Tag: Social Security

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Do these three things to get $4,194 in maximum social security payments every month

The average social security recipient gets around $1,565 per month, and will soon get an additional $92. The current maximum amount received in $3,895. Once the 5.9% COLA increase goes into effect, the maximum amount with break the $4,000 mark and be ... MORE
COLA, News, Social Security, SSI
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Do you need the COVID-19 vaccine to qualify for social security?

Recently someone left a comment on a TikTok that stated people who “don’t comply” with getting the COVID-19 vaccine that are on social security, they will not be able to get their money. Facebook has been working hard in an attempt to ... MORE
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Can stimulus checks or Child Tax Credits impact social security payments?

Any emergency assistance provided throughout the pandemic will not impact social security benefits. It will not change eligibility either. To put beneficiaries at ease, the Social Security Administration has listed everything considered financial assistance that would not change payments or eligibility for ... MORE
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This new bill would change how COLA is decided and get rid of Windfall Elimination Provision

A bill called Social Security 2100: A Sacred Trust, would adjust the formula used to determine COLA and get rid of the Windfall Elimination Provision. Current and new claimants would also see an increase in money. Congressman John Larson plans to introduce ... MORE
COLA, News, Social Security, SSI
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Five changes are coming for Social Security in January, especially for retired and disabled Americans

Supplemental Security Income, or SSI, is something collected by millions of Americans as a source of income when they’re retired or disabled. Five major changes are coming in 2022. Statistically speaking, 33% of income for the elderly population is SSI, so these ... MORE
News, Social Security, SSDI, SSI
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The COLA increase is good for retirees today, but bad for future retirees and anyone claiming social security

64 million claimants will be getting a huge increase in their social security in 2022. On average a person will see $92 more dollars per month. Those collecting SSDI will see an additional $76 per month. This is the highest increase since ... MORE
COLA, News, Social Security, SSI
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Does marriage change social security income eligibility or amount?

Social security income is provided to disabled and low-income seniors, and being married can change that. If two spouses both qualify for SSI, there’s what’s called a “maximum couple’s benefit” which is less than if both people got individual checks. If one ... MORE
News, Social Security, SSI
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If you get social security are you getting a fourth stimulus check?

A group of advocates that want to help senior citizens is asking Congress to approve a fourth stimulus check for social security recipients. While the recent increase of COLA was announced at 5.9%, the struggle to make ends meet as inflation only ... MORE
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How much will a person really get after Social Security COLA increase?

This January over 70 million social security recipients will benefit from a 5.9% raise for their cost of living adjustment. On average a recipient will get $92 more dollars a month. The issue is that inflation is expected to keep going up ... MORE
COLA, News, Social Security, SSI
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COLA had a major boost of 5.9% for 2022, but inflation and Medicare continue to rise, making little difference

The latest increase for Social Security recipients is 5.9%, one of the biggest in recent history. It will give beneficiaries on average an extra $92 per month. While this is good news, it makes up for inflation that senior citizens have had ... MORE
COLA, News, Social Security, SSI
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Big COLA increase likely again for seniors next year: Can Social Security afford it though?

On Wednesday the Social Security Administration announced a major Cost of Living Adjustment. In fact, the increase was the largest in the last 40 years. Now, experts are already signaling another major increase for 2022. The annual Cost Of Living Adjustment, or ... MORE
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Seniors Social Security payments will increase $92 per month after 5.9% COLA increase

Social Security will get a 5.9% Cost of Living Adjustment for 2022. The $92 per month adjustment will be the biggest increase to Social Security benefits in 39 years. It’s all due to inflation, which saw major increases over the last 8 ... MORE
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COLA is officially announced for Social Security at 5.9%, effective 2022

On Oct. 13 the Social Security Administration announced the increase in benefits for social security would be 5.9% come Jan. 2022. This is the largest increase since 1983 when the COLA was increased by 7.4%. The adjustment done is by looking at ... MORE
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COLA could be revealed this week by Social Security Administration, how much more money will you get?

COLA is the cost of living adjustment that is made to social security recipients every year to make sure people receive enough after inflation. The increase is decided on using data provided by the Consumer Price Index for Urban Wage Earners and ... MORE
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Social security checks are in danger of being cut if you have other income from retirement

A formula exists in the world of Social Security called the WEP, or Windfall Elimination Provision. The formula can cut your checks by hundreds of dollars. The formula impacts those who retire and receive an extra pension from a non-covered job. This ... MORE
News, Social Security, SSI