Latest News
More on the Perils of Filing Early
Today’s headline post on this site explains the impact of the age 67 FRA for filers turning 62 this year, noting the potential for a 30% “discount” on the monthly benefit. A post later in the day from marca.com adds…
The Benefits of SSA’s New Statement Format
Nate Gartrell, in a post on theeastcountygazette.com, offers commentary on the importance of regularly examines the information presented in the Social Security Statements issued by SSA. His article points out the improvements made in the new format, and how they…
Sen. Warren: SSI Reform Needed, Advocates for SSI Restoration Act
Sen. Elizabeth Warren (D-Mass.), during a recent Special Committee on Aging, advocated for passage of S. 2065 (Supplemental Security Income Restoration Act of 2021) introduced last June by Sen. Sherrod Brown (D-Ohio), suggesting that “No matter which avenue SSI recipients…
Social Security’s Average Monthly Benefit…Understanding How it Relates to You
Many folks tend to look at the published figure that represents the average monthly benefit paid by Social Security and wonder how it relates to their situation. In this post today on the Waco Tribune-Herald, The Motley Fool’s Christy Bieber…
Reminder: Your Social Security Check Is Likely to Change This Month
The Motley Fool’s Christy Bieber, in a post today on tulsaworld.com, highlights the point that many–maybe most–Social Security beneficiaries will see their monthly payment amounts change this month. As she explains, the changes will come from two areas…the application of…
Attention Women: Retirement Planning is Taking on More and More Importance
Retirement planning–especially the financial details associated with it–is growing in importance for everyone, and particularly for women. Investment Advisor, Stacia Williams in a post today on Kiplinger.com, stresses this point, focusing in part on the nuances of claiming Social Security benefits.…
A Quick Look at the Rules for the Divorced
Divorced individuals need to be aware of the rules governing the availability of Social Security benefits available to them, especially since not fully understanding the details could lead to missing out on substantial payments. For example, many folks are not…
Military Service and Increased Social Security Benefits
(Source – blog.ssa.gov) A misleading letter, from an unknown source, is circulating online that mentions a $1,200 special Social Security earnings credit for people who served in the military. We want to make sure veterans with active and inactive service…
It’s important to keep tabs on Social Security changes
“The only constant in life is change”-Heraclitus. Almost every year, the Social Security program is updated to reflect changes such as cost-of-living adjustments, earnings limit, and wage cap, to name a few. So, what are the specific changes you need…
How FRA is changing if you’re turning 66 in 2022
Are you turning 66 this year; do you plan on filing for your Social Security benefits on your birthday? If so, there is something important you should know that could affect the amount of income you get each month for…