Blog
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We already knew Social Security benefits were rising 2.5% due to the Cost of Living Adjustment (COLA). We now know Medicare premiums will increase, as well, cutting into the increase for most recipients. Centers for Medicare and Medicaid Services (CMS) has announced the part B premium for most recipients will increase by $10.30 from $174.70…
a week+ ago -
Just when the Social Security Agency finally had a progressive, engaged commissioner in former mayor of Baltimore and governor of Maryland, he’s gone. Effective November 29th Martin O’Malley is resigning to run for chairman of the Democratic National Committee. Among other positive changes made during O’Malley’s all too brief tenure as commissioner was modification of…
2+ 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…
3+ 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…
5+ years ago
COLA 2.5% FOR 2025
The annual cost of living adjustment (COLA) for more than 72.5 million Social Security and SSI recipient for 2025 will be 2.5% as inflation comes under control.
The COLA for 2024 was 3.2%.
The average retiree will receive $48 more per month next year.
The earnings limit for workers younger than full retirement age will increase to $23,400. The Social Security Agency deducts $1 for every $2 earned over that amount.
For those reaching full retirement age in 2025 the earnings limit will increase to $62,160. The Social Security Agency deducts $1 for every $3 earned over that amount until the month the worker reaches full retirement age.
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