare doesn’t pay for most dental services, and it’s no coincidence that over half of all older adults in ...
Five Things You May Not Know About Taxes After Retirement
Older adults are often surprised by tax traps in retirement. Here are five things you should know about taxes that can help you plan better: Your tax rates aren’t always lower. One of the most common misconceptions ...
Healthcare Costs: Two Ways to Get Paid As A Family Caregiver
Medicare doesn’t cover most in-home caregiving expenses, which can be prohibitively expensive over the long term. As a result, it’s very common for family and adult children or close friends to serve as unpaid caregivers ...