You would be FAR better off waiting until after you turn 66 to start benefits at your full retirement age. After reaching full retirement age, you can receive benefits and earn as much as you want with no reduction to your benefits..Keep in mind that this is not a comprehensive list or tax advice, but provided to give you an idea of the steps you need to take to learn how to reduce your tax bill. TSCL strongly recommends that you get help preparing your taxes from a tax professional who can explain your options and get you every tax break to which you're entitled to..In a recent Senate Special Committee on Aging hearing, U.S. Senator Claire McCaskill questioned medical and pharmaceutical industry leaders about the financial relationship between physicians and drug companies. Pharmaceutical companies currently spend billions of dollars annually 90 percent of their marketing program on gifts, lunches, drug samples, and sponsorships of education programs for doctors without any form of public disclosure, leading many to question whether economic incentives provided by the industry cloud physicians' judgment and put profits ahead of patients..Petition to Congress in Support of a Social Security Guarantee.Also this week, one new cosponsor in the Senate signed on to Sen. John Kerry's Social Security Fairness Act, bringing the total up to eighteen. The new cosponsor is Sen. Debbie Stabenow..Genetic testing is not routinely used by doctors to screen for cancer. Here's how the scam works - The "target" might receive automated phone calls, often multiple times a week, or may be approached in-person by a "recruiter." The recruiter, who may present herself as a "certified Medicare counselor," convinces the target to take a genetic test promising that Medicare pays the full cost. The patient, however, often never receives a report, or the report may be incomprehensible..Hospitals, which are often the biggest employers in their localities, or even their states, have furloughed workers, and the industry lost an estimated billion a month in foregone surgeries and procedures during the worst part of the pandemic. Hospitals rely on elective surgeries for a major portion of their revenue, because Medicare and private insurers tend to pay more for those procedures than other types of hospital care. Hospitals say they also have lost money in treating COVID-19, because of the amount of intensive care that patients need..There are better and more fair choices for indexing the COLA. The BLS also measures the price change experience of All Urban Consumers which covers about 88% of the U.S. population including retirees as well as younger people, and it even maintains a "senior-specific" experimental CPI, the Consumer Price Index for the Elderly, that our government has quietly tinkered with since 1983, but has never used to calculate the COLA..It'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.

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The application was approved under Section 505 of the Federal Food, Drug and Cosmetic Act, which means that although it is a new drug application, its approval was based on research from another product..Wednesday's vote marks an important step in the confirmation process, and she now faces only one more vote from the full Senate. Senate Majority Leader Harry Reid has said that he hopes to schedule a final confirmation vote before the end of the month. The overwhelming display of support from lawmakers on both sides of the aisle on Wednesday means that Burwell's path to confirmation will likely be an easy one. Nonetheless, TSCL will continue to keep a close eye on the process in the coming days..Forty-three percent of all seniors count on Social Security for 80% or more of their income. … Continued

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Congress Adjourns for Holiday Recess.TSCL sent a letter to House and Senate leaders asking for their support for a more fair and adequate Social Security COLA. Stated TSCL's Chairman Arthur Cooper, "Eighty-six percent of TSCL's members and supporters believe Congress must pass legislation tying the annual COLA to the Consumer Price Index for the Elderly. Doing so would more accurately base COLAs on the spending patterns of seniors instead of the spending patterns of young, urban workers, and would go a long way in improving the adequacy of Social Security benefits.".With no effective treatment in sight, and no indication that the coronavirus will "magically disappear," as the President has frequently predicted, a vaccine will be "the ultimate game changer" in the pandemic, according Dr. Anthony Fauci, the nation's leading expert on the outbreak. "There's never a guarantee of success," Fauci said. But he added that he was "cautiously optimistic" that by winter, at least one of nearly a dozen promising vaccine candidates would have shown itself to be safe and effective in inducing immunity in humans. … Continued

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