Stay current on important Social Security topics. Here you will find our latest articles and analysis on SSA news, filing strategies, and policy issues, because the more information you have, the better decisions you can make.
Be sure to check back often for further updates.
What’s New in 2020 for SSA
It's that time of year again. The new 2020 program rates and limits have been updated. Here are some updates that may affect you. Cost of Living Adjustment (COLA) is 1.6%. If you're already entitled you should have received your electronic notification of your new rate in your messages on your 'my Social Security account'. Maximum Taxable Earning are 137,700. You will not have any SSA payroll taxes deducted from your pay once your earnings exceed this amount. Medicare taxes have no limit. Earnings Test Annual Exempt Amount is 18,240 if you are under your full retirement age. You can w...
Read moreMaximize Your Month of Entitlement
Your month of entitlement with Social Security can mean more money in your pocket depending on what month you choose. If you are under your full retirement age or attaining your full retirement age in 2020, January of 2020 may be your best choice. Choosing the best month of entitlement for yourself is a big decision. Your month of entitlement can be in the future or the past depending on your age and date of filing. The first possible month of entitlement is the month after the month you attain age 62. You must be 62 throughout the entire month. Be mindful that Social Security deems you to ...
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