By Mary Johnson, editor Now that the Social Security Administration has confirmed that Social Security benefits will increase by 5.9% in January of 2022, what’s next? Several factors play an important role in determi ...
Buying Power of Social Security Benefits Plummets in 2021
Soaring inflation has deeply weakened the purchasing power of Social Security benefits in 2021, according to TSCL’s latest update on rising senior costs. The study, which compares the growth in the Social Security cost- ...
Social Security Benefits to Increase 5.9% for 2022
Social Security recipients will receive a 5.9 % cost-of-living adjustment (COLA) effective January 2022 — the highest in 40 years. The high COLA comes as more than 62 million retired and disabled Americans have spent mu ...
Frequently Asked Questions (FAQ): September 2021
How Does TSCL Project the Social Security COLA? Q: I would like to know how, at this point, you project a Social Security COLA at 6.1%. Inflation would have to continue on an upward path through September for that to ...
Q & A: September 2021
Why Does My Doctor’s Office Need to Call My Insurer Before Scheduling a CT Scan? Q: My pulmonologist ordered a CT scan, but the person scheduling appointments said they first had to check my insurance. Is this correc ...
Ask the Advisor: September 2021
Could the Social Security COLA Be More Fairly Adjusted to Provide a Fixed Annual Dollar Amount? Q: Could the annual Social Security cost-of-living adjustment be more fairly adjusted to provide a fixed annual dollar a ...
Benefit Bulletin: September 2021
Most Look Forward to Boost; Low-Income Retirees Worry Benefits Could be Trimmed By Rick Delaney, Chairman of the Board We have been hearing from hundreds of you who are watching the inflation numbers and eagerly lo ...
Congressional Inaction Could Mean Lower Benefits for People Born in 1960
High unemployment during the COVID pandemic of 2020 could cause an estimated 4 million people who were born in 1960 to face permanent reductions to their Social Security benefits, due to a flawed feature of the Social Se ...
Alzheimer’s Drug Could Increase Part B Premiums for Everyone
A newly approved drug to slow the progression of Alzheimer’s disease is drawing criticism for it’s $56,000 price tag, especially given its lack of proven effectiveness. Aduhelm stirred controversy when the Food and Drug ...
COLA Estimated to Be 6% to 6.1% For 2022
By Mary Johnson, editor The Social Security cost-of-living adjustment (COLA) for next year is likely to be the highest seen by retirees since 1982. Based on the most recent CPI data through August, I estimate that th ...
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