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Social Security backs off tough stance on recouping overpayments
Commissioner Martin O'Malley, in his early days on the job, said that practices will change next week.
Social Security fixes include raising retirement age, taxable income cap: Conference Board
Report from policy think tank details the program's financial problems and suggests a number of reforms.
Social Security Administration weighs in on bill to repeal taxes on benefits
The program's chief actuary says the bill would improve the long-term solvency of Social Security.
Medicare participants get early view of 2024 increase
The rise in the monthly Part B premium for next year is primarily a result of projected increases in health care spending, CMS says.
New Social Security COLA for 2024 may leave some retirees short
Latest increase could mean some clients see a net deficit, advisor warns.
August CPI pushes 2024 COLA forecast up 3.2%
The resulting increase would raise the average monthly retiree benefit of $1,790 by $57.30.
Largest federal union backs O’Malley for Social Security commissioner
The AFGE represents 43,000 employees of the Social Security Administration.
Cooling inflation points to 3% Social Security COLA for 2024
While prices for some essentials continue to increase, it's likely that the cost-of-living adjustment will be much lower than 2023's.
Worried about Social Security running out of money, many plan to take benefits early
Only 10% of non-retired Americans plan to wait until they're 70 to receive the maximum Social Security payment, Schroders survey finds.
Getting Medicare premiums refunded after death
Survivors can apply for a refund of the deceased person's unused premiums.
Biden selects Martin O’Malley for Social Security commissioner
The agency is responsible for distributing Social Security to more than 70 million beneficiaries and commands a $1 trillion budget.
2024 COLA estimate increases despite slowing inflation
The Senior Citizens League increased its estimate for the 2024 cost of living adjustment to 3%.
Estimate for 2024 Social Security COLA drops with inflation
The Senior Citizens League estimates that the cost-of-living adjustment to Social Security benefits could drop to 2.7% for 2024, down from the 2023 COLA of 8.7%.
Last chance for Social Security claiming strategy
While the rules for claiming Social Security will get a bit simpler starting in 2024, clients will continue to need advice on the best time to claim benefits.
Why some public employees can’t collect Social Security
The Windfall Elimination Provision reduction rules affect about 2 million people or about 3% of Social Security beneficiaries.
Helping clients apply for survivor benefits
If a surviving spouse is collecting their own Social Security retirement or disability benefit when their spouse dies, or is not yet collecting Social Security, they will have to apply for survivor benefits.
What’s new for Social Security and Medicare this year
Not only did Social Security benefits increase in 2023, but Medicare Part B premiums declined for the first time in more than a decade, resulting in larger net Social Security benefits for most retirees.
3 guaranteed-income strategies for an uncertain economy
Investors are clamoring for guaranteed-income strategies this year primarily due to an uncertain stock market and spiraling inflation.
No need to claim Social Security to cash in on COLA
Anyone who's 62 or older in 2023 will benefit from the 8.7% cost-of-living increase to benefits that was recently announced for next year by the Social Security Administration.
Deciphering a cryptic letter from Social Security
It’s a good idea to hold on to correspondence from the Social Security Administration to keep track of your benefits and understand any changes in the monthly amount.