People who work for government agencies sometimes receive a separate pension from Social Security benefits and when this occurs Social Security benefits can be reduced based on those pension amounts, especially for spouses. Below is an outline of how Social Security benefits can be offset by government pensions. A law that affects spouses and widows… Read more »
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Check The Accuracy Of Your Social Security Statement
Social Security provides income amounts, accumulated credits and estimates of benefits on statements issued to workers, but if you receive a statement and believe something just is not right, you should not just let it go because Social Security does make mistakes. A recent example was highlighted by a story in the Detroit Free Press…. Read more »
Student Earned Income Exclusion (SEIE)
The Student Earned Income Exclusion (SEIE) protects Supplemental Security Income (SSI) benefits for people who are under the age of 22 and attending school so that they can have some earnings which are not counted for the SSI technical rules that limit income and assets under eligibility rules. These rules are in place to try… Read more »
Reduced Benefits Due To Work And Capped Benefits
Work income can impact your Social Security retirement or disability, something many people do not realize. There are many different rules related to Social Security benefits, and below we touch on how work income impacts benefits and the maximum amount of the benefits a person can earn no matter how much they made when they… Read more »
Keeping Track Of The Social Security Retirement Age
The Social Security full retirement age has changed and will continue to change until it reaches to age 67 for all people born 1960 and later. This increase in the retirement age is not new legislation that was passed; it was actually passed decades ago when a bipartisan bill was passed to sure-up funding for… Read more »
The PROMISE Project
Social Security has developed PROMISE (Promoting Readiness Of Minors In SSI) the help children who receive Supplemental Security Income (SSI) program because they have physical, mental, intellectual or learning impairments. The joint project, with the Departments of Education, Labor, and Health and Human Services, promote positive outcomes for children who receive SSI and their families…. Read more »
The Biden Social Security Plan
Former Vice President Joe Biden wants to increase Social Security benefits, and according to a recent story from CNBC and he has a plan to do so if he becomes president. Below are some of the more important specifics of Biden’s plan. The plan calls for increasing payments to individuals who have been receiving Social… Read more »
The Formula Used In Determining Trial Work Periods
The term trial work period applies when a Social Security disability recipient works and earns a certain amount of income to supplement their disability benefits. The more a disability recipient works and earns the closer Social Security is going to look to see if that person can work at a full-time level, or close to… Read more »
How The Minimum Wage Increase Would Boost Social Security Benefits
Earlier this month the Democratically controlled U.S. House of Representatives passed the “Raise the Wage Act,” which calls for an increase of the federal minimum wage to $15 per hour by 2025. The current federal minimum wage is $7.25 and has not been increased in a decade. This bill has many obstacles, one is a… Read more »
How The Minimum Wage Increase Would Boost Social Security Benefits
Earlier this month the Democratically controlled U.S. House of Representatives passed the “Raise the Wage Act,” which calls for an increase of the federal minimum wage to $15 per hour by 2025. The current federal minimum wage is $7.25 and has not been increased in a decade. This bill has many obstacles, one is a… Read more »
