4. The maximum Social Security benefits will increase
As you can see, the Social Security changes coming are mainly good, and this makes us more than happy. The maximum Social Security benefits will increase, and this is wonderful for those planning their golden years.
This applies to everyone who is waiting for their FRA, or full retirement age. The maximum Social Security benefits will increase from $3,627 to $3,822. This is something good for those who wait until FRA, which is now set at 66 or 67 depending on the year of their birth.
The trick here is to wait for that FRA because if you plan to retire earlier, you will have to be okay with receiving smaller monthly payments. This is kind of like a financial strategy game, and you should see if you can manage to wait until FRA and get the most out of your benefits.
I collect SSI benefits being a widow. My question is some months I get my check on first Friday of the month and others it is the second Friday. I rely on this check to pay my rent and need it to be consistently n first Friday. Can anyone explain why the payment dates change each month
Will there be changes for people receiving SSDI?
Once again, those awful laws, GPO and WPC, are not changed. Both affect me. I cannot access my late husband’s SS benefits (which were much better than mine) and — another punch in the gut — my own meager SS benefits are reduced because I have a decent Government pension. My own SS benefit does not even pay for my Medicare, which I have to pay double for.
Eliminating those two laws, which mostly affect widows who have worked for the government, would correct an injustice.
I’m a WW2 veteran now 98 years old. I’m now disabled and need help. I own my home but it needs a lot of attention. I’m finding absolutely no help in finding that help. Are those of s=us from World Two just forgotten now?
Has there been any Congressional discussion to remove the Federal & state governments from taxing Social Security since this money was taxed when it was earned by each individual that is receiving a SS check. It appears as double taxation to me & completely unfair .
Thank you