Interest rates fell. Seven percent of Social Security financing comes from the interest earned by the assets held by the Social Security Trust Funds. Those assets are actually non-marketable government bonds, like I.O.U.s from the U.S. Treasury payable to the Social Security Trust Fund. That income stream was reduced because short term interest rates dropped to extreme lows during 2020 and so far in 2021..Even if you aren't ready to sell your home, but just doing some planning for the future, homes maintain their highest value with careful regular maintenance and de-cluttering. It's not too early to start thinking ahead. To learn more, see: Selling Your House, Nolo's Essential Guide, by Iiona Bray, J.D.."People who have been receiving benefits for 12 years or longer have experienced an unprecedented series of extremely low cost-of-living adjustments," says Mary Johnson, a Social Security policy analyst for The Senior Citizens League. What's more those inflation adjustments do not account for rapidly rising Medicare Part B premiums that are increasing several times faster than the COLA. The situation is causing those with the lower Social Security benefits to see little growth in their net Social Security income after deduction of the Part B premium..Use call block technology. If you have a smart phone, you can block calls from unknown numbers. Some land line phones also have similar technology..Action on Capitol Hill remained slow this week, as both Houses of Congress have adjourned for the August recess. However, The Senior Citizens League did see support grow for two key pieces of legislation..Sen. Mark Begich introduced S. 896 on May 8, 201It has since been referred to the Committee on Finance..Low-Income Health Programs, Working and Laid Off Workers Take the Biggest Hit When Medicare Part B Premiums Spike.On Monday evening, Senator John Cornyn told reporters that the Senate's bill would include major differences from the House version. He said: "We're going to start from scratch, really. It's helpful for us to have [House lawmakers] go first to see the kind of issues that come up and anticipate those in the Finance Committee markup. But I'm still pretty optimistic we'll get this done before Thanksgiving.".Social Security represents America's promise that after a lifetime of hard work and paying into the system, senior citizens have earned greater financial security in their golden years, free from abject poverty. Americans expect that when their leaders give their word, they keep it.

Medicaid Fact Sheet Analysis Of Recent Declines In Medicaid And Chip Enrollment

TSCL enthusiastically supports the No Social Security for Illegal Immigrants Act, and in a survey that we conducted in January of 2016, nearly 90 percent of our members and supporters agreed that such payments should be prohibited. We commend Rep. Rohrabacher for introducing legislation that would protect the integrity of the Social Security program while preventing an unnecessary and unspecified strain on the Trust Fund. We look forward to working with him in the coming months to help build support for his critical new bill..Congress May Consider Ending Two Provisions That Reduce Social Security Benefits of Public Employees.This issue has just popped up and TSCL will be in contact with members of Congress to do all we can to prevent these looming cuts and we will keep you advised as to how things are going. … Continued

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What if I make a donation and then become dissatisfied with TSCL?.President George W. Bush proposed overhauling Social Security into a system of private accounts that would be invested in the stock market. The proposal never was passed into law, due to its unpopularity with the public. Before the proposal could gain traction, the Great Recession pounded the stock market, bringing a temporary end to the idea of investing Social Security payroll taxes into private individual retirement accounts. Between the peak of the stock market on October 9, 2007 and the low in March 2009, equity prices fell 50 percent, proving to many that the fixed benefit structure of Social Security is still desirable..I had the opportunity to interview Florida retiree Joe S., who told me how he is impacted, living in one of the most hurricane prone areas in the U.S. - Brevard County, Florida. In September, after hanging 20 hurricane shutters on his home, Joe and his wife evacuated for three days and rode out hurricane Dorian 110 miles inland. Gas, hotel, food costs totaled 0.00. Unexpected expenses like these are hard to plan for. … Continued

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