83% Think Income Thresholds That Subject Social Security Benefits To Taxation Should Be Adjusted For Inflation. By Daisy Brown, TSCL Legislative Liaison When incomes grow like they did this year with an 8.7% COLA, ...
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Benefit Bulletin: November/December 2023
Let’s Be Real: — The Social Security COLA Is Meager, Even When “Above Average” Edward Cates, Chairman of the Board, TSCL Inflation data is slowing down to more typical rates of growth, but so far NOBODY is throwing ...
The $45,000 Question — What Would You Do If Your Doctor Prescribes A Drug That Costs That Much?
Mary Johnson, editor Medicare coverage isn’t a set-it once and forget it option. To protect your retirement finances from potentially significant surprise expenses, it’s important to review your drug and health plan o ...
Ask the Advisor: November/December 2023
What are the most common stumbling blocks to maximizing Social Security and Medicare benefits? Q: Can you tell me the most costly misconceptions about Social Security and Medicare in terms of retirement income and hea ...
Best Ways to Save: What’s the Secret For Successfully Using CPAP Machines for Sleep Apnea?
The National Council On Aging Has A New Guide That Can Help About 30% of Americans experience poor sleep due to sleep apnea which often causes those affected to feel like a tired - all - the - time zombie. The most fr ...
Senate Holds Hearing On Making Wealthy Pay Their Fair Share of Social Security Taxes
Recently the Senate Budget Committee held a hearing to focus on a key question: Should payroll taxes be adjusted to require high earners to pay more into the program? A critical deadline is looming for Social Security, a ...
Failure To Address Social Security’s Solvency Could Cost Married Couples $17,400 In Benefits
As the 2024 campaign heats up, candidates are facing questions about their positions on Social Security benefit cuts and facing pressure to pledge not to touch Social Security. But one thing everyone needs to remember — ...
Older Households Report Very Modest Spending Despite Record COLA In 2023
Although retirees received the highest COLA in 40 years in 2023 — 8.7% — nobody is getting rich. The reality is that the dollar amount of the COLAs increase is very modest. According to TSCL’s latest Retirement Survey, 4 ...
Social Security Benefits to Rise 3.2% in January
The 2024 Social Security cost of living adjustment (COLA) will increase benefits by 3.2% starting with the check to be received in January. That will raise an average monthly retiree benefit of $1,848 by $59 but, watch y ...
Senate Committee Investigate Medicare Advantage Enrollment Schemes
In our September update, we wrote about a video conference TSCL participated in that discussed the Medicare Advantage (MA) ads that inundate TV and mailboxes every fall during open enrollment season. We learned that t ...
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