With the onset of the Coronavirus pandemic Sometimes, getting the ball rolling on such claims can require the services of an attorney. If you’re filing such a claim, there are some things you should know. A big misconception about Social…
The insurance company Mass Mutual recently put together a Social Security knowledge quiz. The format is true or false and may educate people a little better about a system which many people rely on and continue to rely on. If…
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…
“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…
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…
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…
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…
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…
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…
In 1935, the Full Retirement Age (FRA), was 65. At this age a person became eligible to collect the full Social Security benefit amount. Fast forward to recent times and future Social Security recipients are faced with a different reality.…