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Here's an example of how it might work for you if you receive ,400 from your 401 and ,600 from your IRA. To figure your provisional income, take one - half of your Social Security = ,000. Let's say the taxable portion of your 401 is ,200, and of your IRA is the full ,600. That adds up to a provisional income of ,800 and a portion of your Social Security benefits would be taxable..According to TSCL's 2017 Senior Survey, 8% of survey respondents said that their benefits have been withheld by Social Security due to excess earnings. Unless you have a terminal illness and are not expected to live very long, we strongly recommend that you consider delaying the start of your Social Security benefit until you are 66 or older when you will be eligible for the full, unreduced amount. To get the maximum, consider working until age 70 if you can. Your benefit will grow by 8% per year if you do..What are the 10 fastest growing costs for older Social Security recipients? See the list here.TSCL surveys have found that there is no public support for benefit cuts. On the other hand, 79% support eliminating the taxable maximum cap on earnings so that the highest paid workers pay Social Security taxes on all of their income, not just part of it as they do today..However, a modification to the bill is under consideration that would provide a portion of the income taxes collected on Social Security benefits to the Medicare Trust Fund in the same manner and amount as current law. That modification, however, would have a big impact on Social Security's cash flow in the earlier years. According to the Joint Committee on Taxation, the change would lower the total amount of revenues going into the Social Security Trust Fund by 1 billion over the 2020-2029 period, and would not prevent Social Security from becoming insolvent by 2036..Federal Government Moves to Guarantee Access to Drugs.Investing in an advanced aide role for DWCs will not only lead to less institutionalization and fewer re-hospitalizations, but will improve quality of life for seniors and reduce costs, reducing the overall burden on the health care industry. Seniors deserve to stay in their homes as they age, enjoy a high quality of life, all while receiving high quality, cost-effective care. The Advanced Aide Act will ensure that this is attainable..The following reflects the views of the writer and are not necessarily those of The Senior Citizens League..Use the Health and Drug Plan Finder found at.

Thrive Tips To Ease Your Childs Fear After Hearing Scary News
After passing new tax legislation that's projected to increase the federal deficit by more than .5 trillion over the next ten years, Senate Majority leader Mitch McConnell recently blamed Social Security, Medicare and Medicaid for the rapidly increasing deficit. McConnell said the only way to lower the deficit would be to cut Social Security, Medicare, and Medicaid..I decide I better put them back on my computer desk, but first I'm going to water the flowers..Back in mid-August we reported on President Trump's executive order to stop the collection of the workers' part of the Payroll tax, which funds Social Security and Medicare. TSCL is opposed of Payroll tax cuts of any kind because they seriously jeopardize the financial viability of both Social Security and Medicare. … Continued

2017 Election Administration Legislation Review
Before a company's drug patent expires, manufacturers of generics race to file lawsuits to challenge the patent. The company that wins gets a six-month period of exclusive sales to sell the drug. While this doesn't always happen, when it does it can delay real market competition until several manufacturers start making the generic version..The House of Representatives, on the other hand, has passed 10 of the 12 funding bills that are needed, with only the Homeland Security and Legislative branch funding bills left. Because there is so little time left before the start of the new fiscal year there is the real possibility there could be a government shutdown right before the November election..How to Hold That Thought … Continued