Seniors Soon Will Find Out If They’ll Get More Benefits From Social Security
The cost-of-living adjustment is expected to be announced tomorrow. Although the amount is expected to go up, it will be significantly less of a boost than retirees received last year.
Kiplinger:
Social Security's 2024 COLA Due Tomorrow: What To Know
A projected 3.2% COLA increase would be higher than the average over the past 20 years, Senior Citizens League says. (Solitro, 10/11)
AP:
The Social Security Cost-Of-Living Adjustment Is Coming — But It Won't Be As Big As This Year's
Looking ahead to retirement next spring, Karla Abbott finds comfort in the cost-of-living increase that millions of Social Security recipients get each year. ... After working 38 years as a nurse, the 61-year-old Sioux Falls, South Dakota, resident says she’s been saving for retirement since she was 18. But she isn’t certain that it will be enough, even with her Social Security benefits. (Hussein, 10/11)
The Motley Fool:
Filed For Social Security Too Early? Here's Why All Isn't Lost.
One lesser-known Social Security rule is that filers get a single do-over option in their lifetime to withdraw an application for benefits and sign up again down the line. This option could come in handy if you've claimed your benefits too early and regret the reduction that resulted. (Backman, 10/11)
KFF Health News:
House Panel To Hold Hearing On Erroneous Social Security Payments
A House of Representatives panel has scheduled a hearing for next week on how the Social Security Administration has been clawing back payments it mistakenly made to beneficiaries. The announcement signals that members of Congress are focusing on the trauma many poor, retired, and disabled people have experienced from the government trying to reclaim safety-net payments — some in the tens of thousands of dollars — it says they shouldn’t have received. (Hilzenrath and Fleischer, 10/11)
