For Seniors ages 65 and older, Social Security benefits account for about 90% of monthly income for about 50 percent of beneficiaries. As a result, the annual Social Security raises, which is called the Cost-of-Living Adjustment (COLA) is an important part of the budgeting process for many seniors. In this post, we will highlight 5
Category: Social Security Q&A
When it comes to Social Security benefits, there are lots of misconceptions out there. For those getting ready to retire, or those currently receiving benefits, being informed about Social Security is very important to receiving the full benefits you are entitled to. In this post, we will highlight the Social Security basics you need to
We know readers have various questions regarding Socialsecurity.gov online account. We decided to set up this Socialsecurity.gov FAQs page to address the most common questions we get regarding how to register for an online account with Social Security, how to gain access to your account if you are locked out, and the many tasks you
One of the most popular questions we get from Social Security applicants and new beneficiaries is whether Social Security income is taxable. The simplest answer is yes, Social Security is taxable at the federal level and even in some states. This usually comes as a surprise to many new Social Security beneficiaries. That is because, after
If you are currently receiving Social Security benefits but are behind on your debt payments, you may be worried about the garnishment of your benefits. In this post, we will answer the question – “Can Social Security Benefits Be Garnished?” and explain the types of debt you may have that can cause your Social Security
