seniors
Social Security changes that could affect your wallet.
When the Social Security Administration announced on October 10th that the cost-of-living adjustment (COLA) was to be 2.5 percent for 2025, unless you were already taking your Social Security benefits, you may have skipped over that news. However, along with…
What is the best age to begin your benefits?
According to a recent survey, 88 percent of retirees rely on Social Security to make ends meet. The same group said their benefits are a major source of income. So, how can you get the most from your benefits? First,…
What is the super catch-up?
Under the SECURE 2.0 Act of 2022, individuals aged 60-63 are eligible to participate in “super catch-up.” What is super catch-up? The super catch-up allows retirement savers to contribute an additional $11,250, on top of the standard $23,500 annual contribution…
Don’t fall into these traps when applying for benefits
Signing up for either Social Security or Medicare should not be so confusing. It is easy to fall into certain traps that could cost you thousands of dollars. Why? First, when you sign up for Medicare, you do so on…
Finding happiness in retirement
We all dream of having the best time in retirement, but what happens when the “euphoria” wears off? It does not matter how much money you have in your retirement savings; finding happiness is essential. Lou Carlozo reviews the five…
Where to live in retirement
GOBankingRates recently published a study on how far combined retirement savings of $750,000 and Social Security benefits would last in each region of the country. They considered housing markets, healthcare costs, and assorted living expenses in each area. To read…
Shortage of accessible homes for retirees
The baby boomers are facing a new retirement problem: affordable and accessible homes in which to age. In a recent study by Redfin, over three-quarters of all boomers plan to stay in their current homes. However, there are problems with…
Changes to Accessing Social Security In-Person Services
We are expanding appointment-based services at our local Social Security offices. By scheduling appointments, we aim to reduce wait times, streamline service delivery, and improve customer experience. Nearly 400 local offices have already moved to appointment-based service this year. These…
Alternatives to Social Security “Fearmongering”
by Jeannine Mancini for Benzinga on December 2, 2024 People tend to panic over headlines dramatically pointing out that Social Security is potentially running out of money. Instead of worrying about a worst-case scenario, how about focusing on making better…
Social Security Resources for Homeless People
The Social Security Administration is one of nineteen federal agencies which participates in the U.S. Interagency Council on Homelessness, whose mission is to prevent and end homelessness in America. Unfortunately, homelessness is a substantial problem in America affecting those in…