Good news for the millions of Americans who rely on Social Security… they will be getting a raise in 2012, the first time since 2009. The Social Security Administration (SSA) announced that the cost of living allowance (COLA) increase for 2012 will be 3.6%. According to SSA, the average monthly benefit for retirees will increase […]
What is the Social Security tax rate for 2011? If you are an employee, you know that part of your paycheck goes towards payroll taxes. A big chunk of those taxes go towards Social Security to pay for retirement and disability benefits to people who qualify. The Act that requires employers to withhold Social Security […]
About Social Security Disability: What You Should Know Before Filing for Disability Benefits Most people think of retirement when they hear Social Security, however Social Security provides benefits to people who are disabled as well. The list of requirements that must be met for Social Security disability benefits is pretty long, and many people don’t […]
Close to Retirement? Get Ready to Submit Your Social Security Application Online To cut costs, and in anticipation of the 80 million baby boomers who will be applying for Social Security retirement benefits in the next 20 years, the Social Security Administration is ramping up it’s website and online services. If you haven’t been to […]
While millions of Americans rely on Social Security benefits in their retirement years, not everyone qualifies.
Here are some general guidelines regarding Social Security eligibility: