COLA Facts For Social Security And Supplemental Security Income Beneficiaries

Newspapers and magazines start predicting what the percentage of the COLA for Social Security and Supplemental Security Income beneficiaries will be just as you are celebrating the last days of summer each year. No one will know the amount for sure until about mid-October. Knowing what the amount is will be better for your financial…
Read More

How Much Work Do I Need To Qualify For Disability?

Social Security pays benefits through two programs: the Social Security disability insurance program and the Supplemental Security Income (SSI) program. As an insurance program, SSDI (Social Security Disability Insurance) requires you work and have FICA deducted from earnings while you work. SSI does not require a work history but uses low income and low resources…
Read More

Why It Pays To Keep Your Eye On Your Earnings Record

Whether you’re ready to retire, just joining the workforce, or somewhere in between, regularly reviewing your Social Security earnings record could make a big difference when it’s time to collect your retirement benefits. Just think, in some situations, if an employer did not properly report just one year of your work earnings to us, your…
Read More

How Many People Pay F.I.C.A.?

People often ask how many people are currently contributing to the Social Security system by paying the FICA tax. Social Security reaches almost every family, and at some point, touches the lives of nearly all Americans. Social Security helps older Americans, workers who become disabled, and families in which a spouse or parent dies. In…
Read More

Medicare Enrollment Periods For Part A & Part B: General Enrollment Period

Medicare only offers three different types of enrollment periods for Part A & Part B: initial enrollment, special enrollment, and general enrollment periods. If you did not sign up at 65 or when an employer group health plan ended, you will sign up during a general enrollment period. There is an annual general enrollment period. It…
Read More