By Mary Johnson, editor Over the next decade, the amount of payroll taxes flowing into Social Security is expected to drop, but not for the reason that most people think — because Baby Boomers are retiring. To the c ...
Category: Issues
How Much of Your Social Security Will You Spend on Medicare Costs?
Medicare Trustees recently said that in 2017, Medicare Part B and Part D premiums and out-of-pocket costs would take about one-fourth of the average Social Security benefits. A recent survey by TSCL indicates that a subs ...
Social Security Announces 2% COLA
Social Security recipients will receive the highest cost-of-living adjustment (COLA) in 5 years, effective January 1st. The Social Security Administration recently announced a COLA of 2%. While the boost is critically ne ...
2018 Cost of Living Adjustment (COLA) Announced
(Washington, DC) – The Social Security Administration has announced that the annual cost-of-living adjustment (COLA) will increase benefits by 2.0 percent for 2018. While the increase is the highest in five years, it won ...
Social Security Benefits Lose 30% of Buying Power Since 2000
(Washington, DC) – Social Security beneficiaries have lost nearly one – third of their buying power since 2000, according to the 2017 Social Security Loss of Buying Power Study by The Senior Citizens League (TSCL). The ...
2018 Cost of Living (COLA) Projection
(Washington, DC) – Social Security recipients can look forward to receiving an annual cost – of – living adjustment (COLA) of about 1.8 percent in 2018, according to an estimate released today by The Senior Citizens Leag ...
Q & A: September/October 2017
Q: When my husband passed away several years ago in 2013, I wasn’t working. I claimed a Social Security widow’s benefit based on his account that year at the age 62, receiving $1,420 per month. When I started my benefit ...
Benefit Bulletin: September/October 2017
What Your Member Of Congress Might Try To Tell You About The COLA Don’t be surprised if you hear your Member of Congress say that the Social Security cost–of–living adjustment (COLA) is too high — and that you are ov ...
Fraud And Abuse Are Costing Medicare — (And You Too!)
The federal government made more than $16 billion in erroneous payments to Medicare Advantage health plans last year. The U.S. Government Accountability Office (GAO) recently testified that nearly 10% of payments to Medi ...
Social Security Forecast: 1.8%-2% COLA
Social Security recipients can expect a cost–of–living adjustment (COLA) of about 1.8%-2% starting in January, according to a new TSCL estimate. That continues a trend of extremely low COLA growth over the past five year ...
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