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Social Security in 2023–Knowing the What’s Changing (and What’s Not Changing)
By now, just about everybody involved in Social Security knows that benefits are changing to the tune if 8.7% in January. There are also two other key parameters that are changing in the coming year: the ceiling on earnings subject…
Key Social Security Unknowns (Unfortunately)
There are several key Social Security parameters that govern an effective claiming strategy, but unfortunately many of them remain unknown to a large portion of those aging into eligibility. For example, as discussed in an article by gobankingrates.com, nearly 40%…
Advice Regarding Social Security Scammers
Although it’s more than a seasonal situation, the Social Security Administration’s (SSA) Vonda Van Til starts off the festive month of December with a refresher on how one can guard against falling prey to the ubiquitous scourge of swindlers operating…
Retirement advice for 2023
Liz Weston, a financial advice columnist, says, “Retiring into a bear market makes it more likely you’ll run short of money over the long haul.” Yes, there will be challenges if you retire in 2023, but it’s not to say…
How to spot imposter scams
As we enter the season of giving, we are also entering the season of imposters and scammers. The Social Security’s Office of the Inspector General has received reports of scammers creating fake identification badges and using them to “prove” that…
A guide to your monthly benefits
Approximately 70 million Americans will see an 8.7 percent increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2023. Those individuals on Supplemental Security Income will get their first increased check in December. Katie Teague created…
Be aware of these changes to Social Security
There are changes coming to Social Security in 2023. Every year, Social Security undergoes some minor changes, and depending on your situation, they can be either positive or not. Even though you are not receiving Social Security benefits, you should…
Social Security benefits for children
Within a family, a child can receive up to half of the parent’s full retirement or disability benefits. If a child receives survivor benefits, they can get up to 75 percent of the deceased parent’s basic Social Security benefit. There…
When can I see my cost of living adjustment for 2023?
Do you want to know how much your Social Security benefit will be next year in December? You can; if you did this one step before November 15th; if not, you will need to wait for Social Security to mail…
How to achieve the maximum benefit amount
The maximum monthly Social Security check in 2023 will be $4,555 or $54,660 year. So, what do you need to do to receive the maximum Social Security benefit amount? There are three steps pre-retirees need to take to claim the…