Social Security recipients will receive an annual inflation boost of just 1.3% in 2021. The increase is so small, it’s one of the lowest on record. The 2021 cost of living adjustment (COLA) will increase the average re ...
Category: Issues
Benefit Bulletin: September 2020
Low-Income Health Programs, Working and Laid Off Workers Take the Biggest Hit When Medicare Part B Premiums Spike By Rick Delaney, Chairman of the Board In years when there has been no, or almost no cost-of-living ...
An Emergency 2.5% COLA Could Add $5,000 To Your Social Security Income Over the First Ten Years
By Mary Johnson, editor Use of a consumer price index (CPI) that does not reflect the costs experienced by retirees to calculate the annual cost of living adjustment (COLA) suppresses the amount of lifetime Social Sec ...
Low COLA & COVID-19 Costs Could Trigger A Medicare Premium Spike
When the Social Security Administration announced that the cost-of-living adjustment (COLA) for 2016 would be zero, a stunning thing occurred. The Medicare Trustees projected that the monthly Part B premium would increa ...
Retirement Benefits Could Be Subject To “Inaccurate CPI Information”
TSCL is forecasting a 1.3% Social Security cost-of-living adjustment (COLA) for 2021. Our forecast is based on the most recent consumer price data from the U.S. Bureau of Labor Statistics (through August) and uses the s ...
2021 Social Security COLA Likely To Be About 1.3%
(Washington, DC) – Social Security recipients are likely to get a 1.3 percent cost of living adjustment (COLA) in 2021, making it the second lowest ever paid, according to The Senior Citizens League (TSCL). “Our forecas ...
Q & A: August 2020
My Ex-Spouse Died. Would I Qualify For Widow’s Benefits Even Though I’m Re-married? Q: I’ve been out of work since late March. The company that I was working for is in the process of declaring bankruptcy, and I hav ...
Ask the Advisor: August 2020
Is Taking a Loan Against Your Social Security Benefits a Reasonable Option When You are Out of Work? Q: Recently I read about a stimulus proposal that would allow people who are out of work to access $5,000 of Socia ...
Coronavirus Throws Monkey Wrench Into COLA Calculations
By Mary Johnson, editor Impute. Today’s word comes to us from the economists at the U.S. Bureau of Labor Statistics (BLS). Since March of this year, they have been forced to use this estimation technique much more f ...
How Does the High Unemployment Affect Social Security’s Solvency?
Social Security’s finances depend largely on payroll taxes, tying the strength of Social Security to the strength of the U.S. economy. The U.S. unemployment rate was more than 13.3% through May. That was worse than the ...
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