Blog
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In December Congress passed, and President Biden signed, the Social Security Fairness Act, which will raise Social Security benefits for nearly 3 million Americans. The new law repeals the Windfall Elimination Provision Offset and the Government Pension Offset. These 2 laws coordinated and offset Social Security benefits for recipients of government pensions for federal, state…
4+ weeks ago -
We already knew Social Security benefits were rising 2.5% due to the Cost of Living Adjustment (COLA). We now know Medicare premiums will increase, as well, cutting into the increase for most recipients. Centers for Medicare and Medicaid Services (CMS) has announced the part B premium for most recipients will increase by $10.30 from $174.70…
2+ months ago
News
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Summer 2021 Newsletter STILL STANDING…AND PRACTICING I published the first issue of Social Security & You in Spring of 1993. Some years I’ve published more issues than others. The most recent issue was dated Spring 2019: over 2 years ago. The world was a much different place then. Especially for me. Read the full newsletter…
3+ years ago -
Spring 2019 Newsletter An Opioid Story I’ve changed his name. Let’s call him Gerald. He was a laborer. And by that I don’t mean that he just did physical work. He was a card-carrying member the Labor’s Union local. And that meant a lot to him. I represented him for Social Security disability and Michigan…
5+ years ago
COOLING INFLATION MEANS LOWER COLA FOR 2024
Social Security recipients saw a boost of 8.7% in their checks this year because of the high inflation we all have experienced.
And since inflation is coming down, a lower cost of living adjustment (COLA) is anticipated for 2024.
The Senior Citizens League, an advocacy group for seniors, estimates the COLA for next year will be 3.1%
COLA is determined using 3rd quarter data for the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W.
The Social Security Administration officially announces COLA in the fall.
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