DiSabatino CPA Blog

DiSabatino CPA Blog

A blog by Michael DiSabatino CPA with topics on Tax Savings, Business, Management and more...

2015 Social Security Benefits Announced

The Social Security Administration recently announced monthly social security and supplemental security income benefits (SSI) will increase in 2015 by 1.7%. This increase is based upon the Consumer Price Index over the past 12 months ending in September 2014. In addition, other figures based on the national average wage index will also be changed. A recap of the key amounts is outlined here:

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Important reminder for employers - HEALTH CARE BENEFITS

Important reminder for employers - HEALTH CARE BENEFITS

A reminder to employers: Effective January 1 of this year, you may no longer

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Social Security: know the variables . Do your math

Social Security: know the variables . Do your math

Determining the best time and best way to take Social Security Benefits can make a big difference in the amount you receive over the balance of your lifetime. Your personal Social Security benefits strategy often has no one right answer. What is prudent, however, is running calculations prior to making your benefit decision. Here are some things to consider.

Full retirement age. Your full Social Security Retirement benefit can be claimed when you reach your target retirement age. This is age 66 for those born between 1943 and 1954. Those born after 1954 have their full retirement age increase by two months per year until full retirement age becomes 67 years old for those born in 1960 or later.

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