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pricey, especially since you may pay for it years before you use it. Some.Forty-three percent of all seniors count on Social Security for 80% or more of their income..To see if your Members of Congress will be holding town hall meetings in the final days of the spring recess, click HERE or call their local offices. You can find contact information HERE..The Obama Administration and proponents of Obamacare have continued to downplay the cancellations of the health insurance of 4.7 million individual policy-holders who received notices that our polices would be ending in 2014 because they didn't comply with the new healthcare law. I was able to temporarily renew my so-called "junk policy." I wanted to keep it because my deductible is 50% lower than the lowest deductible found on any comparable policy in my area on the exchange, and my current plan has a much less restrictive provider network. Most importantly my premium is about 60% lower than I would pay on the exchange, that's after the subsidy..A balanced budget amendment to the constitution might sound like a good idea on the surface, but when the details are examined, it could be disastrous for programs like Social Security and Medicare. The Senior Citizens League tirelessly advocated against its adoption when it was considered earlier this year, and because lawmakers aren't giving up on it anytime soon, we aren't either..But in addition to health benefits, Susan needs the income from work to help cover the expenses of family caregiving. Her 43 - year old son, Andrew who was diagnosed with cerebral palsy as an infant, and has lived at home with Susan his entire life. Suffering from seizures, a speech disorder and difficulties with walking and moving around safely, Andrew requires daily care. More recently Susan moved her 90 - year old mother in as well. With day care help from one of Susan's daughters and other family members, Susan has been able to keep her son and mom where they want to be - out of institutions, and at home with family - while she continues to work..Tax Provisions in the Health Reconciliation Act, Journal of Accountancy, March 25, 2010..Because of your concerns in this regard, you will be pleased to learn of H.R. 1030, the Consumer Price Index for Elderly Consumers Act of 201This legislation would direct the Department of Labor to prepare and publish a monthly CPI for Elderly Consumers that indicates changes over time in expenditures for consumption that is typical for individuals 62 years or older. The bill would then amend current law to provide for the use of such new CPI in the computation of COLA increases for Social Security and Medicare benefits..Distributions from your 401 are different. If you paid into the 401, you can exclude part of each payment you receive from taxable income as a recovery of your investment. Your total investment cost includes everything you paid and also includes amounts your employer contributed that were taxable to you when paid. But like all things having to do with taxes, the IRS has pages of mind-bending rules and instructions about how you determine the taxable portion of your distribution.