Page 14 - NBY News - May 2019
P. 14
HERE HELP FOR 85+
HERE H HELPELP FORFOR 85+ 85+
I I I I ISS SS S T T T T THEREHERE H HELPELP FORFOR 85+ 85+
HERE
Canyon Villas
How We Can Help The Oldest average monthly retiree benefit in 2018 —
Retirees? about $1,400. That would boost monthly Active Retirement Living
As more people live to very old ages, benefits everyone age 85 and up by $70
they face financial risks for which many ($840) for the year. SENIOR APARTMENTS IN CANYON COUNTRY
people may be unprepared. Poverty Th e Senior Citizens League (TSCL)
rates increase with age, from 7.9% for strongly agrees retirees age 85 and up are
$1020
new in particular need of such a benefit 1 BEDROOM, 1 BATH starting from $790
retirees, to boost. Ongoing studies by TSCL
12.1% for have found that people retired for
those, age more than 18 years have lost 34% of Largest recreation center in the Valley • Lots of fun activities
85 and the buying power of their Social Gated community • Lush landscaping & ponds • Swimming pool
older. Security benefits since 2000. In Free transportation • Great location • Walk to shopping & dining
High out- particular, our research indicates that HUD/Section 8 Welcome...
of-pocket $70 per
medical month
costs, a decline in the cognitive ability to would be a Call for information on waiting list
handle finances, and the loss of a spouse very (661) 298-1154 or (800) 698-8788
or aging alone, are three common risks modest
for retirees 85 and older. At the same remedy, 27850 Solamint Rd., Canyon Country
time, income from savings (if there is considering
buy fresh produce all year
buy fresh produce all year
buy fresh produce all year
buy fresh produce all year
any) may be less reliable. that an buy fresh produce all year
Many Members of Congress and policy average
experts agree that improving Social Social Security benefit in 2000 of $816 per
Security benefits would help retirees in month only increased to $1,193 by 2018. The Orange Farmers and
this age group avoid falling into Our study found that, to keep up with Here are two locations. One in Artisans Market is held every
poverty. A proposal that has been rising costs, the average benefit would Orange County and one in Los Saturday from 9am to 1pm at
widely considered would introduce a need to have increased to $1,602 just to Angeles County.
targeted benefit boost at age 85. maintain the same level of buying power If you want your location 304 N. Cypress Street, Orange, CA
Policy experts have suggested several as 2000. A $70 per month boost would be published, please send inquiry to 92866. Find more details on
nbynews@juno.com
ways to target benefits to those 85 and a strong first step in the right direction to website www.orangehomegrown.org
over. Here are two of them: strengthening retirement security for the
Increase benefits by 5% for all retirees oldest Americans. The cost of such a boost The Farmers Market at Mt. SAC
age 85 and over in 2019. This means if could be paid for by lifting the taxable is held on Saturdays from 8AM -
you are 86 and your monthly benefit, for maximum wage cap and applying the 2PM on Parking Lot B, 1100 N
example, is currently $1,200, you would Social Security payroll tax to more, or
get a boost of $60.00 a month. If your even all, earnings. Grand Ave in Walnut, CA Rain or
benefit were higher, say, $1,800, you Shine, sponsored by the Regional
would get a boost of $90.00 a month. Source: “Modernizing Social Security: Chamber of Commerce San
The second way is to increase benefits Helping the Oldest Old,” Alicia H.
by the same dollar amount for Munnell and Andrew D. Eschtruth, Center Gabriel Valley.
everybody age 85 and up. For example, for Retirement Research at Boston 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456789012 12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345678901 2
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the increase in 2019 would be 5% of the College, October 2018. 12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345678901 2 2
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12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345678901 SUBSCRIPTION BLANK 2 2 2 2 2 2
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RENEWAL $16 per year NEW 2 2 2 2 2 2 2 2 2
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12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345678901 NAME 2 2 2 2 2 2 2 2 2 2 2
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12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345678901 ADDRESS 2 2 2 2 2 2 2 2
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12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345678901 CITY STATE ZIP + 4 2 2 2 2 2 2 2 2 2
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EMAIL ADDRESS 2 2 2 2 2 2 2 2 2
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PHONE NUMBER Month, Day & Year of Birth 2 2 2 2 2 2 2 2
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12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345678901 Make check payable to Senior Industry Professionals, Inc. 2 2 2 2
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12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345678901 Mail to P.O. Box 722, Brea, CA 92822 [2019] 2 2 2 2
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14 May 2019
