Debt, Default, and the Demise of Social Security?
Dedicated readers of NORA will know we've recently talked about how the federal deficit and national debt impact Social Security. The nation's finances are of course massively impactful on the…
This Failed Bill Would’ve Boosted Social Security in 2023
While Social Security saw a record increase in 2023, the payment amount could've been even higher. The record 8.7 percent boost amounted to an extra $140 on average for retirees.…
Are Some People Missing Out on the 8.7 Percent COLA?
This year's 8.7 percent COLA has Social Security recipients excited. But are some seniors missing out? It's a possibility, and it has to do with how benefits are calculated. Essentially,…
Here’s Why You Should Keep Your Social Security COLA Letter
If you're like most seniors, you were excited to receive your Social Security COLA letter. The record 8.7 percent increase is a nice boost. However, you should never depend on…
If You Filed for Social Security Benefits Late, Can You Get Reimbursed?
Let's say you just filed for Social Security benefits — but you were late to the party. Maybe you took benefits later than you could've, even though you weren't working.…
How is the 2023 Social Security COLA Impacting You?
Seniors are already seeing the impact of the 2023 Social Security COLA (Cost-of-Living Adjustment) in their bank accounts. The historic 8.7 percent increase was the highest in decades. It came…
Missouri Lawmakers May Remove the State’s Social Security Tax
Retirees in Missouri could be getting a big gift in the near future. Technically, the Social Security benefits they have are already owed to them — after all, they paid…
Do You Need to Return a Late Spouse’s Social Security Benefits?
Social Security benefits are a complex matter. This is especially true in relationships. People who join together in one household may share retirement income just like they share a regular…
The Benefits of Online Social Security Service
The age of digital transformation has brought us online shopping, online schooling, online work — and even online Social Security service. With a Social Security account, which is free to…
Could This Simple Tip Increase Your Social Security Payment?
If there's one habit that works in every area of finance, it's good recordkeeping. This is true whether it's your grocery budget, your business expenses, or your income as it…
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