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How to Achieve Maximum Social Security Benefits
In this article by Stefon Walters for the Motley Fool the significance of the wage base limit is discussed. This is the highest income earned that pays Social Security taxes. For 2025, you will not pay Social Security tax if…
How to Advise Social Security of Any Life Changes
It’s important to advise Social Security if you have changes such as marriage, divorce, death of a spouse, adoption of a child. Your address, phone number or direct deposit information can be updated with your online account. For more information…
Different Views on how to Resolve Social Security Insolvency
In this editorial article for Camas-Washougal Post Record the writer explores potential scenarios depending on who wins the Presidential Election in November. Here… As an example of the leading thoughts on reforming Social Security, the Association of Mature American Citizens…
Amount Needed to Qualify for Social Security Credits Going up in 2025
Americans earn up to four credits per year to qualify for Social Security benefits in their later years. The 2024 amount is $1,730. In 2025 it will increase to $1,810. Those who work full time will not be affected by…
Why is Social Security an “off budget” program?
Social Security as well as a few other programs are excluded from the unified budget. Lawmakers devised this special accounting to wall off these programs. This gives them the ability to act with autonomy. This article from the TPC Briefing…
Federal Employee Viewpoint Surveys show Encouraging Results for the Social Security Administration
Increased participation in taking the 2024 FEVS and increases in some areas show improvements in employee views of the agency. Drew Freidman for Federal News Network explains here… Notice: The link provided above connects readers to the full content of the posted…
Social Security’s Efforts to Streamline Disability Applications
From application to determination for Social Security benefits is taking months. In addition, if an appeal is needed it can take years. Social Security Administration Commissioner Martin O’Malley is determined to make improvements. He will do this by hiring more…
COLA’s not Keeping Up with Increasing Costs
Since 2000, Social Security recipients have lost 36% of their buying power. Part of the reason is the way the COLA increases are calculated. The calculation is based on the spending habits of urban wage earners and clerical workers. Still,…
Importance of Checking your History of Paying into Social Security
Your earnings statement is available when you set up an account at ssa.gov. It’s important to check it periodically, looking for accuracy. Failing to do so could result in a lower benefit than you should be receiving. Your employer is…
How far will Your Retirement Savings go ?
The answer to this question would be different for everyone due to individual situations. This article by Nichole Spector for GoBankingRates takes a scenario of $750,000 in retirement savings plus Social Security and estimates how long that amount would last…