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Social Security Administration Releases 2019 Research Data
The Social Security Administration’s Office of Retirement and Disability Policy last evening released its annual set of fact sheets providing statistics on the Social Security and Supplemental Security Income programs for 2019. The tables provided via the release show the number…
The COVID-19 Impact on Social Security
Beyond the financial consequences being absorbed by Social Security’s Trust Funds, there are several other ways that seniors could be affected by the fallout from the coronavirus pandemic. The Motley Fool’s Christy Bieber, in a post on their website, outlines these…
Guarding Against the Potential for Insolvency-Driven Social Security Cuts
It should be no secret to anyone that Social Security is in a gradual descent toward insolvency. After all, for years now the annual Social Security Trustees Report has sounded the alarm, and many news reports have hyped the problem…
Stimulus Update: Decoding the Messages Associated with the the “Get My Payment tool”
People anxious to determine the whereabouts of their economic impact (stimulus) payment have reported some confusion with a frequently received ‘Payment status not available’ message. CNN’s Katie Lobosco, in a post on www.kmov.com, sheds some light on what this cryptic message might actually…
More Details on “Stimulus” Eligibility and Payment Scheduling
It’s fair to say that there has been quite a bit of confusion surrounding the schedule for distribution of the Economic Impact (“Stimulus”) Payments, and according to The Motley Fool’s Sean Williams and the IRS, to-date only about half of the…
Stimulus Payments: Who’s Not Eligible?
An article posted on the Lowell Sun by reporter Aaron Curtis takes a look at the issue of who does not receive a check from the economic impact payment (stimulus) program implemented as part of the CARES Act. Curtis’ article focuses on the…
Three Important Things for SS Recipients to Know About Your Economic Relief Payment
Perhaps you’re one of the lucky ones who have already received your stimulus payment, and are now wondering if it will be considered taxable income. Or maybe you got your individual payment but didn’t get a payment for your qualifying…
More About Stimulus Payments for Seniors
There’s no question that information about stimulus payments, even that from the IRS and the Department of Treasury, has sometimes been conflicting and contradictory. That’s probably understandable, considering that economic relief payments are going out to about 150 million Americans,…
Answers to Stimulus Payment Questions
Seems like no matter how many articles are posted, and how many answers are given about the Economic Relief Payments (A.K.A. “Stimulus Payments”) the questions keep rolling in everywhere. Although both the IRS and the Social Security Administration maintain special…
Stimulus Payments: A Quick Reference Guide for SS and SSI recipients
The Social Security Administration has developed a guide to help beneficiaries of Social Security benefits (retirement, disability or survivors), and Supplemental Security Income (SSI) recipients determine if they need to take any action to receive their economic relief (stimulus) payment…