How to Find Your Local Social Security Office Location

Many services for the Social Security are available online. You can download forms and browse FAQs relating specifically to your social security application and concerns. Sometimes the technology doesn’t replace the need for personal attention and assistance. Often when dealing with your Social Security issues it is easier to speak with a representative face to face who can explain the process and your options if you are not able to file for benefits online.
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When Should You *Sign Up For Medicare* To Get Full Coverage and Benefits

Retirement.  It’s so close you can taste it.  You’re crossing days off your calendar waiting for that magical day to get here.  The only thing holding you back is your health insurance.  Eeek! You get sick just thinking about how much your premiums are going to be when you retire.  Your backup plan is holding out for Medicare, but you don’t know if you’ll make it at your job until 65.  What to do?

This is a common dilemma that many of my clients are going through.   They’re ill from the outrageous amount that will be exiting their checking account each month just to pay for their health insurance; and that’s not including the rest of their monthly bills.  They know they do have a backup plan in Medicare.

For those that can postpone till 65 to retire, they are in luck since they will immediately qualify for Medicare.  For those that qualify, here’s what you’ll need know about signing up to receive your Medicare benefits.

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Will You Work Past Your Normal Retirement Age?

Working past normal retirement age is not unusual. According to the Social Security Administration, 28% of individuals between the ages of 70 and 74 reported income from earnings in 2006, the latest year data are available. Among a younger age group, those between 65 and 69, approximately 46% had income from a job.

Some remain employed for personal reasons, such as a desire for stimulation and social contact; others still want a regular paycheck. Whatever the reason, the decision to continue working into your senior years could potentially have a positive impact on your financial future.
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Social Security Just Got a Raise

social-security-checkStarting in 2009, retirees will get a well deserved raise in their Social Security Benefits Older Americans are slated to receive a 5.8% increase on their Social Security benefits starting in the next year. According to AARP, this will be the large hike of those benefits in over 26 years.

Highest Raise in over 26 years

At 5.8 percent, the 2009 cost of living adjustment is the highest since 1982. The reason for this, AARP says, is rising inflation. On a more positive note, the standard Medicare premium for 2009 will remain unchanged from $96.40. Premiums will rise only for single people earning more than $85,000 annually, or for couples earning more than $170,000.

Is Social Security Raise Enough?

The raise couldn’t have come at a better time as retirees have seen their retirement nest eggs cracked in the past year. Many feel that that the raise has come too late. In a study by the Senior Citizens League, individuals 65 and over have lost 51 percent of their buying power since 2000. Hopefully, with the decrease in oil prices, that should help costs at the pump.

About 50 million Americans collect Social Security benefits. This year marks the first year baby boomers will collect on those benefits. Currently, the average monthly payment for retirees is $1,090. In January it will rise to $1,153.