Dear Hayek, In doing some research, I saw that the maximum Social Security amount, with the 2.5 percent cost of living increase in 2025, is $5,108 a month. What would someone need to do to qualify for this amount? Thanks for … [Read more...]
What to Do if Your Social Security Number Is Part of the Recent Data Breach
Dear Hayek, I heard recently that a massive data breach may have compromised the personal information of millions, or even billions, of Americans. How can I find out if my information was affected, and if so, what actions can I … [Read more...]
Social Security Administration Issues Final Rule to Simplify Disability Evaluation Process
The Social Security Administration offers two programs that provide financial assistance to seniors and other persons living with disabilities: Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI). … [Read more...]
Social Security Scams Are Linked to New Higher COLA
Dear Angel, It’s 2023, and with the new year comes a new higher cost-of-living adjustment. I can’t say that I am not excited about that. Unfortunately, I heard that there are some scammers out there trying to get their hands on … [Read more...]
What Changed With the Social Security Statement?
Dear Hayek, I heard that the Social Security Benefits Statement has undergone a visual overhaul. What can I expect to see on the newly designed statement? Will the new format be mailed to current and former beneficiaries or … [Read more...]
What the New Outlook for Social Security and Medicare Means for You
Each year the Trustees of the Social Security and Medicare trust funds report on the current and projected financial status of the two programs. The new 2021 annual report was just released and on a positive note, the pandemic has … [Read more...]
Some Major Changes are Coming to Social Security this Year
Q. I read that the retirement age for Social Security purposes is set to increase by two months each year until it hits 67? I heard this is one of many significant changes to Social Security this year. What other major changes can … [Read more...]
Will the Coronavirus Pandemic Affect Social Security?
Mike is 58 and hopes to retire from the government in seven years. His wife Diane will be 56 in the spring and plans to retire when Mike does. Similar to most people these days, they are staying at home and have had some time to … [Read more...]
Social Security Error Affects Medicare Coverage For 250,000 Seniors
James and his wife Elizabeth were surprised last month when they lost their Medicare drug coverage all of a sudden. They had the same drug plan since 2013 with no issues, which is why they were so taken aback when notified that … [Read more...]
Can I Have a Do-Over When it Comes to Social Security?
Q. I claimed Social Security benefits at 62, and I’m realizing that it’s too early. I am concerned that since I made the decision, I’m going to have to live with it. Will I be stuck with a reduced benefit for life, or can I change … [Read more...]
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