By Mary Johnson, editor A new rule recently announced by the U.S. Food and Drug administration (FDA) approved the sale of over the counter (OTC) hearing aids for people with mild to moderate hearing loss. OTC hearing ...
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Ask The Advisor: Did Congress Change The Age For Required Minimum Distributions From Retirement Accounts?
Q: Can you confirm whether Congress changed the age for required minimum distributions from retirement accounts? I am currently age 71 and will turn age 72 in April of 2023. A: It was easy to miss, but yes, budget leg ...
80% of Older Americans Say Their Standard of Living Has Worsened
One of the most frequent questions that TSCL receives in our meetings with Members of Congress and from news outlets is “How has inflation impacted older households?” To find out, we posed the following question to over ...
Legislative Update: Inflation Is Coming Down. But Will There Be A COLA Next Year?
By Daisy Brown, TSCL Legislative Liaison It’s been two years since prices started a stratospheric climb in 2021 at a pace that hasn’t been seen in more than 40 years. Although Social Security recipients rece ...
Benefit Bulletin: Another Way Your Social Security Benefits Lose Buying Power: The Tax Bite
Edward Cates, Chairman of the Board, TSCL It’s one of our biggest pet peeves, and a lot of you share it — the taxation of our Social Security benefits. In fact, 57% of participants in recent TSCL surveys report that t ...
Medicare Beneficiaries and Taxpayers Are Getting Ripped Off, And Our Government Lets Too Many Get Away With It
Waste, fraud, and abuse is estimated to have cost Medicare $47 billion in 2022 according to a report from the U.S Government Accountability Office. That’s an astonishing $721 for every Medicare beneficiary. Since benefic ...
Are Social Security Benefit Cuts Coming?
The chance of problems affecting the timely funding of Social Security benefits appears to be growing this year. The Republican majority in the House pushed through a new set of rules which would make it harder to raise ...
Inflation Is Coming Down, But Will You “Catch Up?”
By Mary Johnson, Editor Some financial experts theorize that retirees can look forward to an improvement in buying power this year. As the rate of inflation falls, that should mean the buying power of Social Security ...
Millions could Lose Medicaid Coverage This Year
Roughly 84 million people in the U.S., including 7.2 million low-income seniors, are covered by Medicaid, which has grown by 20 million people since January 2020, just before the COVID-19 pandemic hit. But as states b ...
After Charges of Fraud, Insurance Companies Push Back
Cutting “waste, fraud, and abuse” is always part of the solution politicians bring up when they discuss how to reduce government spending. But there’s a debate about just what “waste, fraud, and abuse” really is. A c ...
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