Category: Social Security Changes in 2021

Does Long COVID Could Qualify as a Disability Under the American Disabilities Act?

On July 26, President Biden announced that long COVID could soon qualify as a disability under the Americans with Disabilities Act (ADA). This new designation would allow people with long COVID to access federal resources and protections. What the ADA

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2034: The Year Social Security Disability Benefits Get Cut | Part 2

Social Security has two programs, one for retirees and another that provides disability benefits. The government said the Old-Age and Survivors Insurance Trust Fund will become unable to pay full benefits starting in 2033, a year earlier than projected last

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2034: The Year Social Security Disability Benfits Get Cut | Part 1

2034 is looking to be a bad year for Social Security. It is the year Social Security‚Äôs trust funds will become unable to pay full benefits according to it’s trustees in the most recent estimate. The clock is ticking for

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What Can Retirees Do About The Shortfall?

Retirees don’t have control over inflation, or over how much of a Social Security benefits increase they get. Doing some part-time work to pick up the slack may be an option (just be aware of the possible effect working could

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Why Are Retirees Losing Ground When It Comes To Social Security Benefits?

“COLA” “COLA” “COLA.” Anyone following the continuous developing news about the future of Social Security in the United States knows this word all too well. So what’s the problem exactly? The problem is COLAs aren’t keeping pace with the cost

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Social Security Retirement Benefits Are Rapidly Losing Value: Preparation Is Inevitable

As mentioned in a previous post, the buying power of Social Security benefits has been declining for decades, but retirees took an especially big hit last year. With the recent recent survey conducted by the Senior Citizens League, 63% of

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Why Retirees Are Losing Ground on Social Security

The Senior Citizens League has recently issued a report outlining some scary discrepancies in today’s current Social Security system. The new data displays a significant differences in retirees’ expenses increase and their periodic raises. These differences are not going to

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Recalculating COLA: Help With Rising Living Costs

The cost of living adjustment (COLA) is an annual increase that Social Security recipients get that helps them keep up with rising living costs. It is not believed that this benefit will go away but the annual increase could shrink

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Is It Time To Reduce Benefits To High-Income Individuals?

The great debate on how to fix and improve Social Security continues as a possible fix for Social Security could be reducing the benefits for people who make more money is being considered. With lower payments to these individuals, recipients

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Longevity Indexing: Calculating The New FRA (Full Retirement Age)

Adjusting the FRA is the one agreed upon method of handling rising social security benefit costs in the past. Most likely, this will continue into the future. Exploring in detail will reveal exactly how the numbers should play out. Increasing

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