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In the months before the deal was reached, two Congressional Committees called upon organizations, advocates and other stakeholders to offer their ideas for strengthening the program's finances. TSCL submitted a set of recommendations in August, and then in September, we met with key aides on the House Ways and Means Social Security Subcommittee to discuss our proposal in detail..The income thresholds that subject up to 50 percent of Social Security benefits to tax start at provisional incomes of ,000 and ,000. A second tier taxes up to 85% of benefits when individual provisional income exceeds ,000, and joint exceeds ,000. If the thresholds were adjusted to today's dollars the ,000 threshold would be about ,107 and the ,000 would be about ,097 according an analysis for TSCL..Age doesn't matter for contributions to some types of 401s. Regardless of age, you can continue to contribute to a traditional 401 as long as you own less than 5% of the business you are working for. You aren't required to take required minimum withdrawals..TSCL's report contains one of the only up-to-date compilations of Social Security's Earnings Suspense File data, based on government documents, and updated with the most recent Social Security Administration data annually. The data indicate that in the years immediately following the 1986 immigration amnesty, the Earnings Suspense File grew at an unprecedented pace. From 2000 to 2011 the number of mismatched wage reports doubled, jumping from 52 million reported from 1990 to 1999 to 109.7 million from 2000 to 201In addition, the amount of average annual wages represented by the reports has also grown considerably since the 1990s - about 60%, after adjusting for inflation..How can we strengthen Social Security's financing structure? Take TSCL's 2020 Senior Survey and let us know what you think about some of the leading proposals and thank you for your participation..plan covers it, every year. Case in point: Using the Medicare Drug Plan finder.The sharp plunge was the result of changes that Congress made in 1977 to a Social Security benefit formula glitch that over-adjusted for inflation. At the time, Social Security actuaries forecast that if left unchanged, some groups of future retirees would receive benefits that would be even higher than their average earnings during their working years. Social Security was almost insolvent..The Senior Citizens League supports legislation that would require a minimum COLA of no less than 3 percent, even in years when inflation falls below that amount. "Strengthening the COLA," Johnson says, "would help slow the drain of drain of retirement savings and help keep older Americans out of poverty." To learn more, visit..To learn more about how work affects your benefits, see the publication "How Work Affects Your Benefits," SSA Publication No. 05-1006You can find it at or by calling toll free at.