Latest News
What can you do Now to Offset a Potentially Low COLA Increase?
With the COLA projected to be about 2.57%, which is lower than the 3.2% this year, here are some ways you can save money: create a budget, shop smarter, review your insurance needs, move to a cheaper state or downsize…
What Happens to your Social Security if you Remarry?
Seniors who are collecting Social Security and remarry may see impacts to their payments. If you are also collecting Supplemental Security Income the addition of your new spouse’s income may offset that benefit. If you are at least 60 when…
Uncertainty Around Social Security and Retirement Planning
Social Security plays a major role as part of retirement planning, however a new survey finds that their is a knowledge gap regarding information and planning across all generations. The gap is less within the baby boomer generation, but still…
Social Security Rules to help Make the Best “When to Claim” Decision
Although millions of people are receiving or about to receive Social Security benefits some rules are not as well known as others. These 3 in particular can affect your benefit amount: You have to work at least 35 years to…
New Legislation to be Applied to Social Security Clawbacks
The new bill was introduced on August 20th. It is called Protecting Americans from Social Security Clawbacks Act. If passed it would eliminate pay back of overpayments that are more than 3 years old, as long as fraud was not…
Social Security is a Primary Issue for Americans this November
Voting may be swayed by Social Security this November. There are many ideas of how to modify it. What do Harris and Trump say? Keith Speights for The Motley Fool explains here… Similar to many consulting organizations, the Association of…
Yearly Adjustments to Social Security
There are some standard built in changes that happen with Social Security every year: Benefits increase due to the COLA increases The amount needed to qualify for an earned credit increases The earnings limit, which is the amount you can…
Social Security: Beyond Retirement Benefits
Sometimes we forget that Social Security also provides survivor benefits for families. Tragically, when a young person dies and leaves young or disabled children the program helps support the family. Kathryn Anne Edwards for Bloomberg Opinion explains here…. The link provided…
H.R. 82 in the News…Sponsor Launches Discharge Petition
Shreveport-Times reports that Rep. Garret Graves (R-LA-6) has initiated action to take H.R. 82 (The Social Security Fairness Act of 2023 bill he introduced in January of 2023) to a floor vote. The Bill has been held in the House…
Social Security’s Over/Under Problem Hits a New Level
According to a post by moneywise reporter Chris Clark on finance.yahoo.com, Social Security’s cumulative tally of erroneous payments recently hit a milestone: $1 billion. The problem of incorrect payments is not new. It has been discussed in many media articles…