God Allah Buddha Great Spirit Minnesota Hospital Chaplains Adapt To DiversityMy husband passed away on March 31st. I was told that I have to return his entire Social Security payment for the month of March. Can this be true? This is an unfair and callous policy. Bills were incurred during the days that he was alive. Returning the check creates a financial hardship since every bit of it was spent on his healthcare, not to mention the costs of his funeral!.Use Retirement Savings or Start Social Security Early to Cover Large Medical Expenses?.That's why I introduced the Seniors and Veterans Emergency Benefits Act to give seniors on Social Security, veterans, and people with disabilities a one-time payment of 1 to help cover this gap. The bill is fully paid for by closing a tax loophole that allows corporations to write off obscene bonuses to top executives as business expenses for their taxes. … Continued
Blog Lawmakers Comment On George Floyd Killing RacismIt's helpful to think of age 70 as the retirement age to get the maximum benefit that you are entitled to. Not only does your benefit grow 8% per year, but the additional years of work could potentially boost the amount of your initial retirement benefit. By continuing to work you also give yourself more time to contribute to retirement accounts and pay off home mortgages, and you reduce the length of time or amount you will need to withdraw from your retirement accounts. That can make a big difference on how well you can live and thrive in retirement..Social Security can be changed in two ways - but benefit cuts don't have to be inevitable. Increasing payroll taxes is the other avenue..In April, more than 150 House lawmakers proposed a budget blueprint that would have reformed the Medicare program and cut Social Security benefits by adopting the "chained" CPI, eliminating the COLA for some seniors, and raising the eligibility age. Did you support this budget blueprint, and if so, why? … Continued
