Retirees need to pay attention to income from tax-deferred retirement accounts, pensions, annuities and Social Security benefits, in addition to other streams of income from any jobs, rental property, or income from a business. Failing to pay the right amount throughout the year could subject you to a tax penalty next April when your federal return is filed.."Greenspan Calls For Repeal Of All The Bush Tax Cuts," Sewell Chan, The New York Times, August 6, 2010..Senators Urge Action on Drug Prices.Annual limits on out-of-pocket costs: Unlike Medigap supplements, MA plans have annual out-of-pocket limits, which can vary and rise annually. In 2016 the maximum annual out-of-pocket that plans can charge is ,700, so your costs would need to be that much before catastrophic coverage begins. On the other hand, the limit protects you in years when you have very high out-of-pocket costs. Medigap plans may have lifetime limits that you could potentially exceed as you get older and sicker..The flowers in the vase don't have enough water..It's hard to know because no official government estimates seem to exist. Just how do illegal workers wind up on Social Security rolls? In order to get jobs they often provide employers with invalid, fake, or even stolen Social Security numbers. Employers withhold payroll taxes as required by law and wage reports are sent in to the Social Security Administration. If the name and Social Security number reported by employers doesn't match those in the SSA's records, the "mismatched reports are placed in an "Earnings Suspense File..TSCL receives hundreds of comments like this from Notch.How Long After Passage Will It Take To Award Notch Benefits? My mother was a Notch baby, born in 1919 and now my disabled brother receives her survivor's benefits. It is only fair that he receives whatever the government did not award my mother and other workers. If The Notch Fairness Act is passed how long will it take to award survivors?.Social Security Totalization Agreement with Mexico Preventing an unnecessary and unspecified drain on the Social Security Trust Fund..On Tuesday, after five days of debate, the Senate Judiciary Committee approved the "Gang of Eight's" comprehensive immigration reform bill by a vote of thirteen to five. If signed into law, the bill would provide more than 11 million immigrants with a path to citizenship. A number of amendments were adopted by the Senate Committee members, but TSCL was disappointed that they failed to approve an amendment that would have prevented immigrants from earning Social Security credits based on work completed while in the country illegally. Sen. Orrin Hatch sponsored the amendment, and while he ultimately voted in favor of advancing the bill, he did state that it "needs more improvement" before he would consider supporting it on the Senate floor.
