Social Security
Social Security is the top issue for voters
CNBC poll finds Americans rank Social Security as one of the top issues when determining who they will vote for this November. In the recent Nationwide Retirement Institute survey findings, respondents expressed the same sentiment on how Social Security will…
The latest COLA estimate
The Social Security Administration typically announces the COLA for the following year in October; however, that has not stopped financial and Social Security experts from weighing in on the percentage for 2025. The government released July’s Consumer Price Index for…
Happy 89th birthday, Social Security
Happy 89th birthday, Social Security. On August 14, 1935, the Social Security Act established a system of old-age benefits for workers, unemployment insurance, and aid for dependent mothers and children, persons who are blind, and persons with disabilities. Social Security…
How many Americans will rely solely on Social Security
Will Social Security alone provide you with enough income in your retirement? In a recently released report from NerdWallet, 30 percent of Americans said their Social Security benefits will provide enough money to live on during retirement. Alessandra Malito asks:…
Why retirement savings have stalled
Nearly nine out of ten people age 65 and older were receiving a Social Security benefit as of June 30, 2024. Among those beneficiaries age 65 and older, 12 percent of men and 15 percent of women rely on Social…
A record-breaking backlog
The Social Security Administration Office of the Inspector General reported the Social Security Administration is facing a “record-breaking backlog” of open cases leading to an estimated $1.1 billion in improper payments to beneficiaries. The SSA OIG report also noted the…
Increasing the wage base to save Social Security
Policy experts are debating the many options to resolve the issue of Social Security insolvency. Some strategies to fix Social Security include raising the full retirement age, changing the cost-of-living measure, and means-testing for benefits, along with the many other…
Social Security expands Compassionate Allowances list
(Source – blog.ssa.gov) Martin O’Malley, Commissioner of Social Security, today announced nine new Compassionate Allowances (CAL) conditions and revisions to two existing CAL conditions: Bainbridge-Ropers Syndrome, Costello Syndrome, Adult Heart Transplant Wait List – Status Levels 1-4, Child Heart Transplant…
Social Security changes in 2025
Social Security benefits are a steady source of income for retirees. However, like all things, the program changes annually. Although we will not know the exact changes until later this year, Maurie Backman outlines what areas of the Social Security…
Social Security Installs Private, Accessible Kiosks To Improve Customer Check-In Process
(Source – blog.ssa.gov) We’ve installed new kiosks in most of our local offices nationwide to make it easier than ever to check in and conduct Social Security business. Our new kiosks are private, easy to use without assistance, and provide…