Social Security
The Social Security Fairness Act may take up to a year to implement
The Social Security Administration has taken several steps to tell people what it is doing to implement the Social Security Fairness Act and to provide important updates; however, it may be up to a year or longer to adjust benefits…
Will you qualify for back payments under the Social Security Fairness Act?
The Social Security Fairness Act signed into law on January 5th, ended the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). These provisions reduced or eliminated the Social Security benefits of over 3.2 million people who receive a pension…
Not just retirees who are impacted by Social Security changes
Although the yearly announcement from Social Security on the upcoming changes is aimed at retirees, those still working need to be aware of those changes as well. Why? Maurie Backman explains the two new rules for 2025 that could affect…
Prices might be rising faster than the Social Security COLA
In 2025, the Social Security cost-of-living adjustment was 2.5 percent; however, the cost of living is still high. On a national average, a single person would need $2,099 per month without a mortgage to cover housing, food, transportation, health care,…
Ask Rusty – About Social Security Benefits for Someone with Multiple Ex-spouses
Dear Rusty: If a financially well-off individual had multiple ex-spouses, could it happen that the multiple ex-spouses could each be collecting Social Security based on their own financial situation as compared to their rich ex-spouses? Thus, multiple payouts by SS?…
“Ask Rusty- Clarification of Medicare, IRMAA and MAGI”
Dear Rusty: I am confused by an article in my local newspaper which said that “MAGI” (modified adjusted gross income), on which my Medicare Part B premium is based, is my Adjusted Gross Income, plus any non-taxable interest, plus 50%…
A Look Back in Time: Comparison of Social Security Benefits in 1974 and 2024
Stefon Walters for The Motley Fool provides a look at how Social Security has increased over the years. He also mentions the difference in the cost of goods between then and now. Read here… The link provided above connects readers to…
Identity Theft Awareness Week – January 27-31
The Social Security Administration is providing two webinars during the week to help you learn how to protect yourself from ID Theft. Attendance is free. Along with information on avoiding identity theft you will also hear about free tools and…
Social Security Overpayments to Deceased Individuals
Social Security has begun a campaign to collect repayment from family members of deceased persons. These overpayments are rare but do occur because of delays in death notifications, errors in record updates and automatic deposits. Gabriela Leon for MSN explains…
An Analysis of the Future Potential Result of the Passage of HR82
The repeal of the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) made the headlines at the end of 2024. So what happens next? How will the repeal affect Social Security Solvency? Will there be some corrective tax…