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2014 Social Security Benefits Announced
Social Security recently announced planned benefit increases for 2014. Now is the time to plan for these changes. The Social Security Administration recently announced monthly social security and supplemental security income benefits (SSI) will increase in 2014 by 1.5%. This increase is based upon the Consumer Price Index over the past 12 months ending in September 2013. In addition, other figures based on the national average wage index will also be changed. A recap of the key amounts is outlined here: 2014 Key Social Security Benefits What does it mean for you? Up to $117,000 in wages will be subject
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Review Your Social Security Earnings Report
You are the only one that can confirm the accuracy of your Social Security earnings record. Without timely correction of any errors, you may be short-changing yourself when benefit checks start. Thankfully SSA’s on-line tools make it easier than ever to check your statement. Most of us go through life without being concerned with, or ever checking on, our Social Security records. We assume the money deducted each payday and an equal amount paid in by our employer is applied properly to this valuable retirement benefit. The Social Security Administration receives a vast amount of paperwork each year. They can
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