That's correct, you can work while receiving a Social Security retirement, or survivors' benefit. The Social Security Administration even says it could eventually mean a higher benefit for you, but it could also mean that your Social Security benefits may be reduced - at least temporarily - when you earn more than the annual limit. In addition, your earnings may subject a portion of your Social Security benefits to taxation..Many of you agree with Joe. About 74% of survey participants in TSCL's Senior Survey support applying the 12.4% Social Security payroll tax to all wages above the annual maximum which is 2,900 in 201This one fix alone is estimated to close roughly three - quarters of the Social Security financing gap. Let's ask our Members of Congress to get on board. Read more about sustainable solvency for Social Security in our latest Benefit Bulletin, "Social Security Legislation Would Provide 75 Years of Solvency To Social Security.".COLA cuts: The White House proposes switching to the more slowly - growing measure of inflation, the chained consumer price index, to calculate annual COLAs. The proposal has bipartisan support in Congress. According to the Congressional Budget Office, it would cut spending on Social Security about 7 billion over the next ten years and bring in roughly 4 billion in higher taxes. To learn how the proposal would impact your benefits, try TSCL's Chained COLA calculator..Proponents of Executive Action say it's unlikely that illegals would file a lot of claims for Social Security benefits. People need to work about ten years and meet age eligibility requirements to file a claim for retirement benefits, and most illegal immigrants are young. But the rules for disability benefits are different. Depending on age, young disabled workers could qualify for benefits with as little as 1.5 years of work history. And, under current policies, illegal immigrants who receive a work-authorized Social Security number can become entitled to benefits that could be calculated on earnings from prior work under invalid and fraudulent Social Security numbers..This week, one new cosponsor Rep. Matt Cartwright signed on to Rep. Peter DeFazio's No Loopholes in Social Security Taxes Act. The cosponsor total is now up to twenty-seven. If signed into law, Rep. DeFazio's bill would subject all income over 0,000 to the Social Security payroll tax. Currently, the payroll tax is capped at 3,700 and no income over that amount is taxed. H.R. 1029 would reportedly add another fifty years to the solvency of the Trust Fund in a responsible way, without reducing benefits for seniors..Thank You Anyway, I'll Just Keep Working A Little Longer.Social Security benefits have lost 34 percent of buying power since 2000, according to the 2018 Social Security Loss of Buying Power Study recently released by The Senior Citizens League. This is the biggest loss of buying power recorded since 2012, and that was the biggest loss that The Senior Citizens League's study has recorded to date..To allow this situation to languish so long is a national disgrace when there's a surprising high level of bipartisan support for Notch Reform through "The Notch Fairness Act." This legislation would allow Notch Babies born from 1917 through 1926 a choice between a lump-sum of ,000 payable over a four-year period, or a higher monthly benefit. As of this writing, more than 94 cosponsors have signed on..Women who receive Social Security benefits outnumber men who do by almost 18%, according to data from the Social Security Administration. While women tend to outlive men, the average benefit received by women is 26% lower than the average benefit received by men.

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The Humane Society of the United States, HumaneSociety.org, maintains a comprehensive list of financial aid-related organizations that can help with pet costs. There are animal welfare organizations that can help out with vet bills, either with low-cost care, loans, or grants..How far will your 2013 COLA go? What other options do we have to address Social Security's solvency? Take TSCL's 2013 Senior Survey!."Many food companies decrease the size of their containers, while keeping the same price," Joe said in his comments about price increases that he's observed. "Cost increases get masked when container sizes shrink." For example, after last year's hurricanes, a major orange shortage nationwide led to shrinking orange juice bottles. "Brands that originally sold in 64 oz containers, downsized to 59 oz and then to 52 oz - a 20 percent reduction in what our orange juice money buys today," Joe says. … Continued

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Keep good records: If you already keep detailed records of your health expenses for tax or other reasons, good. If not, set up a bookkeeping sheet for all healthcare expenses, including items like dental and vision care that Medicare does not cover. Enter new costs as soon as you incur them, or at least monthly, so you don't miss any. Use these records at tax time to determine if you're entitled to a deduction.."House Democrats in the previous Congress, when they enjoyed a larger majority, passed H.R. 3 almost entirely along party lines. The legislation went nowhere in the Senate, which was then controlled by Republicans, and former President Donald Trump opposed the bill. But many Democrats campaigned on the bill last cycle, showcasing it as an example of what the party could achieve if it won full control of Washington.".Yet even a "limited approach" like this one could create huge new long-term costs for Social Security and Medicare. Citizenship is not a requirement to claim Social Security benefits. Work authorization, like the type under discussion in the House, is all that immigrants would need to at some point file claims. … Continued

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