Blog
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It looks like the new Social Security Commissioner, Martin O’Malley, is really taking charge. A number of changes have been implemented in the several weeks Commissioner O’Malley has been on the job. Among the most meaningful is decreasing the default overpayment withholding rate to 10% (or $10, whichever is greater) from 100%. This will significantly…
2+ weeks ago -
Social Security uses what is called the “fee agreement process” to pay representatives who help Claimants. For those signing an appropriate fee agreement Social Security will approve the agreement and pay the representative up to 25% of a retroactive fee. Since November 2022 that retroactive fee could not exceed $7,200. Sometime this fall the cap…
3+ weeks ago
News
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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…
2+ years ago -
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…
4+ years ago
Poll says older Americans don’t want changes in Social Security
Among the ideas floated to help solve the pending insolvency of Social Security are raising the eligibility age for full benefits and changes in the cost of living formulas. A survey conducted by the Associated Press-NORC Center for Public Affairs Research of persons over the age of 50 found that 62% opposed changes in the COLA formula compared to 21% who were in support. 58% opposed gradually raising full retirement age while 29% supported the change.
However, 61% of those surveyed favored raising the cap on income subject to Social Security taxes while only 25% were opposed. For 2014 the cap is $113,700. Income above that level is only subject to the Medicare tax.
And the vote is much closer on reducing benefits for those with higher incomes. 41% are in favor while 44% are opposed.
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