Due to low cost of living allowance (COLA) increases for Social Security beneficiaries the past few years, President Obama has recommended that the cost of living adjustment for Social Security be adjusted. This is just one of many proposals included in the president’s 2014 budget. To give you a little background, Social Security benefits are […]
Social Security Increase for 2014 to be 1.5 Percent
Update 10/30/13: It’s official. The SSA just announced that the benefit increase for 2014 will be 1.5%. You can see the press release here. Many Seniors and other Social Security beneficiaries may not know it yet, but the expected Social Security increase for 2014 is 1.5 percent. The Announcement was scheduled for October 16, but […]
The Government Shutdown Won’t Affect Your Social Security Benefits, But the Debt Ceiling Might
Social Security Benefits Will Continue to be Paid The good news is that Social Security retirement, disability and other benefits are continuing to be paid during the government shut down. The bad news is that some services are not available during the shutdown, the annual COLA announcement has been delayed, and if the debt ceiling […]
2013 COLA: Social Security Benefits to Increase 1.7%
Social Security recently announced that beneficiaries will receive a 1.7% benefit increase in 2013. Update: No Social Security increase expected for 2016 People collecting SSI benefits will receive their increase in December 2012; people collecting Social Security will see their increase in January 2013. Annual increases to Social Security and SSI benefits are to help […]