Latest News
Looking Ahead to Social Security in 2021
By now, all who follow what’s going on in the world of Social Security are aware that beneficiaries are in line for a whopping 1.3% increase in their monthly payment. But that’s not all that’s changing for the coming year. For example, the full retirement age (FRA) is moving up another two months, and the cap on wages subject to payroll tax is increasing by 3.7% to $142,800. And that’s not all that’s changing…the good folks at The Motley Fool, in a post on www.foxbusiness.com, provide a rundown of seven of the changes that affect many taxpayers and beneficiaries. Check it out here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.