Second, every two years, the Taskforce will submit a report to Congress outlining trends and innovations that are impacting the investment for senior investors. This will keep a cop on the beat to make sure we keep up with changes in financial scams. The report will also include recommendations for changes to rules of the SEC or other organizations, and any legislative actions needed to resolve senior investors' problems.."We are mobilizing our grassroots efforts to fight COLA cuts and contact Members of Congress," Hyland says. To learn more, or to take a poll, visit. For more ideas about saving on Medicare costs and stretching retirement income, request a free issue of TSCL's "The Best Ways To Save" newsletter. Send for postage and handling to: The Senior Citizens League, ATTN: BWTS, 1001 N. Fairfax St., #101, Alexandria, VA 22314..Cutting Benefits for Current Retirees or Any Americans Over Age 50: Many current retirees are already struggling financially, and people need adequate time to plan and prepare for changes to something as important as Social Security..As anyone who was following the news last week knows, Congress failed to reach an agreement on a new coronavirus economic relief bill, so they went home. They have left it up to the leadership in both houses to try and come up with legislation that can pass both bodies, but no one sounds optimistic that will happen before they return in September..Wilson Disease can cause organ or cognitive failure. Because no equivalent for Syprine exists, Heyman was forced to try an alternative treatment, Galzin, which costs her about 0 per year. Heyman said the change was made only under duress, because it does not remove the fatal build - up of copper in her system - just absorbs it - and the long - term consequences of the switch are still unknown..The coronavirus has caused a dramatic decline in home mortgage rates, but that doesn't necessarily mean it's a good time for everyone to refinance. The good news is that, in many areas of the country, lenders and states are making the process safer for your physical health. That said, refinancing in retirement is still a process that carries risk to your fiscal health..On Wednesday, the Social Security and Medicare Trustees released their annual reports on the financial outlook of both programs. As expected, they found that Social Security and Medicare are experiencing long-term financing shortfalls. Social Security's combined trust funds are expected to be depleted in 2034, which remains unchanged from last year's report. Medicare's Hospital Insurance trust fund is expected to be depleted in 2028 two years earlier than the trustees projected last year..While a multitude of new mandates and burdensome administrative requirements have been layered on over the past several years, payments to physicians have not only failed to keep pace with inflation, they have, in some cases, decreased in real terms..Should I Allow My New Health Law Coverage To "Automatically Renew"?

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Dad passed away a few years ago at age 90, after going to the emergency room during a health emergency and then spending a few days in the hospital. He was released to a nursing home where he lived a few more months. When all this happened, we didn't have any professional counseling, and had no idea how complicated this situation would turn out to be. We didn't know what Medicare covered or that it would not cover his nursing home care. Nor did we know how to get Medicaid assistance. Now Mom has no income left but her Social Security, and dad's impossible nursing home bills that she will never be able to pay off. How can we find help with questions about nursing home care, and how the costs would be financed in case Mom needs it next?.Members of the House spent the week in their home districts, and are expected to return to Capitol Hill on Wednesday, May 30. Members of the Senate will recess next week for the Memorial Day holiday and will return on Monday, June 4..After weeks of debate by the House-Senate Conference Committee, President Obama signed the payroll tax holiday and temporary "doc fix" into law this week. Other action on Capitol Hill remained slow this week, as both Houses of Congress have adjourned for the Presidents Day Recess. … Continued

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Increasing the payroll tax cap. Currently, the amount of earnings subject to payroll tax is 7,200, and the Social Security payroll tax is not applied to annual income over that amount. In a recent survey of TSCL's members, 73% said they would like to see the 6.2 percent payroll tax applied to all earnings in order to increase the solvency of the program..Here's a hypothetical example to illustrate the math: Let's assume that you double check your expenses and discover some commonly over-looked medical expenses. With that, and your husband's medical expenses, let's assume that your medical expenses total ,000, and that your AGI is about ,000. Seven and one-half percent of ,000 is ,750. That leaves ,250 in excess medical expenses that you might potentially deduct..The Senior Citizens League is working for enactment of legislative measures that would lower prescription drug costs. To learn how to get involved, visit. … Continued

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