Financial Literacy Month, A Perfect Time to Plan for Your Future

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.

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New Guidance about COVID-19 Economic Impact Payments

“The Treasury Department launched a new web tool allowing quick registration for Economic Impact Payments for eligible individuals who do not normally file a tax return, and also announced that it would begin making automatic payments.  However, for some people receiving benefits from the Social Security Administration—specifically those who have dependent children under the age of 17—it is to their advantage to go to this portal to ensure they also get the $500 per dependent Economic Impact Payment.  I encourage them to do this as soon as possible, and want to provide the following details:

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Advance Designation: Choose a Representative Payee for Social Security to Consider Before You May Need One

The future can be uncertain. However, Social Security’s Advance Designation program can help put you in control of your benefits if a time comes when you need a representative payee to help manage your money.

Advance Designation enables you to identify up to three people, in priority order, whom you would like to serve as your potential representative payee. Continue reading

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Coronavirus (COVID-19): Important Information about Social Security Services

All local Social Security offices will be closed to the public for in-person service starting Tuesday, March 17, 2020. This decision protects the population we serve—older Americans and people with underlying medical conditions—and our employees during the Coronavirus (COVID-19) pandemic. However, we are still able to provide critical services.

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What Day of the Month Do I Get my Social Security Payment?

" "Timing is everything, and the arrival time of your monthly payment from Social Security can be key to keeping your financial house in order.

As you budget to pay your bills and save for future needs, keep in mind that your monthly retirement or disability benefit will be paid at the same time each month. To see your next payment date, create or log on to your my Social Security online account and go to the “Benefits & Payments” section.

In general, here’s how we assign payment dates: Continue reading

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What’s in a Name? Popular Baby Names of 2018!

baby names 2018Every year, we’re the authority on the most popular baby names from the prior year based on requests for Social Security numbers for newborns. You can visit our baby names page to see the top names from 2018 and see where your or your child’s name ranks!

Our list shows how pop culture affects naming trends year to year. The fastest rising girl’s name in 2018, moving 701 spots from number 1,404 to 703, was Meghan, after Meghan Markle, who joined the royal family in 2018. Tune in next year to see how her son Archie Harrison influences parents choosing names in 2019! Continue reading

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5 More Facts You Might Not Know About Social Security

What kind of questions do you and your friends ask about Social Security? When do my benefits arrive? What are Social Security work credits, and do they have anything to do with the way my benefits are figured? Will I be automatically enrolled in Medicare? Read on to find the answers to these questions. Continue reading

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Learning the Lingo of Social Security

two men chatting Is Social Security a topic in your conversations these days? Are you familiar with the lingo used to describe Social Security benefits, or does it sound like a new vocabulary to you?

Social Security employees strive to explain benefits using easy-to-understand, plain language. But if a technical term or acronym (an abbreviation of the first letters of words in a phrase) that you don’t know slips into the conversation or appears in written material, you can easily find the meaning in our online glossary at www.socialsecurity.gov/agency/glossaryContinue reading

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Ancient Wisdom Applies to Today and Tomorrow

Adin_Strauss_DSC1624During May 1 to 8 Social Security is joining forces with faith-based and community groups across the country to increase awareness about their programs and services. The theme for this Faith Week of Action is “Shining a Light on Your Lifelong Protections.”

One of the common misconceptions about Buddhism is that it is detached from the affairs of daily living.  Nothing could be further from the truth.  The Buddhist tradition focuses on cultivating the wisdom to differentiate between short-term pleasure and long-term well-being, and the courage to make the best choices.

Among the ancient Buddhist teachings, we find detailed, practical advice on how to handle our money. One sutra, or teaching, advises us to “set aside one fourth of our earnings for times of need.”

Social Security is a solid partner that helps us to prepare for times of need — retirement, disability or the unexpected death of a family’s breadwinner.  Continue reading

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What You Need to Know About the New Laws for Claiming Retirement Benefits

Have you heard that some of Social Security’s rules about claiming benefits are changing? Well, it’s true. The Bipartisan Budget Act that passed last November closed two complex loopholes that were used primarily by married couples. We want you to know why this happened, how it might affect you, and what you should do next.

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