TSCL believes modestly higher retirement benefits are needed by a majority of people at or nearing retirement. A number of national studies indicate that millions of older Americans are entering retirement without the financial resources to cover retirements that may stretch 30 years or more. A 2015 report from the U.S. Government Accountability Office that says about one - half of households 55 and older have no retirement savings, and many of those that do run the risk of falling short of income..To read more about Medicare see the 2015 Medicare & You handbook. Get a copy here..This order is not only vehemently opposed by the pharmaceutical industry but also by many conservative groups that have otherwise been supportive of Trump during his time in office..Will current beneficiaries and those close to retirement - people age 55 and older - be protected from benefit cuts?.TSCL Supports New Legislation.Last week was a busy one in Congress. There are 3 reasons for that. First, the worsening of the coronavirus pandemic in many more states and the need to pass another major piece of legislation to deal with its effects..Since the start of the first CPI in 1940, the BLS has made changes to how it calculates price inflation - most recently announcing changes to how they collect price data. A new paper reports that the BLS has undertaken several pilot projects in an attempt to supplement and/or replace its traditional field collection of price data with "alternative sources." If that sounds suspicious, you have good reason to ask questions. The BLS Handbook of Methods lists more than 21 changes that economists have made to how they calculate the CPI since 198In most cases the so-called "improvements" tend to slow the measured rate of inflation. That means the growth in COLAs is cut and Social Security benefits grow more slowly over time. In short, this boils down to an erosion in the buying power of your Social Security benefits when, in reality, prices are actually going up..In an effort to stimulate the economy, President Obama has once again called for an extension of the Social Security payroll tax cut, which was enacted in December of last year.."Senior Advocates: Small Social Security Bump May be Sign of Future Bad News"

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job..I get my Medicare health plan under my wife's company insurance. My wife is not on Medicare yet, she also gets her health insurance through her former employer. We are both retired and live on a fixed income. When does she need to enroll in Medicare?.Some home healthcare can be deductible. In order for home healthcare expenses to be deductible, those who require the care must be unable to perform two or more of six activities of daily living and have a plan of care from a physician that specifies help with these tasks. … Continued

Blog Scotus Adopts Case By Case Approach To Warrantless Pursuit Of Fleeing Misdemeanants Into Home

Well, to our surprise, it was announced last Friday that House and Senate committee leaders have struck a deal on a bipartisan fix for the problem..The first day of each month - when big payments go out for Medicare reimbursements, military salaries, veterans' benefits, pensions for military and civilian federal employees and more - is particularly bad. The third day of each month and Wednesdays, when Social Security benefits go out, aren't great either. Interest payments to Treasury's creditors go out on the 15th and at the end of each month of beginning of the next..This is not a sustainable spending pattern for retired and disabled households. In recent years, Social Security recipients more typically reported that housing and medical expenses, not food, increased the fastest and were the two top cost concerns. … Continued

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