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Changes to Social Security by 2020
With over 64% of beneficiaries depending upon their monthly benefit check to provide at least 50% of their retirement income, there’s little doubt that Social Security is probably the most important social program in America. But even though it has been a solid rock of support for more than 75 years, the program isn’t static and changes as the economy evolves. This Motley Fool article by Sean Williams describes five changes to the Social Security program that are predicted by the author to happen by 2020, Click here to read more.
when will you send out the notices for change for 2020
Mike:
The “official” information regarding 2020 Social Security and Medicare changes would need to come from the Social Security Administration (ssa.gov) and Medicare (cms.gov) offices, respectively. I’ve attached two pieces of publicly-available information addressing parameters for the coming year that may be helpful for you. These are links to articles available on the public internet: https://www.ssa.gov/news/press/factsheets/colafacts2020.pdf and https://www.fool.com/retirement/2019/10/20/7-changes-to-social-security-in-2020.aspx.
If we can be any further assistance, please contact us at your convenience.
Gerry Hafer
AMAC Foundation, Inc.
www.AmacFoundation.org