Social Security Law
Beware of Last Minute Tax Refund Phishing Scams
State tax agencies, the Internal Revenue Service (IRS) and the tax industry are warning about phishing scams designed to trick last-minute tax filers. With less than a month until taxes are due, tax-related scams are peaking according to the IRS. Taxpayers and tax professionals need to be alert to suspicious activity. One new scam targets…
Read More2017 Social Security Changes You Need to Know!
A few years before the first Baby Boomers were born, the Social Security Administration was one of several governmental programs designed to assist the population. For decades, these funds have benefited retirees and disabled folks, with 60 percent of seniors relying on the SSA for half or more of their income. Annually, the SSA, like…
Read MoreSeniors May Be Seeing Insufficient Increases in Social Security Benefits
Social Security is essential income for many senior citizens. As part of the program, cost-of-living adjustments (COLAs) are made on an annual basis. Each year, the COLA for Social Security benefits is calculated using the Consumer Price Index (CPI). However, some recipients feel that the CPI doesn’t accurately reflect the cost-of-living increases they deal with every year.…
Read MoreDisability Benefits: Do I Need to File My Taxes?
Dealing with the various taxing regulations can be challenging under any circumstance but even more so when receiving disability benefits. Even the best answer to the question of “Do I need to file my taxes?” is a resounding “maybe!” For those who are getting disability benefits, the question becomes even more convoluted as regulations in…
Read MoreDisability Claims in America: Mapping the Growth
The Social Security Disability Insurance Trust Fund was developed for people who are injured or sick, and who can no longer earn an amount in excess of $1,130 per month. During 1990 less than 2.5 percent of Americans above the age to work were collecting from this pool. During 2015, that number rose to 5.2 percent. This…
Read MoreTop 10 Locations To Retire on Only Your Social Security Benefits
A third of retirees count on their Social Security check as their primary source of income, which isn’t a substantial amount. In fact, the average Social Security check was $1,241 in January 2016. Of course, ever year this number adjusts to accommodate inflation, but it’s still not a robust sum of money. Living costs are…
Read More10 Social Security Disability Insurance Myths Debunked
Social security disability insurance (SSDI) is a readily available program that offers ongoing financial help for those suffering from long-term disabilities. Unfortunately, not nearly as many people take advantage of the assistance this program can provide due to belief in several common SSDI myths, including these ten: Myth #1: Denial is almost certain. The two grains…
Read MoreHow to Qualify For Social Security Disability In California
Unlike most states, California has a short-term paid disability program. It works by taking an amount of your paycheck every week and if you get hurt your employee contributions will pay a portion of your usual wages. If you meet the requirements, you’ll receive Short-Term Disability. Make sure you fill out the necessary documents and…
Read More2017 Brings A 0.3% Increase For Social Security Benefits
With days left to the National Elections, the topic of Social Security has entered further into the national consciousness. This was further enhanced by the recent announcement of a 0.3 percent increase for those receiving Social Security Benefits. This planned increase does not take place until 2017 but estimates of its impact on recipients are already…
Read MoreWhere Should You Get Your Retirement Income?
One of the simplest investment truths is to not put all your eggs in one basket. Diversity is the key to having a financially successful retirement. There’s always a certain degree of risk you are taking when investing, so make sure you invest your retirement funds in multiple areas. Here are the optimal investment options…
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