Prevent Wellness WisdomThe blueprint also lays out some modifications to the Social Security program. It would close the Disability Insurance trust fund's shortfall by transferring funds from the Old Age and Survivor's Insurance trust fund over a period of five years. TSCL's members and supporters overwhelmingly oppose the transfer of funds from one trust fund to another since it would put the OASI trust fund on worse financial footing. However, we were pleased to see that President Obama did not include the adoption of the "chained" CPI in his budget blueprint as he did two years ago..If you do return to work, it is possible that your earnings could subject a portion of your Social Security benefits to taxation. If this happens, you could wind up with only a small gain, or even lose money after paying the increased tax on earnings and Social Security benefits. Before taking on work to earn extra income, calculate the tax cost. A good tax guide like J.K. Lasser's Your Income Tax contains worksheets to help you do this. Tax guides can often be found in many public libraries, or visit for more information..Since the Social Security Administration announced the 2013 benefit boost last fall, fuel, food and healthcare costs have steadily climbed. U.S. households that heat with oil are expected to pay nearly 20 percent more this winter compared to last year. Homes that rely on oil heat will pay an average of 7 more this winter according to the U.S. Energy Information Administration. … Continued
Helping Teens Battle ObesityHow would the healthcare replacement legislation in Congress affect homecare and long-term care services covered by Medicaid? My 44-year old son was born with cerebral palsy and is homebound. He receives both Medicare and Medicaid. My mom, age 93, also lives with me. My husband and I still work. We are in our 60s..The Social Security Administration adjusts the amount of your benefits based on what you estimate that you will earn. If you go back to work, let the Social Security Administration know right away. If other family members get benefits based on your work, your earnings may reduce their benefits too..These three-decade-old policies have been proven to be harmful and unhelpful, which is why I introduced H.R. 141, the Social Security Fairness Act of 2019, which will eliminate these counterproductive policies. Nationwide, nearly 1.5 million people are affected by the WEP, meaning those who receive a public pension from a job not covered by Social Security see those benefits reduced. For example, a teacher who spends his or her summers working a second job, or a first responder who leaves the force after years of service, but is not ready to retire, can see their benefits reduced by as much as 40 percent. … Continued