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Social Security Changes in 2021
It’s that time of the year again, when Social Security publishes its new guidelines for the forthcoming year. Most beneficiaries know that a Cost of Living Adjustment (COLA) occurs each year, but there are also some other changes which can affect you. These include those changes associated with the National Average Wage index, such as how much you can earn while collecting benefits before your full retirement age. Fortunately, much of what you may want to know - including what your 2021 benefit amount will be - can be found by accessing your personal online Social Security account at www.ssa.gov/myaccount. And if you don’t yet have an online SS account, now is an excellent time to create one, as described in this article appearing at Colorado’s My Prime Time News publication. Click here to read more.
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.