In an effort to reduce identity fraud a group of financial institutions selected by the Social Security Administration will participate in a new electronic consent based Social Security verification service beginning January 2020. Social Security will study how well the new service operates before deciding to expand the service. Below is a news release from… Read more »
Blog
How To Estimate Your Benefits
Understanding what your Social Security benefits may look like years or even decades down the road can be difficult to determine, but Social Security has put together an estimator, especially for retirement benefits so people can estimate what their monthly statement might look like when they stop working. Below is Social Security’s outline of how… Read more »
A Look At Social Security Plans Of Democratic Contenders
President Donald Trump has not released nor even spoken of any future plans for Social Security with the exception that he has insisted that he is not in favor of cutting Social Security benefits, but has also not offered any ideas on ways to solve Social Security’s funding problem. Although Trump has not offered any… Read more »
It’s Official COLA Will Be 1.6 Percent In 2020
Social Security announced that the benefit cost-of-living adjustment (COLA) increase will be 1.6 percent in 2020, the lowest increase since 2017 when it was just 0.3 percent. This increase will impact nearly 69 million Americans who receive Social Security benefits or Supplemental Security Income (SSI). Benefit payments should reflect the COLA increase beginning in January…. Read more »
Senate Wants To Cut Social Security Operations Budget
Recently we have been seeing a lot of proposals about increasing Social Security benefits and an effort to provide more funding for the operations of Social Security, but we are now seeing the Republicans in the U.S. Senate push back in an effort to limit Social Security’s operating budget. On October 7, 2019, the Center… Read more »
COLA Announcement Expected Oct. 10
USA Today has reported that the annual Social Security cost-of-living adjustment is expected by Oct. 10, but the news is not expected to be all that encouraging. More than 60 million Social Security beneficiaries pay pretty close attention to the COLA announcement each year, and with the announcement just a few days away, there is… Read more »
Legal Trouble And Social Security
It is not uncommon for some people who file for Social Security disability to have legal troubles in the past. Social Security disability is not for people who only suffer from physical impairments, but also mental health impairments. These impairments can consist of personality disorders, mood disorders and intellectual limitations, which sometimes contribute to trouble… Read more »
An Update On The Disability Trust Fund
A few years ago we talked a lot about Social Security running out of money and not being able to pay full benefits to beneficiaries in just a couple of decades. By no means is Social Security out of the woods, but the disability trust fund is doing much better than it was four years… Read more »
The Latest With Social Security
We realize it may be a stretch for ordinary people to want to keep up with the comings and goings of the Social Security Administration, but sometimes circumstances permit where someone does want to follow the latest news regarding the agency due to a possible retirement or disability interest. This blog is an ongoing piecemeal… Read more »
The Spousal Retirement Benefit
Some spouses worry about qualifying for Social Security retirement benefits because maybe they had not worked long enough to develop the necessary credits for their own Social Security retirement benefits. To protect spouses who fall into this category, many spouses can receive benefits based on their spouse’s earnings. Below is a description from Social Security… Read more »
