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The risk of running out of money
Inflation is putting “more retirees at risk of running out of money,” according to a recent study published by Boston College. Who will be seeing this risk? Is it the wealthy retirees or the less-than-wealthy retirees? The less wealthy retirees…
Should you go back to work if your Social Security benefits aren’t keeping up?
When Social Security recipients were asked in a recent survey if the most recent COLA increase was sufficient, 62 percent of respondents said no, and 44 percent said they were considering returning to work to boost their income because their…
Good news and bad news for retirees
What will the 2025 COLA be? We will not know until mid-October when the Social Security Administration releases the amount based on this year’s third-quarter inflation figures compared to the previous year’s. However, that has not stopped experts from estimating…
Social Security Spouse Benefits
Are you wondering when is the best time for your spouse to claim benefits? This can be a complex decision. Generally, spouse benefits are available if 100% of the lower earning spouse’s Full Retirement Age benefit is less than 50%…
Increased COLA Percentages in the Future?
There is a possibility of changing the way Cost of Living Adjustments are calculated in the future. It would depend on lawmakers agreeing to use a different method – relying on the Consumer Price Index for the Elderly (CPI-E) instead…
Are you Collecting Social Security benefits early and Still Working? You need to Know About the Retirement Earnings Test!
Many retirees who are under Full Retirement Age, getting benefits and still working do not understand how the Retirement Earnings Test works. If you earn over the limit ($22,320.00 in 2024) Social Security will take back $1.00 for every $2.00…
Can you Collect Social Security Benefits when you live in Another Country?
For the most part, the answer is yes. There are a handful of countries that are the exception. The number of Americans collecting Social Security benefits from overseas has risen rapidly in the last few years. Lower costs for housing…
Ways to Safeguard your Social Security Account against Scammers
When someone uses your personal information for their own benefit identity theft has occurred. Josh Weller, Social Security Public Affairs Specialist in Denver CO, explains how to avoid this situation in this article published by The Sundance Times on July…
Making the Social Security Disability process easier
The agency recently made changes to the disability application process for both programs it administers: Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). Updates will improve the application process and take less time for applicants to receive a…
When to Claim Social Security Benefits
Is it better to claim early at age 62 or wait until your maximum benefit at 70? There is no one size fits all answer. It depends on your own individual situation. The Mecury’s writer Janet Colliton gives some helpful…