Either way, you will need to consider how well your income, including Social Security, retirement savings, pension and other income will allow you to sustain mortgage payments over the refinancing periods. It's also helpful to use realistic budget expenses. That means estimating how taxes will reduce your Social Security and retirement income, and factoring in a realistic growth rate for medical expenses of at least 10% or more each year, to account for both rising prices and the greater need for services as we age..Unlicensed loan offers through the mail, via telephone, or door-to-door. "Auto payments of per month! Interest rates as low as 2.4 APR! Keys to the door of your next car!" It's not unusual to find auto loan offers in your mailbox, but beware. Make sure any lender you work with is legitimate, and licensed..TSCL is delivering a letter of protest to Congressional leaders outlining the tax provisions that older Americans support for strengthening Social Security. What do you think of this proposal? Take a poll at..New Tool For Financially Insecure Seniors: EconomicCheckUp®.In January of 2021, bipartisan legislation, the Social Security Fairness Act, which would eliminate the WEP and the GPO, was introduced by Rep. Rodney Davis. To date, the bill has 136 co-sponsors including BOTH Democrats and Republicans. TSCL strongly endorses this legislation and we encourage you to ask your Representative to support it. Public service employees deserve to get all the Social Security benefits they rightfully have paid for..From 1950 through 1974, Social Security benefits were increased 11 times through separate pieces of ad hoc legislation at irregular intervals. The increases varied just as they do today but averaged 8% per year over the 24-year period although there were long lapses between COLAs during some periods..TSCL survey participants are strongly supportive of legislative proposals that would modestly boost Social Security benefits, with 78 percent supporting the proposal. In addition the survey found that 86 percent support boosting the COLA by tying the annual COLA to the Consumer Price Index for the Elderly, which would tend to provide a modestly higher COLA in most years..Your decision on when to enroll in Medicare depends on two factors: 1.) your age or disability and, 2.) the size of your husband's employer. You are first eligible to enroll at 65, but if your husband's employer has over 20 full time employees then you would be able to delay enrollment in Medicare while your husband is still working and he continues to have health coverage through his employer. Once the employment or coverage ends you have 8 months to sign up for Part B without penalty during a Special Enrollment Period..A key unresolved issue is whether undocumented immigrants, who illegally worked using invalid or fake Social Security numbers, would be able to claim work credits towards benefits for those earnings. Work authorization, or "green cards," not citizenship, is the key requirement for noncitizens to become entitled to Social Security benefits and Medicare when other program qualifications are met. According to the Congressional Budget Office, even "limited" immigration changes that provide only permission to work in this country, or temporary work authorization, could potentially add millions of new claims in the future. Under current law Social Security benefits are based on all earnings, including earnings from jobs worked without authorization under invalid and fraudulent documents.
