Dec 4, 2024 · The COLA is applied to all Social Security payments — survivor benefits, family benefits and disability benefits, as well as retirement benefits — and to Supplemental Security Income (SSI), a monthly benefit administered by the SSA for people with low incomes and limited assets who are 65 or older, blind or have a disability.

Nov 21, 2024 · The Social Security Administration (SSA) includes your 35 highest-earning years, adjusted for historical wage growth, in its benefit calculation. You can review your earnings history by creating an online My Social Security account .

Nov 16, 2018 · But suppose you started Social Security at 62, for reasons unrelated to health, taking a reduction in benefits for filing before full retirement age (which is 66 and 8 months for people born in 1958, two months later for those born in 1959, and 67 for those born in 1960 or later). Six months later, you are diagnosed with kidney disease.

Oct 10, 2018 · You can file for any type of Social Security benefit by phone at 800-772-1213 or in person at your local Social Security office (call ahead to book an appointment). For retirement benefits, spousal benefits and Social Security Disability Insurance (SSDI), you can also apply online, in which case it helps to have a My Social Security account.

Dec 26, 2024 · Under normal operations, Social Security offices are open weekdays from 9 a.m. to 4 p.m. local time. Appointments are required in most circumstances to get in-person service. Call Social Security’s toll-free national help line (800-772-1213) or contact your local office directly to schedule a visit.

Dec 5, 2023 · The cost-of-living adjustment (COLA) gets the headlines, but multiple aspects of Social Security change annually to reflect national trends in prices and wages, affecting the benefits paid to tens of millions of Americans and the taxes paid by nearly all U.S. workers. Here are five important ways Social Security will be different in 2024.

6 days ago · In 2023, income taxes on benefits added $50.7 billion to the Social Security trust funds, accounting for about 3.8 percent of Social Security’s revenue — the vast majority of which comes from payroll taxes levied separately on most U.S. workers’ earnings.

Oct 25, 2023 · Social Security maintains a “retirement earnings test” for people who claim benefits before reaching full retirement age (FRA), currently between 66 and 67 depending on your year of birth. If your work income exceeds a certain threshold, the Social Security Administration (SSA) temporarily withholds a portion of your monthly payment.

Oct 10, 2018 · The new law also repealed the Government Pension Offset (GPO), a similar rule that affected about 750,000 people who collected Social Security spousal or survivor benefits and also received a pension from federal, state or local government jobs that did not withhold Social Securty taxes. Their benefits could be reduced by up to two-thirds of ...

Aug 14, 2024 · Editor’s note: The Social Security Administration announced a 2.5 percent cost-of-living adjustment Oct. 10, in line with analysts' projections, and Medicare confirmed Nov. 8 that the standard Medicare Part B premium will increase by 6 percent to $185 a month. Both changes take effect in January 2025.