Raise The Social Security Cap – Now The Rich Pay Through New Year Day’s Brunch!

Image via Flickr Creative Commons: https://flic.kr/p/2cqQTSu [Teresa Ghilharducci | Forbes.com] Most likely you will pay your Social Security taxes all year round. But some high earners will stop paying before their hangover headache hits in the wee hours of New Year’s Day.  Social Security benefits are paid by the FICA tax, which is 12.4% of …

Continue reading Raise The Social Security Cap – Now The Rich Pay Through New Year Day’s Brunch!

Social Security’s Cost-of-Living Adjustment Will Be 1.3% in 2021, the Lowest Since 2017

Photo: 401(K) 2012 via Flickr Creative Commons: https://flic.kr/p/ayZi8V [Barron's] Seniors and other Americans who get Social Security benefits won’t notice much of a difference in their monthly checks next year as the annual cost-of-living adjustment will be the smallest since 2017. The Social Security Administration on Tuesday announced a 1.3% cost-of-living adjustment, or COLA, for …

Continue reading Social Security’s Cost-of-Living Adjustment Will Be 1.3% in 2021, the Lowest Since 2017

Two more parting shots from Trump aimed squarely at disabled workers

Trump Administration is Spending its Last Weeks in Office Cutting Social Security Benefits The Social Security Administration (SSA) has sent the Office of Management and Budget a proposal that may cut earned Social Security disability benefits for nearly half a million Americans, which has long been a goal of the Trump Administration. A second proposal would …

Continue reading Two more parting shots from Trump aimed squarely at disabled workers