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
COOLING INFLATION MEANS LOWER COLA FOR 2024
Social Security recipients saw a boost of 8.7% in their checks this year because of the high inflation we all have experienced.
And since inflation is coming down, a lower cost of living adjustment (COLA) is anticipated for 2024.
The Senior Citizens League, an advocacy group for seniors, estimates the COLA for next year will be 3.1%
COLA is determined using 3rd quarter data for the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W.
The Social Security Administration officially announces COLA in the fall.
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