Social Security Cost of Living Increase So Tiny You Won’t Notice It!

Here’s the good news about your Social Security cost of living adjustment (COLA) for 2017: there’s going to be one, unlike last year when the COLA was zero. But here’s the bad news: this year’s increase is so tiny, at 0.3%, you won’t even notice it.  Some experts have calculated that the average Social Security […]

NEWS FOR SAME-SEX COUPLES ABOUT SOCIAL SECURITY

By Kirk Larson Social Security Washington Public Affairs Specialist The Supreme Court decision in Obergefell v. Hodges, holding that same-sex couples have a constitutional right to marry in all states, resulted in Social Security recognizing more same-sex couples as married. This is important for determining entitlement to Social Security benefits or eligibility for Supplemental Security […]

Some Experts Ask, “Should You Really Wait to Claim Social Security?”

On the CNN financial website this week (money.cnn.com), we found an interesting article that asks a provocative question: “Is 70 Too Late to Claim Social Security?” This question sounds almost heretical, since most experts advise people to wait as long as they can (ideally until 70) before starting their benefits, but as the article points […]

Not Much Good News (Yet) Concerning the 2017 COLA for Social Security

The recent story in the news was such a non-event, you may have missed it. The Social Security Administration just released its projected cost-of-living adjustment, or COLA, that will theoretically affect Social Security payments in 2017. Last year, due largely to a drop in gas and oil prices, those on Social Security received a zero […]

The Future of Social Security – Social Security Board of Trustees Annual Report

The Social Security Board of Trustees released its annual report in June regarding the long-term financial status of the Social Security Trust Funds.  The combined asset reserves of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds are projected to become depleted in 2034, the same as projected last year, with 79 percent […]

Social Security Celebrates Black History Month

By Kirk Larson, Social Security Washington Public Affairs Specialist:   Throughout the month of February, we celebrate Black History Month. Created in 1926, this event coincides with the birthdays of Abraham Lincoln on February 12 and Frederick Douglass on February 14. African American communities have celebrated these birthdays together since the late 19th century. Honoring […]