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The Valid Benefits Act, H.R. 3659
Rep. Greg Steube (R-FL) reintroduced the legislative bill Valid Benefits Act, H. R. 3659, that would direct Federal departments and agencies to verify eligibility for Federal benefits for individuals 105 years of age or older. The Department of Government Efficiency…
SSDI approval under Social Security
To be eligible for Social Security Disability Insurance (SSDI) benefits, you must have worked in jobs covered by Social Security and have a medical condition that meets Social Security’s strict definition of disability. The application process can be long and…
Another 2026 COLA prediction
With the start of the summer season, many financial experts are reviewing the inflation data to make an early prediction on the cost-of-living adjustment (COLA) for 2026. But, the only months that factor into the COLA calculation are those in…
Only the complex cases remain
The Social Security Administration has completed 87 percent of adjustments and retroactive payments to beneficiaries who were affected by the Windfall Elimination Provision and Government Pension Offset before the passage of the Social Security Fairness Act. The remaining beneficiaries with…
How prioritizing Social Security Fairness Act claims affects other claims
According to Social Security employees at several processing centers, because officials at Social Security have prioritized the remaining 900,000 complicated cases resulting from the Social Security Fairness Act, those claims are now at the top of their work list, causing…
When is the Medicare initial enrollment period?
Medicare initial enrollment period (IEP) occurs three months before your 65th birthday, the month of your 65th birthday, and the three months after your 65th birthday. You can enroll in Original Medicare, which includes Parts A and Part B. Once…
Turning retirement savings into regular income
Turning retirement savings into regular income continues to pose a challenge for retirees, according to Vanguard’s investment strategy group. The group examined information from 70,000 retirees who had been in an employer-sponsored 401(k) plan administrated by Vanguard for five years…
How can employers better prepare employees for retirement
A recent report from the TIAA Institute and the Global Financial Literacy Excellence Center found that over a quarter of millennials surveyed expect to live 30 or more years in retirement; however, their retirement savings are falling short. Employers can…
The disadvantages of claiming at 62
You can start receiving your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits only when you reach your full retirement age. There are advantages and disadvantages to taking your benefits before your…
Stop pretending that nothing is happening to Social Security
How important is Social Security to the American seniors? According to a recent survey from The Senior Citizens League, “67 percent of seniors said they rely on Social Security for more than half their income.” Among Social Security beneficiaries age…