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Explore: Social Security Benefits Expected to Increase 2% in 2018

Social Security Benefits Expected to Increase 2% in 2018

Benefits

The Social Security administration announced a 2% increase in benefits in 2018. The increase is estimated to affect 70 million Americans. The increase in the Consumer Price Index (CPI-W) is used to determine the cost-of-living adjustment (COLA) in order to keep Social Security benefits in line with changes in consumer prices. Continue reading “Social Security Benefits Expected to Increase 2% in 2018”

Changes to Social Security

Changes

There are some significant changes to the Social Security program this year which you should be aware of, particularly if you are thinking of retiring soon or already have. One of the most important components of an individual’s retirement plan is the opportunity to receive monthly income from the Social Security program. Over 65 million people received benefits from programs administered by the Social Security Administration (SSA) in 2015. Continue reading “Changes to Social Security”

Social Security Options Changing for Married Couples

As of May 2016, two popular social security claiming strategies are being eliminated due to the Bipartisan Budget Act of 2015, signed into law by President Obama. These two popular strategies for married couples are known as “File and Suspend” & “Restricted Claims/Application”. Continue reading “Social Security Options Changing for Married Couples”