Social Security
WEP and GPO
When a worker has a job that does not pay into Social Security, but pays into a pension intead, that person is affected by the Windfall Elmination Provision on their own benefits and the Government Pension Offset on their spouse/survivor…
Handling a Social Security Overpayment
There have been some recent changes to the way Social Security will handle an overpayment. The new rules are more customer service oriented. For example, instead of withholding your entire benefit amount, they will withhold 10%. Blake Stimac for CNET…
What can you do Now to Offset a Potentially Low COLA Increase?
With the COLA projected to be about 2.57%, which is lower than the 3.2% this year, here are some ways you can save money: create a budget, shop smarter, review your insurance needs, move to a cheaper state or downsize…
What Happens to your Social Security if you Remarry?
Seniors who are collecting Social Security and remarry may see impacts to their payments. If you are also collecting Supplemental Security Income the addition of your new spouse’s income may offset that benefit. If you are at least 60 when…
Uncertainty Around Social Security and Retirement Planning
Social Security plays a major role as part of retirement planning, however a new survey finds that their is a knowledge gap regarding information and planning across all generations. The gap is less within the baby boomer generation, but still…
Social Security Rules to help Make the Best “When to Claim” Decision
Although millions of people are receiving or about to receive Social Security benefits some rules are not as well known as others. These 3 in particular can affect your benefit amount: You have to work at least 35 years to…
New Legislation to be Applied to Social Security Clawbacks
The new bill was introduced on August 20th. It is called Protecting Americans from Social Security Clawbacks Act. If passed it would eliminate pay back of overpayments that are more than 3 years old, as long as fraud was not…
Presidential Hopefuls’ Perspectives on Social Security and Medicare
These two programs are important issues to consider when choosing how to vote. They are the income and health lifeline for many of our senior citizens. Read about it here… Similar to many consulting organizations, the Association of Mature American…
Social Security is a Primary Issue for Americans this November
Voting may be swayed by Social Security this November. There are many ideas of how to modify it. What do Harris and Trump say? Keith Speights for The Motley Fool explains here… Similar to many consulting organizations, the Association of…
Yearly Adjustments to Social Security
There are some standard built in changes that happen with Social Security every year: Benefits increase due to the COLA increases The amount needed to qualify for an earned credit increases The earnings limit, which is the amount you can…