Most people know at least something about Social Security. For decades, Social Security has been providing valuable information and tools to help you build financial security. Here’s your opportunity to find out a little more, with some lesser-known facts about Social Security.
The Acting Inspector General of Social Security, Gale Stallworth Stone, is warning citizens about ongoing Social Security Administration (SSA) impersonation schemes. SSA and the Office of the Inspector General (OIG) have recently received several reports of suspicious phone calls claiming to be from SSA. Continue reading
Retirement doesn’t have the same meaning for everyone. Some people plan to retire and never work again. Some people plan for second careers in occupations that wouldn’t have adequately supported their families, but they do the work for pure enjoyment. Some people, whether by design or desire, choose to work part-time or seasonally to supplement their retirement income.
Retirees (or survivors) who choose to receive Social Security benefits before they reach full retirement age (FRA) and continue to work have an earnings limit. In 2017, the annual earnings limit was $16,920 for those under FRA the entire calendar year. In 2018, it is $17,040. If you earn over the limit, we deduct $1 from your Social Security monthly benefit payment for every $2 you earn above the annual limit. Continue reading
On July 4, people in communities everywhere celebrate our nation’s independence with neighbors, family, and friends. A strong community promotes independence by helping each other lead full and productive lives.
Social Security has been helping people maintain a higher quality of life and a level of independence for over 80 years. Over those decades, we’ve made it even easier for you to access the programs and benefits you might need. Now, applying online is the fastest way to get those crucial benefits.
Here are some the types of benefits you can apply for: Continue reading
On June 2, 2018, new capabilities were added to my Social Security accounts. The my Social Security online portal now accepts wage reports electronically from Supplemental Security Income (SSI) recipients and deemors, concurrent beneficiaries, and representative payees. This capability had been available only to Social Security Disability Insurance (SSDI) beneficiaries and their representative payees. Continue reading
You made the choice and now you are happily retired. You filed online for your Social Security benefits. They arrive each month in the correct amount exactly as expected. But, did you ever wonder if your Social Security check could increase?
Once you begin receiving benefits, there are three common ways benefit checks can increase: a cost of living adjustment (COLA); additional work; or an adjustment at full retirement age if you received reduced benefits and exceeded the earnings limit. Continue reading
While I was working from home the other day, my phone rang three times. A robotic voice told me that I was in debt to the IRS and needed to pay immediately or I would go to jail. I knew it was a scam because the IRS will NOT contact me by phone; but, I wondered, if I were home alone and did not know these types of scams exist, would I be frightened enough to send money? Continue reading
As Americans, we believe that people of all ages and abilities deserve to be treated fairly and equally and to live free from abuse, neglect, or financial exploitation. Tomorrow, on World Elder Abuse Awareness Day, we join the world in recognizing the importance of elders to our communities and standing up for their rights. Here are five ways you can join this fight. Continue reading
The statistics about elder abuse tell a troubling story. About five million seniors suffer from some form of abuse, neglect, or financial exploitation each year, and older Americans lose more than $2.6 billion annually because of these crimes, according to the Administration for Community Living. Continue reading
Today, the Social Security Board of Trustees released its annual report on the current and projected financial status of the Old-Age and Survivors Insurance and Disability Insurance (OASDI) Trust Funds. To learn more, please visit http://ow.ly/G2Kl30klYyH.
Join us on Facebook Live on 6/14 at 7 P.M. ET as we chat with Social Security’s Chief Actuary Steve Goss .
Note: The closed captioned version will be available post broadcast.