Tag Archives: Receiving Benefits
2020 Cost of Living Adjustment
The Social Security Administration (SSA) has announced that there will be a 1.6% benefit increase for 2020. This 1.6% cost-of-living (COLA) adjustment will begin with payments received in January 2020 for Social Security Disability Insurance (SSDI) beneficiaries and Supplemental Security Income (SSI) recipients. If you are currently receiving SSDI benefits …
Social Security Benefit Statement (SSA-1099 Form)

Every year in January, the Social Security Administration mails the SSA-1099 form to individuals who receive Social Security benefits. This form shows the total amount of Social Security benefits received so that you know how much Social Security income to report on your tax return. If you live in the …
Disability and Retirement

Originally, the age at which an individual could claim Social Security retirement benefits was 65 years old. In 1961, a law was passed which allowed individuals to collect reduced Social Security retirement benefits as early as age 62. However, workers still had to wait until the full retirement age (65) …