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Starting distributions from your retirement savings ahead of age 70 ½.However, the swell of seniors who qualify for Medicare has outpaced the number of doctors available to treat them. Every day, an estimated 10,000 Americans turn 65 and become eligible for the government program, the Census Bureau reported..Some 13% of the people who receive both Medicare and Medicaid are 85 and older. The youngest Notch Babies turned 85 last year, while the oldest turned 9With over four million Notch Babies and their widows, TSCL believes that roughly one-quarter of Notch Babies receive both Medicaid, as well as Medicare..What executive actions did the President announce?.Gradually Raising the Payroll Tax Cap: The payroll tax cap has not kept pace with changing income patterns over the past few decades, so it makes sense to adjust the maximum taxable wages to realign them with the originally intended level. Gradually raising the cap to cover 90 percent of the nation's taxable earnings by 2050 would allow it to once again represent the same percentage of that figure that it did as recently as the early 1980s..The program is projected to have enough tax income to pay about 23% less than currently scheduled, according to the Congressional Research Service. But economists warn that without changes to reduce the deficit, the Social Security Trust Fund will get into trouble long before the program is scheduled to become insolvent. Indeed, beneficiaries got a glimpse of what may lay ahead during last summer's battle over the debt limit. According to estimates from the Bi-partisan Policy Center, the federal government did not have sufficient revenues to cover Social Security benefits last August. Congress came within hours of a default on what it owed to the Trust Fund, and thus falling short on money needed to pay benefits before enacting legislation..Abusive high interest rates offered to high-risk borrowers who are most likely to default. Does the lender suggest a loan because of "bad credit or no credit?" To qualify for the lowest loan costs, borrowers earn low interest rates with good credit histories. Stay clear of dealers and lenders who promise to put you behind the wheel regardless of your credit..To say the least, it is controversial and there is reason to doubt it works. We know for sure that it is incredibly expensive. Having said that, here is some of the information we have seen..The median income for those age 65 and older was ,757 in 2010.