Category Archives: Social Security

Our Tulsa social security disability attorneys assist residents of Oklahoma gain SSDI benefits.

How Can I Protect Myself From Social Security Scams?

Did you know that Social Security scams are the number one type of fraud reported to the Federal Trade Commission? These scams often mislead seniors into believing that they need to make cash or gift card payments. They prey on fears that they must make these payments to avoid arrest for Social Security related issues. To avoid becoming a victim of Social Security scams, it is important to understand how these scams work. It is also important to understand what Social Security employees will and will not do when contacting you. How Social Security Scams Work Social Security scams work well because they use fear tactics to convince seniors to take action. These scam artists often call and state that they suspended the Social Security number pending legal action. They then bait individuals into submitting payments to avoid arrest or legal action. According to the Federal Trade Commission, Social Security…
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Here Are Three Social Security Mistakes That Can Cost You Financially

Social Security will be an important benefit of your retirement plans as a typical American, and it will most likely be a huge part of your income. Many Americans, however, don’t fully understand how these benefits work and what the program does for you. For Americans who go into this process unaware, you could fall into some pretty common financial traps that could permanently reduce your income later on. 3 Mistakes You Want to Avoid When Becoming a Social Security Recipient Claiming benefits before you know how they work. If you don’t fully understand the factors that could impact your Social Security income, you could most likely make poor decisions when attempting to claim benefits. You should fully know how your age, work history, and marital status will affect your benefits during the claim process. For example, retiring before full retirement age (FRA) will reduce your monthly income. If you…
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Will My Social Security Paychecks Increase in 2020?

Each year, the Social Security Administration assesses the state of Social Security taxes and payouts. Adjustments to these rates occur when there is a need to accommodate inflation and cost-of-living expenses. If the cost-of-living increases, Social Security payouts change to reflect this. As such, Social Security recipients can expect their paychecks to increase in the upcoming year. Why Are Social Security Paychecks Increasing? The cost-of-living adjustment, or COLA, affects changes in Social Security payments. COLA takes into account price changes in everyday consumer essentials. This includes pricing increases for food, transportation, healthcare, housing, education, among others. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) records percentage increases in these areas. The Bureau of Labor Statistics uses this information to calculate changes in Supplemental Security Income (SSI). If there is no increase in cost-of-living, there is no COLA for that year. Changes in cost-of-living affect COLA so…
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