By Mary Johnson, editor Social Security’s annual cost-of-living adjustment (COLA) is provided to help people maintain the buying power of their Social Security benefits as prices go up. Since the COLA was only 0.3% th ...
Category: Issues
Ask The Advisor: June 2017
Is Congress Doing Anything At All To Address Prescription Drug Prices? Q: I was relieved when the vote to repeal and replace Obamacare failed. Could you tell me if the bill contained any provisions to lower drug costs ...
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 released today by The Senior Citizens Leagu ...
$210 Billion COLA Cut Proposed To Pay For Trump’s Border Wall
Who will pay for President Trump’s border wall with Mexico? It’s looking increasingly unlikely that it will be Mexico, and that the money may instead come out of the Social Security benefits of older Americans. The Presi ...
Will Trump Flip Flop On Social Security?
By Mary Johnson, editor One of the biggest decisions President Trump will make in coming weeks is whether to sign legislation that would overhaul Social Security, Medicare and Medicaid. On the campaign trail Trump rep ...
Benefit Bulletin: May 2017
Boosting Social Security May Boost Cognitive Function A severe decline in cognition is often an early warning signal of Alzheimer’s disease and dementia. Loss of cognitive function can seriously impair one’s ability t ...
Q & A: May 2017
Q: I work in human resources. The maximum amount of earnings that are taxable for Social Security shot up in 2017 after staying the same amount for two years in a row. When the change went into effect in January I was q ...
Household Spending Up – Social Security Benefits Flat
(Washington, DC) – Older Americans report that their household budgets jumped substantially last year despite the lack of growth in their Social Security benefits, according to a new survey by The Senior Citizens Leag ...
Which Is It? A Social Security Deficit, or Money Owed To The Social Security Trust Fund?
A common debate is re-emerging this year over Social Security’s “deficit, ” as the federal borrowing limit looms. The debt limit, which was suspended since late 2015, was re-instated on March 16th. That debt limit sets ...
Retiree Testifies Costs For One Drug Went From $700 To $10,000
Sudden price spikes in older drugs are putting patients at risk of going without vital medicine. A new report by the U.S. Senate Special Committee on Aging uncovered an insidious business model that’s leading to monopol ...
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