Category: Social Security

On January 9, 2025 – President Biden signed the Social Security Fairness Act into law, repealing the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). This allows retired law enforcement officers, along with other public servants to receive their full-earned Social Security benefits. The repeal of the WEP and GPO addresses long-standing inequities that […]

According to the Social Security Administration, approximately 70 million Americans will see an 8.7% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2023. On average, according to the SSA, Social Security benefits will increase by more than $140 per month starting in January. Why the big bump? As the SSA […]

by: Vicki S. Bernardi, CPA The Bipartisan Budget Act of 2015, signed into law in November, contains provisions that will cost some retirees thousands of dollars in Social Security benefit payments. The act eliminates the ability to “File and Suspend” as well as the “Restricted Application” strategy. In addition, individuals older than 66 who filed […]

Did you know that more than 90% of Social Security recipients do not maximize their benefits because they do not understand their options? Do you have a plan in place to maximize Social Security benefits over your lifetime and the lifetime of your spouse? Social Security remains one of the most complicated and complex topics […]