April is Financial Literacy Month, a month focused on educating people about the importance of planning for a secure financial future. Social Security is a vital part of any financial plan, and we have online tools to help you understand your potential Social Security benefits and how they fit into your financial plans.
In the 21st century, more women work, pay Social Security taxes, and earn credit toward monthly retirement income than at any other time in our nation’s history. Yet, on average, women face greater economic challenges than men in retirement. Continue reading
This year, America Saves Week (ASW) runs from February 24 through 29. The week is an opportunity for organizations to promote good financial habits. It’s also a great time for people to assess their own saving status, as planning and saving are key to a successful retirement. Continue reading
Chances are good that you use the internet or a cell phone app every day. Social Security has you covered. We’ve created online tools to make the lives of millions of people easier. We’ve put together a top ten list of easy-to-use resources for you. Continue reading
Social Security has tools, information, and services to help secure today and tomorrow for you and your family.
When you start receiving Social Security benefits, certain members of your family may also qualify for benefits on your record. Benefits may be paid to: Continue reading
Some of the millions of people who get monthly Social Security or Supplemental Security Income benefits need help managing this money. A person assigned to help you manage your monthly benefits is called a representative payee. We may decide you need a representative payee if we receive information that indicates you need help to manage your money. We try to select someone who knows you and wants to help you. Your representative payee should be someone who you trust, who sees you often, and who clearly understands your needs.
A representative payee receives your monthly benefits on your behalf and must use the money to pay for your current needs. Eligible costs include: Continue reading
Are you looking for new ways to save time this new year? Social Security offers many of its services online by signing up for a secure my Social Security account.
Once you create an account, you can review your work history and see an estimate of your future Social Security benefits. We recently made several enhancements and introduced new features to my Social Security. With your personal my Social Security account, you can also: Continue reading
Many people pick up side jobs when the holiday shopping season comes around. It’s a good way for you to make some extra income during the busy season or ease back into working if you have been out of the labor force for a while. We’re here to help you navigate working seasonally if you get Social Security.
You can get Social Security retirement or survivors benefits and work at the same time. But if you’re younger than full retirement age and earn more than certain amounts, your benefits will be reduced, although not dollar for dollar. Your benefits may increase when you reach full retirement age. You can read more about working while retired. Continue reading
Affordable medical coverage is something everyone wants, especially as people age. Luckily, our nation has safeguards for workers as they get older. Millions of people rely on Medicare, and it can be part of your health insurance plan when you retire.
Medicare is available for people age 65 or older, as well as younger people who have received Social Security disability benefits for 24 months, and people with certain specific diseases. Two parts of Medicare are Part A (Hospital Insurance) and Part B (Medicare Insurance). You are eligible for premium-free Part A if you are age 65 or older and you or your spouse worked and paid Medicare taxes for at least 10 years. Part B usually requires a monthly premium payment. Continue reading
Social Security and Medicare are both programs that are household names, but do you know the true difference? Both programs help safeguard millions of Americans as well as improve the quality of life for their family and friends. While Social Security offers retirement, disability, and survivors benefits, Medicare provides health insurance. Continue reading