Social Security
Is it worth delaying your Social Security benefits until age 70?
Age 70 is when you receive your maximum Social Security benefit. You become eligible as early as 62, but did you realize your Social Security benefit grows 76% between ages 62 and 70? If you are in good health, still…
Your Personal “my Social Security” Account
Think about this: how often do you check on your personal finances, for example, the amount of money in your savings account, or how your investment portfolio is doing? Chances are that the answer is – you check from time…
How the shutdown has impacted SSA
How is Social Security being impacted by the longest government shutdown in history? First, there are no widespread closures or disruptions to services. There were at least three offices around the nation that were closed, but for reasons not related…
Social Security changes for 2026
It’s that time of year again when the Social Security Administration announces the program changes for 2026. What are those changes? Among those changes is that Social Security recipients will receive a 2.8 percent increase in 2026. Stefon Walters, writing…
The maximum benefit in 2026
Along with the annual cost-of-living adjustment announcement, the Social Security Administration also released other program changes for 2026. Among the much-anticipated COLA amounts were the annual taxable earnings, the annual earnings test, and the maximum possible Social Security benefit for…
Will you lose all your COLA increase to Medicare?
On October 24th, the Social Security Administration announced a 2.8 percent cost-of-living adjustment. This announcement means that, on average, the monthly Social Security benefit will increase by $56. However, many people are awaiting the announcement of the Medicare Part B…
Should we change how COLA is calculate?
Social Security recipients will receive their 2.8 percent COLA increase in January; however, with the annual inflation rate of 3 percent, seniors are struggling to keep up with rising prices. Not only are seniors dissatisfied with the meager amount, but…
There’s a big change coming to Social Security work credits
You must earn a certain number of credits to be eligible for Social Security benefits. You can earn up to a maximum of 4 credits per year. The amount needed to earn 1 credit automatically increases each year when average…
Why only 8% wait until age 70
You can start receiving your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits only when you reach your full retirement age. If you delay taking your benefits from your full retirement age…
Taking the necessary steps to avoid mistakes in retirement
Your retirement is almost here. Your plans to play more golf, visit the grandchildren, and just enjoy your life now that you are no longer accountable to a time clock. But before you start to celebrate, you need to avoid…