Tag: social security benefits
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Social Security Benefits Increase in 2024
Social Security and Supplemental Security Income (SSI) benefits for more than 71 million Americans increased 3.2% this year. On average, Social Security retirement benefits increased by more than $50 per month starting in January 2024. More than 66 million Social Security beneficiaries will see the 3.2% cost-of-living adjustment (COLA) beginning in January. Increased payments to…
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Supplemental Security Income
Social Security has expanded its outreach to people in critical need of financial help who may be eligible for Supplemental Security Income (SSI). SSI provides monthly payments to adults age 65 and older or to other adults — and children — with a disability or blindness who have limited income and financial resources. SSI helps…
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Tips for Entering Retirement Solo
Approximately 23 million Americans ages 65 and older are single, divorced or widowed, according to the most recent data available from the U.S. Census Bureau. That means there are many people in this country who are planning their retirement on their own, without the help of a spouse or partner.
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Plan for the Future
Social Security is a vital part of any financial plan. The administration’s online tools can help you understand your potential Social Security benefits and how they fit into your financial future. You should periodically review your Social Security statement using your personal my Social Security account at ssa.gov/myaccount.
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Learn More From New SSA Statement
If you have a personal my Social Security account, you can view your Social Security Statement online to learn about your future benefits and recent earnings history. Included with the statement are fact sheets that provide useful information based on your age group and earnings situation.
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SS Benefits Get a Bump in 2021
It’s about time for some good news: Social Security (SS) and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3 percent in 2021.
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Social Security: W-2s, 1099s and Benefits
April’s showers bring more than just May’s flowers — they also bring the deadline day for filing taxes. Don’t wait until the showers arrive to prepare for tax season. Whether you are a small business owner, a retiree, or a new parent, here are some Social Security tax tips that may help you. Are Social Security benefits…