Social Security Update: The First COLA Check To Arrive On February 2022

According to a report by Gobankingrates.com, the first round of Social Security checks reflecting the new 5.9% cost-of-living adjustment was sent out earlier this month, and beneficiaries are now waiting for the second round, which will arrive in February. For individuals who qualify for the adjustment, the rise is the greatest in over 40 years, … Read more

Windfall Elimination Provision Can Affect Social Security Benefits!

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This time, we’ll help you grasp what the notion of (WEP), Windfall Elimination Provision entails, as well as how it affects you when it comes time to retire and collect the money you deserve, reports Marca. However, saving for your future and especially for the phase of life after retirement is a very crucial decision. … Read more

When Can You Start Collecting Social Security?

The Social Security Administration oversees a range of programmes aimed at assisting retirees, as well as the disabled and their families. The (SSA), or Social Security Administration has been around since 1935 when the Great Depression exposed the deficiencies of the patchwork of municipal, state, and family networks for caring for the aged, reports Marca.com. … Read more

How To Calculate Your Social Security Benefits?

Social Security

Many people nearing retirement age in the United States have been contributing to their Social Security for decades, but determining how much the Social Security Administration (SSA) owes you can be difficult, reports Marca.com. You and your employer have likely contributed more than $200,000 to the system of Social Security over many years on your … Read more