The 1.3 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2021. Increased payments to more than 8 million SSI beneficiaries will begin on December 31, 2020. (Note: some people receive both Social Security and SSI benefits). The Social Security Act ties the annual COLA …
Tag: Department Labor
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Jul 03 2017
Grow Your Benefits Beyond Retirement Age
For Americans, reaching retirement age no longer means the end of an active working life. Many people are choosing to work past 65, according to the Department of Labor’s Bureau of Labor Statistics. If you’re willing and able, maintaining gainful employment later in life can go a long way toward ensuring a secure future. Besides …
Permanent link to this article: https://www.50plusmarketplacenews.com/9172/social-security-today/grow-benefits-retirement-age