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Social Security 2022 – The Year In Review
Every year, Social Security changes several factors which set limits which may affect your benefits. Generally, the changes happen automatically as a result of changes to the rate of inflation or the national Average Wage Index as measured by the…
Social Security’s New Online Look
Social Security has upgraded their website to make it easier for those seeking information, or applying for their benefits. The new changes debuted on Tuesday, December 6th, revealing a much more aesthetically pleasing landing page, and quick access to functions…
Inaction on Social Security Reform Is Hurting Future Beneficiaries
The unfortunate truth is this: Social Security now takes in less money than it needs to pay monthly benefits, and full benefits are now still being paid only because of reserves held in Social Security’s Trust Funds. Problem is, those…
Plan to Claim Social Security at 62? That May Not Be a Smart Move
No question that age 62 is the most popular age at which to claim Social Security. After all, you’ve contributed to the program over your entire lifetime, so wanting to reap the rewards of those lifetime contributions as soon as…
Tips For Those Applying for Social Security in 2023
Deciding when to claim those Social Security benefits you’ve earned from a lifetime of working is, in and of itself, an important task. It’s a decision which should not be whimsically made, because it’s probably the most important financial decision…
The Difference Between the SSI and SSDI Disability Programs
There are two separate disability programs which are administered (in whole or in part) by the Social Security Administration, and they are: SSI (“Supplemental Security Income”) which is a means-tested program not dependent on Social Security work credits; and SSDI…
About Those Pesky Medicare TV Ads
If you have already tried to navigate America’s national healthcare program called Medicare, you are likely still fairly perplexed about all the different “Parts” and “Plans” which are available, and especially confused about which combination of “Parts” and “Plans” might…
A Nice Surprise about Your 2023 Medicare Part B Premium
In these days of higher prices for just about everything, those enrolled in Medicare are in for a nice surprise starting in 2023. Although Medicare Part A (for in-patient hospitalization services) is free to most, there is always a premium…
The Case for Waiting Until Age 70 to Claim Social Security
If you’re at or approaching your 62nd birthday when you first become eligible for Social Security benefits, age 70 probably seems like long away. But there’s a pretty big and unpleasant financial impact if you claim at age 62 –…
Be Careful if You Go Back to Work After Starting Social Security
It’s a trap that many an unsuspecting Social Security beneficiary has fallen into – the so-called Social Security “earnings test.” Many Americans simply don’t understand the rules, especially those that relate to working while collecting Social Security benefits, and that…