Sometimes people will write to me complaining that the government, specifically the Social Security Admini-stration, has messed them up and cheated them out...
Don't cheat yourself out of some Social Security benefits by not doing the research.Sometimes people will write to me complaining that the government, specifically the Social Security Admini-stration, has messed them up and cheated them out of benefits they might have been due. But many times, the fault is not in our government, but in ourselves. Here are some examples of what I mean.When I was 65, I retired and took the free Part A Medicare.
We were counting on her getting half of my Social Security, so imagine my shock when we learned that she is only getting about 38% of my benefit. Everything I’ve ever read says a wife gets 50%. Why is the government cheating us?The government isn’t cheating you. I think you cheated yourself by not doing enough research. Had you done your homework , you would have learned that your wife’s spousal benefit is based on your full retirement-age benefit, not on your augmented age-70 rate.
Neighbor Ted also worked at a Social Security-covered job. But Ted’s wife, Alice, was a teacher. And just for the sake of comparison, I’m going to say that, like Bob, Ted gets $2,800 in Social Security retirement benefits and Alice, like Carol, gets a $3,000 monthly retirement benefit. The only difference is that Alice’s retirement check comes from the Texas Teachers Retirement System while Carol’s check comes from Social Security.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Social Security fix: Eliminating or lifting the tax cap would help stabilize Social Security, while also being fairer to most Americans, experts say.Social Security is heading for a funding cliff, with its trust fund reserves potentially becoming insolvent by 2033 — an outcome that would mean beneficiaries would face a 25% shave on their monthly checks.
Read more »
Senate group eyes Social Security changes as Biden hits Republicans over benefitsSens. Bill Cassidy and Angus King are leading an effort aimed at bringing the Republican and Democratic parties together to 'preserve and protect the retirement security of all Americans,' they said in a joint statement.
Read more »
Social Security update: Second of March's double direct payments worth $914 arrives in 28 daysBeneficiaries waiting for the second round of March's double SSI payments will need to wait four more weeks until the funds, worth $914 for individual recipients, are released. The second installment of March's double payments will be released on March 31
Read more »
Social Security numbers, employee fingerprints accessed during month-long data breach, DPS saysPersonal information, including Social Security numbers, employee fingerprints and bank account numbers, was taken from the Denver Public Schools network by an 'unauthorized actor,' the district announced Friday.
Read more »
Social Security & You: More questionable advice from the SSAI hate writing columns that are critical of some of my former colleagues who are still working for the Social Security Administration. But doggone it, if they are going to keep handing out bad advice, someone’s got to take them…
Read more »