Each year we announce the annual cost-of-living adjustment (COLA). Usually there is an increase in the Social Security and Supplemental Security Income (SSI) benefit amount people receive each month, starting the following January. By law, federal benefits increase when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Continue reading
We are constantly expanding our online services to give you freedom and control when doing business with us. Our new online cost-of-living adjustment (COLA) notices are another example of our commitment in this area.
Later this year, we will post the Social Security COLA notices online for retirement, survivors, and disability beneficiaries with a my Social Security account. The announcement of the COLA amount will occur in October, but final benefit amounts won’t be calculated and available until December, when we mail COLA notices that contain the benefit amount for the next calendar year. Continue reading
From September 15 to October 15, we celebrate Hispanic Heritage Month. This is when we honor the contributions of Hispanics to American society and celebrate this warm and vibrant culture. According to the U.S. Census Bureau, Hispanics make up about 17.8 percent of our nation’s total population.
As with all ethnicities in America, Hispanics can benefit from learning about Social Security’s benefit programs. We want to share with all Hispanics, particularly those of you who are younger, information about how Social Security helps support you now, what we mean for your future, and our commitment to be there with you throughout your life’s journey. By knowing about our benefits and basic services, you can see how we can help you secure today and tomorrow.
Here are ten ways to get you started: Continue reading
September 6 is National Fight Procrastination Day. With our busy lives, it is easy to fall into that cycle of constantly postponing some tasks because of other things we need to address right now. This may be true for you when it comes to changing your payment method for Social Security benefits. Unfortunately, procrastinating on reporting changes can lead to delayed payments, resulting in undue hardship with bills and living expenses. Ultimately, it’s less hassle — and less stressful — if you report a direct deposit change as soon as it occurs. Continue reading
On June 2, 2018, new capabilities were added to my Social Security accounts. The my Social Security online portal now accepts wage reports electronically from Supplemental Security Income (SSI) recipients and deemors, concurrent beneficiaries, and representative payees. This capability had been available only to Social Security Disability Insurance (SSDI) beneficiaries and their representative payees. Continue reading
Social Security is with you throughout life’s journey. During May, we celebrate Older Americans Month, and we want to highlight how we are here for you. We’re there when you get your first job, when you get married, and through years of work when you are paying Social Security taxes. Our programs serve as vital financial protection for millions of Americans, and part of our journey together includes making sure you know what that protection means to you in your later years. Continue reading
Did you know that the Centers for Medicare and Medicaid Services is sending new cards with new Medicare numbers to everyone with Medicare? Instead of your Social Security Number (SSN), your new Medicare card will include a new number unique to you. This will help to protect you against identity theft and protect Medicare from fraud. Medicare will automatically mail your new card to the address you have on file with Social Security. As long as your address is up to date, there’s nothing you need to do! If you need to update your address, use your personal my Social Security account. Continue reading
Time is our most valuable resource. How you spend it is important. A my Social Security account helps free your time for the important things. What is a my Social Security account? Watch this video to find out: Continue reading
Is retirement knocking at your door? Social Security makes your journey into retirement nice and easy. Continue reading
The first thing you should remember is that Social Security replaces only a portion of your pre-retirement earnings. Most financial advisers say you will need about 70 percent of pre-retirement income to live comfortably in retirement, including your Social Security benefits, investments, and other savings. A solid retirement plan includes planning for more than Social Security. You can use Your Retirement Checklist to help you prepare.
When the time comes to take that giant step into retirement, Social Security’s online services can help guide you in this new journey. Use these services to help prepare yourself for a financially secure retirement: Continue reading