I Inherited An IRA From My Dad - How Does That Affect My Taxes? Q: I inherited an IRA from my dad worth roughly $232,000. I’m 65, and receive Social Security. Can you tell me what effect this will have on my taxes? W ...
Category: Issues
Benefit Bulletin: July 2016
Family Caregivers Need Credit At age 62, Susan Gross of Barboursville, Virginia, is nearing retirement age, but has no plans to stop working yet. High prescription costs and the need to provide care for a disabled adu ...
What Was The Fastest Growing Retiree Cost In 2015? Hint: Not Prescriptions!
Older Americans are going without a cost-of-living adjustment (COLA) in 2016 due to lower inflation last year, but lower inflation didn’t translate into lower household expenses for retirees in 2015. In fact, nearly 1,20 ...
99% of Older Voters Not Happy About Secret Social Security Cuts
What do older voters think about the back-door debt limit deal tactics of using Social Security cuts in exchange for lifting the debt limit? The single biggest government account holding federal debt is the Social Secur ...
Social Security Recipients Need Better Benefit Boost
(Washington, DC) –A majority of older voters think Social Security should be strengthened, but are opposed to cutting benefits, says a national survey by The Senior Citizens League (TSCL). The new national survey found t ...
SCOTUS Rules: How The Ruling Affects the Strength of Social Security
(Washington, DC) – The U.S. Supreme Court decision on immigration has significant consequences for Social Security and Medicare, says a recent report by The Senior Citizens League (TSCL). “President Obama’s executive act ...
Time To Close The Social Security Tax Loophole?
Congress recently enacted legislation that ended two so-called Social Security benefit “loopholes” — known as “file and suspend” and “restricted application.” Details about the changes, which affect some married couples ...
Strengthen Social Security – Close The Social Security Tax Loophole?
Congress recently enacted legislation that ended two so-called Social Security benefit “loopholes” — known as “file and suspend” and “restricted application.” Details about the changes, which affect some married couples ...
Medicare Proposes Tying Drug Costs to Effectiveness
The Centers for Medicare and Medicaid Services (CMS) recently announced plans to test new ways to rein in costs of some of the nation’s most expensive drugs, like cancer and rheumatoid arthritis treatments, that are admi ...
Supreme Court Decision Expected On Obama Immigration Plan
Mary Johnson, Editor The upcoming Supreme Court decision on President Obama’s immigration action could have significant consequences for Social Security and Medicare. The president’s immigration policy changes would ...