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 […]
Social Security COLA for 2012… Finally!
Good news for the millions of Americans who rely on Social Security… they will be getting a raise in 2012, the first time since 2009. The Social Security Administration (SSA) announced that the cost of living allowance (COLA) increase for 2012 will be 3.6%. According to SSA, the average monthly benefit for retirees will increase […]
No COLA for Social Security Benefits in 2011
Update: Good news for the millions of Americans who rely on Social Security – they will be getting a raise in 2012, the first time since 2009. The Social Security Administration (SSA) announced that the cost of living allowance (COLA) increase for 2012 will be 3.6%. According to SSA, the average monthly benefit for retirees […]
Common Social Security Retirement Questions
As Baby Boomers are getting closer and closer to retirement, they have many questions about Social Security retirement benefits, such as… Will Social Security be there for me when it’s my time to retire? We’ve heard for years that Social Security is going broke. Millions of Americans rely on Social Security to fund all or […]
What is Social Security? A Brief History…
What is Social Security? Social security programs first appeared in Europe in response to families moving from farming to working for others as the world became industrialized. Germany established the first social security program way back in 1889. In the United States, the Great Depression triggered an economic crisis that caused millions of seniors to […]