Biggest Social Security Changes for 2025 - AARP
Dec 4, 2024 · The COLA is applied to all Social Security payments — survivor benefits, family benefits and disability benefits, as well as retirement benefits — and to Supplemental Security Income (SSI), a monthly benefit administered by the SSA for people with low incomes and limited assets who are 65 or older, blind or have a disability.
Can you switch from Social Security retirement benefits to ... - AARP
Nov 16, 2018 · But suppose you started Social Security at 62, for reasons unrelated to health, taking a reduction in benefits for filing before full retirement age (which is 66 and 8 months for people born in 1958, two months later for those born in 1959, and 67 for those born in 1960 or later). Six months later, you are diagnosed with kidney disease.
Social Security Calculator: Estimate Your Benefits - AARP
Dec 16, 2022 · The Social Security Administration (SSA) includes your 35 highest-earning years, adjusted for historical wage growth, in its benefit calculation. You can review your earnings history by creating an online My Social Security account .
How 5 Big Social Security Changes in 2024 Affect You - AARP
Dec 5, 2023 · The cost-of-living adjustment (COLA) gets the headlines, but multiple aspects of Social Security change annually to reflect national trends in prices and wages, affecting the benefits paid to tens of millions of Americans and the taxes paid by nearly all U.S. workers. Here are five important ways Social Security will be different in 2024.
A Guide To Applying For Social Security Benefits - AARP
Oct 10, 2018 · You can file for any type of Social Security benefit by phone at 800-772-1213 or in person at your local Social Security office (call ahead to book an appointment). For retirement benefits, spousal benefits and Social Security Disability Insurance (SSDI), you can also apply online, in which case it helps to have a My Social Security account.
Can You Collect Social Security and a Pension at the Same Time?
Oct 10, 2018 · The new law also repealed the Government Pension Offset (GPO), a similar rule that affected about 750,000 people who collected Social Security spousal or survivor benefits and also received a pension from federal, state or local government jobs that did not withhold Social Securty taxes. Their benefits could be reduced by up to two-thirds of ...
10 Things to Know About Social Security Benefits - AARP
Sep 14, 2020 · If you claim Social Security upon turning 62, you'll get 70 percent of the benefit amount calculated from your lifetime earnings. If you wait until full retirement age — in this case, 67 — you'll get 100 percent. Delay past full retirement age and Social Security increases your benefit 8 percent a year until you hit 70. There's no financial ...
Social Security 2025 Holiday Closings Office Schedule - AARP
Dec 26, 2024 · Under normal operations, Social Security offices are open weekdays from 9 a.m. to 4 p.m. local time. Appointments are required in most circumstances to get in-person service. Call Social Security’s toll-free national help line (800-772-1213) or contact your local office directly to schedule a visit.
Can I Switch From My Social Security Benefit to a Spousal Benefit?
Dec 30, 2024 · Again, Social Security will pay the greater of the two benefit amounts. Members only The top spousal benefit is 50 percent of your mate’s primary insurance amount — the retirement benefit they are entitled to claim at full retirement age , which is 66 and 8 months for people born in 1958, 66 and 10 months for those born in 1959 and 67 for ...
Social Security Changes ‘Clawback’ Overpayment Methods - AARP
Mar 22, 2024 · Limiting how much Social Security can withhold from benefits to recoup past overpayments is “a big step in the right direction,” says Rebecca Vallas, a senior adviser with the National Academy of Social Insurance. “I saw firsthand during my years as a legal aid lawyer the needless suffering this can cause.”