Your own retirement benefit would be low if you were to take it at age 64 - prior to reaching your full retirement age. Full retirement age at which you start receiving full, unreduced benefits, is rising. For people born in 1956 your full retirement age is 66 and 4 months..Under current law, no legal guarantee to Social Security benefits exists, even for those who meet all required eligibility criteria. This means that Congress may enact unexpected benefit cuts or the Social Security Administration may pay reduced benefits if the necessary funds are unavailable..That estimate appears to be one prepared by the Social Security's Chief Actuary who projected in 2003 that a totalization agreement with Mexico would have a negligible long-range cost to Social Security. The Social Security Administration estimated that costs to the U.S. Social Security system would average about 0 million per year over the first five years. In 2003 the Government Accountability Office evaluated that cost estimate and sharply criticized it, saying that "the cost of such an agreement is highly uncertain." The GAO reported that SSA's estimate failed to account for the large number of Mexicans who are or have worked in this country without legal authorization..Shop your local farmers' markets, and growers. Until you've sampled just - picked local fruits and vegetables, you really haven't tasted produce at its peak. Not only will you find better quality and better tasting produce, often grown organically, you'll find better prices too, especially when there's a glut and the grower has limited storage space. August, for example, is your best time to stock up on tomatoes, beans, corn, squash, cucumbers, peppers, melons and eggplant..Instead of the sweeping legislation supported by the House Democratic leadership they have indicated supported for more modest measures that already have some Republican support. Those include things like capping Medicare enrollees' out-of-pocket drug costs..The Republicans on the committee include: Sens. Jon Kyl, John Barrasso, and Mike Crapo ; and Reps. Tom Price, Nan Hayworth, Renee Ellmers, Dave Camp, Fred Upton, Tom Reed, Kevin Brady, and Greg Walden..Is it safe to shop for senior housing or to refinance a mortgage for overdue renovations of an older home, or should we focus of paying off the mortgage of an existing home? I'm still working and I'll turn 62 this year..To learn more and to participate in TSCL surveys and polls, visit..For years, TSCL has been advocating on Capitol Hill for a more fair and accurate Social Security COLA for beneficiaries. The Consumer Price Index for Elderly Consumers Act legislation introduced by Rep. Michael Honda is a common-sense solution that would better protect the purchasing power of Social Security benefits since it would use a more accurate measure of inflation.
