Why Are My Social Security Benefits Taxed? This Is Double Taxation! Q: I’m a divorced retiree and I file taxes as a single household. Can you tell me why my benefits are taxed and how the income threshold that subject ...
Category: Issues
70% Of Older Voters Think Social Security Payroll Tax Should Apply To All Earnings
(Washington, DC) – Seventy percent of older Americans think Social Security’s solvency can be improved by scrapping the Social Security taxable wage limit of $118,500, according to a survey by The Senior Citizens League ...
Ask the Advisor: February/March 2016
Q: I turned 65 in February 2015, and started Medicare last year. Prior to getting Medicare I received my healthcare through my employer. Can you tell me if Medicare Part B and Medicare Advantage premiums are a deductible ...
Q & A: February/March 2016
Will Social Security Changes Affect Our Plans? Q: My husband and I are both 65 and won’t turn 66 until later in 2016. I’m entitled to a monthly benefit of $810 at 66, and my husband a benefit of about $2,300. He origi ...
Drug Pricing Abuse Comes Under New Scrutiny
The drug industry’s secretive pricing practices are coming under increasing scrutiny in Congress. According to a recent poll, the public thinks making sure that high-cost drugs for chronic conditions are affordable to th ...
Benefit Bulletin: February/March 2016
Can We Trust Congress After Surprise Social Security Cuts? Last October’s debt deal contained surprise Social Security changes that will cost some Baby Boomer couples tens of thousands in anticipated Social Security i ...
Could We Have Another Year Without A COLA? Maybe.
By Mary Johnson, Editor After receiving no annual cost-of-living adjustment (COLA) this year, many people who depend on Social Security are experiencing greater difficulties affording rising Medicare and other rising ...
It’s NOT Too Late For An Emergency COLA
Two months into the New Year, seniors, veterans, and other retirees still haven’t received any cost-of-living adjustment (COLA) for 2016. For the third time in only 7 years, more than 70 million people are going without ...
Retirees Worry Over Spiking Drug Costs, Says The Senior Citizens League
(Washington, DC) – Anxiety of older Americans over steep cost increases of prescription drugs is at the highest level since the start of Medicare Part D a decade ago, according to The Senior Citizens League (TSCL). Since ...
Time To Pass An Emergency COLA
(Washington, DC) – Although Social Security recipients didn’t receive an annual cost – of – living adjustment (COLA) this year, many are reporting that their costs are rising, and household budgets are getting squeezed, ...
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