As of March 31, 2025 persons wishing to change their address with the Social Security Administration will have to do so through the secure “my Social Security” website or visit a SS office, in person. It will no longer be possible to make changes by calling Social Security. This is to combat fraudulent address and…
Last year, under President Joe Biden an Social Security Commissioner, Martin O’Malley, the Agency only recovered 10% of overpayments each month. This policy recognized that Social Security is the sole support of the overwhelming number of disability recipients and an important source for retirees. The recovery rate for SSI recipients remains 10% Commissioner O’Malley resigned…
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…
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…
The annual report of the Social Security & Medicare Trustees has a bit of good news. Due to the strong economy, low unemployment & wage growth the insolvency date for the combined retirement and disability trust funds is up a year to 2035.
Without changes the benefits payable at that time would be 83% of what’s been promised. In other words, benefits would be reduced 17%.
For about half of seniors Social Security supplies at least 50% of their income. For 25% of seniors Social Security accounts for at least 90% of their income.
Proposed fixes include bumping up payroll taxes from the 12.4% split 50-50 by employees and employers, raising the retirement age for younger workers, adding a means test or raising the cap on how much of a worker’s income is subject to Social Security tax. The current limit is $168,600 per year.