Keep working. - Unless you've got a well-padded bank account,.People who are already retired, or close to it, aren't able to make adjustments to retirement plans if benefits are abruptly cut..Beware of a nationwide utilitybill payment scam. Under the scam, a customer may be contacted in person, through fliers, social media or text messages. The scammers claim that President Obama will pay a person's utility bills through a new federal program..an average of ,600 a month..A new analysis by Johnson compared the growth of average benefits since 2009 with what retirees would have received assuming Social Security law provided a COLA guarantee of at least 3 percent, as has been proposed by some Members of Congress, including Representative Eliot Engel. Johnson's analysis found that an average benefit of ,075 in 2009 would be 6.50 per month higher in 2018 - about 17 percent higher - had Social Security recipients been protected by a 3 percent COLA guarantee. Over the past nine years, the average retiree would have received about ,947 more in total Social Security income..Congressional Recess Begins.This is one of the many retirement questions for which there is no straightforward answer. Many financial advisors recommend delaying the start of Social Security until you are at least your full retirement age or better yet, to wait until age 70. At your full retirement age, you would be eligible for 100% of the benefit to which you are entitled. However, for every year you delay until age 70, your Social Security benefit will grow 8%. Your benefit at age 70 would be 32 percent higher than you would get at 6That's a return that's very hard to find these days..January 2007.Higher taxes and reductions to benefits are expected to top the discussions of the next Congress. If we intend to protect our Social Security and Medicare benefits, it's going to be up to us to play a major role in crafting the solution. We're out of time for partisan stand offs. This is not an "us versus them" situation. This is a "we" as in "we are all in the same boat." Please join TSCL in helping to be part of the solution. To learn how you can take part click the links to: sign a petition, make a donation, or become a member of TSCL.

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TSCL Calls Seniors To Action.Annual cuts to healthcare providers. The Affordable Care Act provided for a number of cost-cutting mechanisms that cut government spending on hospitals and other healthcare providers. Medicare's Chief Actuary and the Congressional Budget Office have raised doubts that the savings targets can be achieved over a prolonged period of time, without providers dropping out of Medicare. Media reports already suggest that a growing number of Medicare beneficiaries are left with significant uncovered costs as hospitals keep patients listed as outpatients rather than inpatients due to new rules that penalize hospitals for frequent readmissions. TSCL is concerned that these sorts of problems may escalate as provisions of the Affordable Care Act are implemented..Lawmakers Reach Deal to Avert Fiscal Cliff … Continued

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One of the first tax cuts to expire under the recent tax law is likely to disproportionately affect older taxpayers and others with the highest healthcare costs starting in 2019, says The Senior Citizens League. "The medical expense deduction will become less generous in 2019, and that is likely to affect older taxpayers, because they tend to have high medical expenses," says Mary Johnson, a Social Security policy analyst for The Senior Citizens League. "A less generous healthcare cost deduction could mean higher taxable income next year," she cautions..President's Executive Order to lower Drug Prices.Among the documents released to TSCL was a statement by Secretary of State, Condoleezza Rice, that says, "Social Security actuaries have estimated that a Totalization Agreement with Mexico would have negligible long-range costs for the Social Security Trust FundsЕ Costs to the U.S. Social Security system are estimated to average about 0 million per year over the first five years." … Continued

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