Tag: Social Security

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SSI approval rates are less than 33%, so how do you get approved?

SSI is a disability program for Americans with low income and health issues that prevent them from working, but approval odds are low. SSI stands for Supplemental Security Income, and is one of many Social Security programs runs by the Administration. The ... MORE
News, Social Security, SSI
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Get ready for bigger Social Security checks in 2023

In 2022, Social Security recipients saw their checks increase by 5.9%, one of the biggest COLA increases in recent history. This boosted monthly payments by an average of $92 per month. Now, as inflation shows no signs of slowing, it’s predicted that ... MORE
COLA, News, Social Security
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Should I collect Social Security benefits before I turn 70?

Millions of Americans collect Social Security benefits, but the age you retire has a direct impact on the amount you’ll receive. Retiring as early as you can at age 62 could cost you up to 30% of your overall benefits. Retiring at ... MORE
News, Social Security
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COLA increase for Social Security in 2023 may rise to 8% as inflation continues

Social Security recipients receiving benefits may see a major increase in benefits for 2023 with the COLA increase estimated to be around 8%. An official with Social Security shared that the COLA will be closer to 8% due to the rate of ... MORE
COLA, News, Social Security
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Social Security: Are my benefits taxable?

Almost 9 out of 10 people over 65 receive Social Security benefits. Here, we’ll explain the taxability of your benefits. IRS under fire as GOP demands answers for destroying 30 million paper documents; millions still awaiting tax refunds, here’s how NOT to ... MORE
News, Social Security
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Social Security: You could lose your benefits if you didn’t report your marriage

If you are getting married or remarried, be sure to report it to the Social Security Administration. Changes in your name and/or address should be reported as well. Did stimulus checks ruin the economy? Stimulus payments have caused many issues with Americans, ... MORE
News, Social Security
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Is Social Security really unable to pay full benefits in 2035? It could actually expand in the long run as COLA increases happen in the short term

Following the report released by Social Security trustees, many Americans became worried Social Security benefits would be depleted as COLA increases and inflation rise. The real data shows that funds wouldn’t be depleted, but benefits would be cut back. This means in ... MORE
COLA, News, Social Security
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Social Security outlook improves, but where does it stand? A look at projections for the future and the 2023 COLA

Social Security benefits have been a major concern for those waiting to claim, with a poor outlook. The COLA increase for 2023 has also been of major interest. The economy was expected to take a much bigger hit than it actually did ... MORE
News, Social Security
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Report all major changes to the Social Security Administration to avoid losing any benefits

Social Security benefits are confusing, and the SSA hasn’t made getting help easy, so remember to report any sort of change immediately or risk losing your benefits. Data was recently shared by Allsup, which helps people applying for SSDI benefits. The data ... MORE
News, Social Security
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SSDI is one of the most confusing Social Security benefits for Americans; application wait times cause stress

SSDI is one benefit program offered under the Social Security umbrella, and it turns out to be confusing for Americans who may qualify. There are various programs offered, including Social Security retirement, SSI, and even a program called the Ticket to Work ... MORE
News, Social Security, SSDI
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Ways you could lose Social Security benefits, as well as a potential 20% cut in the future

The Social Security Administration has been under fire lately with many issues, and there are ways people could lose benefits. Worse, the SSA is facing the issue of depleted funds. Those retiring in 2035 or after could see almost 20% less in ... MORE
News, Social Security
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Social Security: What are the types of benefits that are paid out?

There are four categories of Social Security payments: retirement, disability, dependents, and survivors benefits. What are the differences, and which benefits are available to me? IRS: Final deadline to file your tax return is coming up What are the different types of ... MORE
News, Social Security
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Social Security program is confusing for applicants, especially regarding COLA

People who collect Social Security benefits have been planning it out their entire lives, so they should know basic facts and about the COLA increase. There are little things to know, and a recent poll done by MassMutual showed 65% of people ... MORE
News, Social Security
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Social Security will no longer run out of funding in 2034, they’re projected to in 2035 instead

Americans plan for their retirement their entire lives, and many work hard to earn as much as possible for bigger Social Security benefits. COLA increases and depleted funds are important to know about. Unfortunately, many people paying into the Social Security system ... MORE
News, Social Security
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Can you claim Social Security and SSDI at the same time?

With inflation at an all time high, retiree’s are trying to collect as many benefits as possible. Can you claim both Social Security and SSDI at the same time? Monkeypox is spreading in major U.S. cities; look for symptoms and protect yourself ... MORE
News, Social Security, SSDI
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Social Security Inspector General under fire; fines worth up to $435,000 given to poor, disabled Americans

It may come as no surprise that the Social Security Inspector General has come under fire following the fines given to poor, disabled, and elderly Americans. In many cases these fines were worth far more than the amount of money recipients collected ... MORE
News, Social Security
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What you should know about Social Security as women or same sex couples

Social Security can be hard to navigate for many Americans, especially as a woman or if you’re in a same sex couple. Social Security can be hard for anyone to navigate. There are different rules for different things, and various factors that ... MORE
News, Social Security
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If I get Social Security benefits can I still sign up for Medicare?

Americans can sign up for Medicare after they turn 65. By that time, it is likely that they are already getting Social Security benefits. Can I collect SSDI and still work? Can I receive both? If you already receive Social Security benefits, ... MORE