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...]

If You Collect Social Security, You’re Getting a “Raise!”

Q1. My husband and I rely on Social Security for about half of our monthly income. I heard that the cost-of-living adjustment announcement by the SSA is happening this week. Do you happen to know how the COLA is determined and how … [Read more...]

Social Security is 83! How to Get the Most Out of the Program

Q. My husband and I are approaching 62 years old, the year when we both first qualify for Social Security. Now that we’ve reached this point, I have a few questions about the program. I was wondering what the advantages are of … [Read more...]

Is Social Security Taxable?

Q. I retired last year, and started receiving Social Security benefits. I am getting ready to do my taxes, and was wondering if I have to pay federal or state taxes on my Social Security income. My understanding was that Social … [Read more...]

Disabled Adult Child (DAC) Benefits

People receiving SSI benefits (and anyone else, for that matter) can qualify for Disabled Adult Child (DAC) benefits if: they became disabled prior to age 22; one of their parents paid into the Social Security system for … [Read more...]

Find Out Why Only 1.5% Of Social Security Recipients Use This Program!

Q. My mother, Louise, was diagnosed with dementia when she was 60 years old. Her dementia has progressively gotten worse since then, and I am helping a lot these days with some caregiving tasks, and money matters. My mother is … [Read more...]