ADVISORY/Experts Available To Discuss 2.1 Percent Hike for Social Security Beneficiaries.Business Editors ADVISORY... --(BUSINESS WIRE) TOPIC: More than 51 million Social Security recipients will receive a 2.1 percent increase starting in January 2004, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an article by The Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. . The increase will provide an additional $19 per month for the average recipient. The annual adjustment is based on changes in consumer prices from the third quarter of 2002 through the third quarter of 2003. However, what retirees gain in Social Security will likely be lost due to a 13.5 percent increase in Medicare premiums, which is also scheduled for next year. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Ed Lombardi is an investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and and managing director with Centara Capital Management Group. He specializes in investment management, tax planning Tax planning Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer. , and long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. planning for investors age 55 and older. He has earned the Certified Senior Advisor In some countries, a Senior Advisor is an appointed position by the Head of State to advise on the highest levels of national and government policy. Sometimes a junior position to this is called a National Policy Advisor. designation from the Society of Certified Senior Advisors, a group founded in 1996 by forward-looking geriatric MDs, gerontologists, attorneys, CPAs, and financial planners. He is the author of several publications for seniors advising on such issues as reducing taxes on social security payments and pitfalls to avoid when choosing long-term care policies or mutual funds. Ed has helped seniors cut taxes by as much as 50%, avoid taxes on social security income, reduce estate taxes, and protect estate values. His clients include retired government employees, teachers, physicians and business executives, as well as those approaching retirement. 619-209-6170 elombardi@centaracapital.com Professor Theodore R. Marmor, of Yale University, can share his expertise concerning public policy, health care reform and Social Security. 203-432-3238 203-432-4771 (University PR Phone) Professor Jonathan Gruber, of the Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, , Department of Economics, is the author of more than 50 published papers. His research spans a variety of topics in both health economics and public economics, including: public health insurance programs (Medicare and Medicaid Medicare and Medicaid U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care. ) and their impacts on health and well being, as well as Social Security and retirement issues. 617-253-8892 617-253-1000 (University PR Phone) ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/. |
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