Social Security, even if you’re a six-figure earner with additional retirement savings outside of Social Security, is a significant portion of your retirement income. After all, you’ve been putting money into the fund for the majority of your working career. If you’re making more than … Read more
There are some people who receive Social Security or Supplemental Security Income payments each month who may need assistance managing their finances. To ensure that your benefits are handled properly in the future, we’ll consult with you as soon as we receive information indicating that … Read more
It’s also possible that your Social Security retirement record could be of use if you have family members who are already receiving benefits. It’s possible, according to the Social Security Administration, that certain members of your extended family will receive up to half of the … Read more
Many seniors rely on Social Security as a major source of income. However well you save for retirement, you may still require these benefits to help supplement your savings in later life. As a result, it’s critical that you file for benefits strategically. The monthly … Read more
One of the most critical decisions you’ll have to make as you near retirement is when to start claiming Social Security benefits. The earliest you can file for benefits is at age 62, and it’s also the most common time at which people begin receiving … Read more
Despite its importance, Social Security is a difficult program to understand and navigate. It’s possible to be affected by a slew of different rules when it comes to your retirement income and the benefits you’re entitled to. Sadly, if you don’t grasp the fundamentals, you … Read more
In 2022, the average monthly benefit for all Social Security recipients will be $1,657 with the cost of living adjustment (COLA). There’s a lot of nuance that isn’t taken into account here, as is usually the case when using an average for the entire population. … Read more
As the future of Social Security is still up in the air, questions such as “Will Social Security run out?” are being asked. Income from Social Security is expected to exceed expenses this year, according to the 2020 annual report from the board of trustees … Read more
There appears to be no end in sight to the age-old debate about the best time to begin collecting Social Security benefits. The lack of a clear-cut answer is one factor. Even if your friends, family members, or the financial press tell you otherwise, your … Read more
In addition to Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI), the SSA administers a number of other programs. Aiming to help those with disabilities, these programs are designed to provide the funding they need. On the SSA’s FAQ page, you’ll find everything … Read more