Social Security

6 Savvy Questions About Social Security

Social Security is more complicated than most people think. Here are six of the most common questions that come up on Social Security. With the baby boom generation entering retirement, there’s a lot of demand for good Social Security information. People are confused—both about how the system works, and how these inner workings affect their …

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The Cost-of-Living Adjustment and What It Means For You

Each year, the Social Security Administration (SSA) announces the cost-of-living adjustment for the next year. Whether you are retired or not, you should be aware of what the changes mean. Last October the Social Security Administration announced that the cost-of-living adjustment (COLA) for 2020 will be 1.6%. The increase will show up in beneficiaries’ January …

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WEP and GPO

Two big areas of confusion surrounding Social Security benefits are the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). Although they are often spoken in the same breath, they are really quite different. The only thing they have in common is that they affect people who worked in jobs not covered by Social …

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