Money

No One Knows About A 2017 COLA Yet

Articles guessing about Social Security and Supplemental Security Income (SSI) cost-of-living adjustments (COLAs) for next year are starting to appear.  No matter what you read or hear, no one knows 2017 COLA information yet and no one will officially know until approximately mid-October. Last year, the Social Security COLA press release was on October 15.  By…
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FastFacts1

Fast Facts & Figures About Social Security, 2016

The new edition of Fast Facts & Figures About Social Security, 2016 is available. I like this booklet. Perhaps you will too. Issued annually, this short booklet answers frequently asked questions about the programs administered by the Social Security Administration (SSA). It highlights basic program data for the Social Security retirement, survivors, and disability (OASDI) and…
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Money2

Is Social Security Prorated For Month Of Death?

On July 20, I wrote that Social Security retirement, when started at age 62, was not prorated for the number of days that you were 62 in the month. You are either eligible for the complete month or not at all. For retirement, you must be at least age 62 through the entire month to…
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Survivorsbenefits

Estimate For Your Survivors – SSA Statement

Last week I wrote that Social Security survivors benefits were not included in the original 1935 Social Security Act but were considered so important that they were created as part of the 1939 Amendments. This changed Social Security from a retirement program only for individual workers into the family-based economic security program we have today.…
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Survivorsbenefits

The Beginnings Of SSA Survivors Benefits

As of June 2016, approximately 10 percent of all Social Security retirement, survivors and disability monthly benefits are paid as survivors benefits, representing about 6,060,000 people of all ages across the nation. Breaking this down further, about 6.2 percent (3,766,000 people) of Social Security benefits are received by widows and widowers based on age and…
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