If signed into law, the Social Security Preservation Act would require that all annual surpluses of the Social Security Trust Funds be invested in marketable interest-bearing obligations of the United States or obligations guaranteed by the United States. It also outlines certain requirements for determining the annual surplus of the Trust Funds. With the Social Security Trust Funds set to expire in 2033, TSCL believes that it is now more important than ever for Congress to protect and secure the program's monies. Rep. Paul's bill would do just that, and we were pleased to see support grow for it this week..House speaker Paul Ryan's proposal to overhaul Medicare by providing beneficiaries a subsidy or voucher to shop for private insurance on a federal health exchange has been included in House budget blue prints numerous times, but voters are overwhelmingly opposed to the idea. The plan would give private insurance plans a greater role in Medicare, and beneficiaries would be given a subsidy to shop for insurance coverage. The Congressional Budget Office has estimated that the plan would shift a growing share of the costs to beneficiaries..Medicare spending in 2013 accounts for 16% of the federal budget. That spending is projected to almost double as a share of the nation's economy in coming years, according to the Congressional Budget Office. The House, Senate, and the President's budget plans contain a number of provisions that would cut federal spending on Medicare. But how do senior voters view the proposals?.In normal political times neither party would allow Medicare to be cut. But because of our current highly partisan times, it would require ten Republicans to join with Democrats to stop the cuts to Medicare with new legislation if reconciliation were used..Even if you aren't ready to sell your home, but just doing some planning for the future, homes maintain their highest value with careful regular maintenance and de-cluttering. It's not too early to start thinking ahead. To learn more, see: Selling Your House, Nolo's Essential Guide, by Iiona Bray, J.D..This week, Members of Congress remained in their home states and districts to continue the fall recess. They are expected to return to Capitol Hill following the November elections to begin the lame duck session. Until then, most lawmakers will be attending local events and holding town hall meetings in their home states and districts..The Social Security 2100 Act, introduced by Representative John Larson and currently under consideration in the House, would replace the two-tier income threshold system with a single set of thresholds - 0,000 for joint filers and ,000 for single filers. The bill would subject as much as 85% of Social Security benefits to taxation as under current legislation..NASI's survey used an innovative trade - off analysis approach to learn what Social Security changes Americans favor and are willing to pay for. Trade - off analysis is commonly used in market research for product development. It determines the effect of decreasing one or more key factors and simultaneously increasing one or more other key factors in a decision, design or project. More than 2,000 Americans over the age of 21 participated and 87% percent of respondents said they are registered voters..Take a quiz from the nonpartisan Kaiser Family Foundation website.

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While the majority of workers pay Social Security on 100% of their earnings, people who earn the most, more than 8,500 a year, pay NOTHING on earnings over that amount..However, that all depends on the development of a vaccine that proves to be effective. Dr. Anthony Fauci believes that the Food and Drug Administration will approve a vaccine if it only works 50% of the time.."Senior Advocates: Small Social Security Bump May be Sign of Future Bad News" … Continued

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It's hard to plan your optimal retirement age without a realistic idea of what to expect in lifetime Social Security income. Yet, according TSCL's 2017 Senior Survey, 71% of survey participants said that's exactly the situation they were in when they filed a claim for Social Security benefits. They did not know, and Social Security did not supply any estimate of what they could expect in total lifetime Social Security income based on their choice of retirement age..Starting distributions from your retirement savings ahead of age 70 ½.Will Social Security benefits be increased fairly to provide adequate cost-of-living adjustments ? … Continued

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