Gradually, over 10 years, eliminate the cap on earnings that are taxed for Social Security. This would mean that the approximately 6% of workers who earn more than the 8,500 cap in 2015 would pay into Social Security throughout the year like other workers. In return they would get slightly higher benefits..The CPI-E Act, if signed into law, would amend the Social Security Act with regard to the annual cost-of-living adjustment for Social Security and Medicare benefits. Currently, the COLA is based upon the spending patterns of young, urban workers, but this legislation would calculate the COLA based on the spending patterns of seniors..Your Social Security Retirement Toolkit: A Step-By-Step Guide to Getting the Money, Benefits & Financial Support You Are Entitled To, February 2017..them completed about 30 days BEFORE the annual fall Medicare Part D Open.If you do return to work, it is possible that your earnings could subject a portion of your Social Security benefits to taxation. If this happens, you could wind up with only a small gain, or even lose money after paying the increased tax on earnings and Social Security benefits. Before taking on work to earn extra income, calculate the tax cost. A good tax guide like J.K. Lasser's Your Income Tax contains worksheets to help you do this. Tax guides can often be found in many public libraries, or visit for more information..consultant, or free -lancer or independent contractor. Check with your local.On the heels of Greenspan's recent statement, President Obama's Fiscal Commission is due to release itsplan to solve the growing U.S. deficit by December 1st of this year. The Commission is eyeing major cuts to Social Security - including cost-of-living adjustments cuts that would affect 53 million current beneficiaries.."'The risks are known. The benefits are still in question,'" said Zaldy Tan, a neurologist and medical director of the Center for Alzheimer's and Memory Disorders at Cedars-Sinai in Los Angeles. ".Many Members of Congress will schedule town halls throughout the month of August, giving voters the opportunity to voice their opinions.

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Medicare costs are continuing to escalate in 2010, but unless Congress takes immediate action, it's all but certain that seniors won't receive an annual cost-of-living adjustment to help offset the increase next year. The Senior Citizens League strongly endorses new legislation introduced by Representative Walter Jones, H.R. 3557, to provide an emergency COLA increase for 2010..By Representative Matt Cartwright.I believe Social Security is a promise made to hard working Americans a promise that must be kept. We need to improve our economy to get folks back to work and paying into the program so our children and grandchildren have access to the same social safety net. I will work with my colleagues on both sides of the aisle to keep these promises made to seniors and it starts by passing H.R. 973. … Continued

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A COLA as low as 1.2% increases the risk that Medicare Part B premiums for 2020 would take the entire amount of any COLA increase for many beneficiaries. This would be especially true for any Part B increase around .00 per month..Why Did I Open This Refrigerator And What Are My Glasses Doing In There?.There's no doubt Democratic lawmakers would like to do these things because they campaigned on them last year and this would be the last chance to pass them this year. Because next year is an election year it is very unlikely any significant progress would be made then. … Continued

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