Social Security: The COVID Storm That Wasn’t
The author says that the COVID recession did not cause financial distress for Social Security, an outcome he had not anticipated.
🇺🇸 In honor of those who gave everything in service to this nation — FedSmith observes Memorial Day with gratitude. 🇺🇸
Stay informed on Social Security updates that affect federal employees and retirees, especially those covered under FERS. Explore news and analysis on Social Security COLAs, benefit calculations, earnings limits, claiming strategies, and policy changes that influence retirement income. Find clear explanations of how Social Security integrates with FERS benefits, the FERS supplement, and long‑term financial planning. Keep up with legislative developments, inflation trends, and key rules that shape Social Security benefits for federal retirees.
The author says that the COVID recession did not cause financial distress for Social Security, an outcome he had not anticipated.
Knowing when to file for Social Security can be a difficult decision. These are some important considerations.
The 2022 COLA will be the largest increase in 40 years, a fact obviously of interest to federal retirees and Social Security recipients.
How much of a financial impact can the FERS supplement or pension bonus have on a federal employee's pension?
A private company wants to sell insurance against insolvency. The author explains what life would be like if AIG and Lehman Brothers ran Social Security.
How do you know how much you will receive from Social Security? Your Social Security statement will tell you.
The author says that Social Security may be in a more dire financial state than the latest Trustees report suggests.
Enjoying your Social Security benefit prior to age 65 means less money to pay the Medicare Part B premiums – for the rest of your life.
As a result of a whistleblower's disclosure, over 21,000 widow(er) beneficiaries may be entitled to receive higher benefits payments.
Inflation is up again in July. There is another higher projection for the 2022 COLA figure to be announced in October.