Select a daily benefit amount. You can select an amount like.Creating a new minimum benefit for low-income retirees set at 25% above the poverty line ;.Under current law the Social Security COLA is calculated based on the spending patterns of younger working adults using the Consumer Price Index for Urban Wage Earners and Clerical Workers. But older consumers spend a bigger portion of their household budgets on healthcare and housing, two categories that have been increasing more rapidly in recent years. "Medicare Part B premiums are the fastest growing cost most retirees will ever have," notes Johnson. "But those costs are not even surveyed under the CPI-W or reflected in today's COLA," she says..You can contribute to more than one IRA. It's possible to have a traditional IRA, one or more 401s and a Roth IRA or Roth 40You can contribute to as many as you want but the total you may contribute is limited to a maximum amount that is adjusted annually and the type of account..Wall Street economists are in the midst of a growing debate over whether we are in for "the return of inflation.".7 Questions That Must Be Addressed About Social Security.Interest on a home mortgage on loans up to million if you signed your mortgage prior to December 15, 2017, or up to 0,000 on loans signed after that date..Keep up with the latest. Follow TSCL on Twitter and Facebook..Top executives of the big drug companies have requested a meeting with White House officials this week to discuss how they can lower drug prices.

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I realize that tonight when I go to watch TV, I'll be looking for the remote, but I won't remember that it's on the kitchen table, so I decide to put it back in the living room where it belongs, but first I'll water the flowers..Changes are looming for Medicare and Social Security. Make your opinion count. Visit TSCL online at and take our monthly poll!.Although the new tax law almost doubles the standard deduction, and increases the deduction for taxpayers over the age of 65, The Senior Citizens League still encourages older taxpayers to compile and check medical and other deductible expenses before automatically taking the new standard deduction. The Senior Citizens League is working for passage of legislation that would lower or eliminate the taxation Social Security benefits, and strengthen Social Security for all. … Continued

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Finally, some Good News.services,consider adding these. When comparing plans, make sure you compare.COLAs became automatic with the one that became payable on July 1, 1975 and continued to average 8.7% annually from 1975 through 198Then the bottom seemed to fall out. From 1983 through 2009 COLAs averaged 3.1%. From 2010 to Do you see a pattern here? I do. We may never know the full details, but what we do know is that our government economists at the Bureau of Labor Statistics changed the way they measured price changes. The Consumer Price Index Handbook of the Bureau of Labor Statistics contains an extensive list of ongoing changes to their methodology in measuring price change. Since the 1980s the BLS has implemented 30 changes, and many of those changes reduce the measured rate of inflation. That in turn means slower growth in Social Security benefits over time. … Continued

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