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Does Enrolling in Social Security Prior to Medicare Offer Benefits?

The regulations governing Social Security and Medicare may seem similar because of their interdependence. This isn’t true, though. As early as age 62, you are eligible to begin collecting Social Security benefits. Alternatively, Medicare requires proof of age 65 before any benefits can be obtained. Although it’s not mandatory to register in Medicare at age…

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Divorced spouses get the most of their Social Security benefits by following a few tricky guidelines

Social Security does not offer “divorce benefits,” although divorced couples are frequently qualified to collect benefits based on their ex-spouse’s income history. Social Security spousal payments are frequently granted to ex-spouses, although under somewhat strict terms. Sometimes ex-spouses are more flexible and offer better possibilities than their married colleagues. However, minor scheduling differences may result…

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Social Security update: In 6 days, $4,873 in second-round February benefits will be distributed

In less than a week, qualifying retirees will receive their second wave of the 3 Social Security payments for February, which can total up to $4,873 for the top earners who retire at age 70. The Social Security Administration’s calendar indicates that retired seniors who were born on or between the eleventh and twentieth of their…

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Social Security 2025 COLA is projected to decline, putting seniors at financial hardship and increasing their tax burden

The slowing inflation patterns should mean a significantly less cost-of-living increase for older persons in 2019. The Senior Citizens League, a nonpartisan, nonprofit seniors advocacy organization, conducted study and projected that Social Security’s cost-of-living adjustment (COLA) in 2025 will be 1.75% based on Tuesday’s consumer price index report from January. That rise would be less…

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