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 […]
Do Not Underestimate Social Security When Planning For Retirement
Most people underestimate the impact that Social Security retirement benefits will have on their retirement. They either assume it won’t be there for them, or that it won’t be enough to make a difference. The truth is that Social Security will be there for you (although I suspect it will be revised several times to […]
No Increase In Social Security Benefits for Retirees Next Year
Earlier this year, retirees on Social Security saw one of the largest COLA increases they’ve seen in years – since the 1980s to be exact. Unfortunately, the Social Security COLA is expected to be zero for the next few years. If you’ve been receiving Social Security for a while, you know that your benefits are […]
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 […]