When Is It Ok For My Child To Quit A SportIt's also a common tendency to overestimate how much you will get from Social Security, according to a survey by the Nationwide Retirement Institute. About 30% of future retirees in the survey anticipated collecting more than they are likely to receive, saying they expected to get ,628 per month in Social Security benefits on average, but current retirees are receiving an average of ,257 per month. That gap is significant because 55% of those surveyed said that Social Security benefits would be their main source of income in retirement..The IRS is warning retirees to get an idea of how much income tax you may owe for 2018, and determine whether you need to make an estimated payment by January 15th, 201Recent changes to the tax law lowered individual rates and tax brackets slightly. The standard deduction almost doubled from ,350 to ,000, and single taxpayers older than 65 can deduct an additional ,600. On the other hand, personal exemptions have been eliminated. Tax advisors say that on average, most retirees will likely see a decrease in the taxes they owe, but individual circumstances vary greatly..In a separate report, the CDC responded to concerns about deaths being misattributed to Coved-1The agency took a close look at death certificates, finding that most that listed Covid-19 also named other contributing problems. They included conditions such as diabetes, known to increase the danger of severe disease, or conditions such as pneumonia that occurred in the chain of events leading to the deaths. … Continued
The Decline In Covid 19 Deaths Among Nursing Home Residents And Staff Reversed Course Amid The Surging Delta Variant This Summersources of income to add to your Social Security. Here's how:.About one quarter of all Medicare beneficiaries are covered by Medigap polices. Out-of-pocket costs under Medicare are considerable, and most beneficiaries supplement their coverage either by purchasing a Medigap policy or joining a Medicare Advantage plan. Unlike Medicare Advantage, however, Medigap enrollees in most states are not able to switch to another Medigap policy during fall open enrollment, because insurers are not required to cover pre-existing conditions outside of the individual's initial enrollment period. Seventy-two percent of survey participants support extending guaranteed coverage for pre-existing conditions to Medigap, allowing Medigap enrollees greater freedom to switch to other, less costly, Medigap plans..Senate Republican Whip John Thune, who TSCL met with last week, noted the Senate plans to hold multiple hearings on what should be included in the next relief bill, but he said moving a bill "probably doesn't happen" until July. … Continued
