Category Archives: Social Security

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

How Are Your Social Security Benefits Calculated?

Social Security is one of the largest social programs in the country, and it safeguards a significant portion of the working population from poverty, if they can no longer work. However, Social Security is only a safety net meant to catch you if you slip, so it can be critical to know how benefits are calculated so you can properly manage your finances if you should ever need SSDI or SSI.  How Are Your Social Security Benefits Calculated?  The first step to calculating your Social Security benefits is knowing if you even qualify for benefits. For SSI, your income will determine if you get benefits. The Social Security Administration (SSA) will examine your income, subtract income that isn’t a part of your countable income, and then subtract your earned income from the SSI benefit rate. So, if you depend on SSI, it is important to budget not only your spending…
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What Social Security Mistakes Could Reduce Your Retirement Benefits

Social Security will be an important benefit for your retirement plans. As a typical American, it will likely be the foundation of your income in your golden years. Social Security often makes up around 33% of an elderly American’s income. However, many Americans do not fully understand how these benefits work and what the program does for you. If you go into this process unaware, you could fall into some pretty common financial traps. Falling for these traps could permanently reduce your income later on. 3 Mistakes You Should Avoid When Applying for Social Security Claiming benefits before you know how they work. If you do not understand what could impact your Social Security income, you may make poor decisions when attempting to claim benefits. You need to know how your age, work history, and marital status will affect your benefits. For example, retiring before full retirement age (FRA) will…
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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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Medical Records for Disability Hearings

If you applied for Social Security disability benefits or filed for reconsideration, then the claims examiner is the party responsible for obtaining your medical records. However, the process is different if you request a hearing before an administrative law judge (ALJ). In this case, you would be responsible for obtaining your medical records. If you have an attorney, you can give them legal permission to access the records on your behalf.  Which Medical Records Do I Need for My Disability Hearing? There are certain types of medical records you will need to obtain for a hearing before an administrative law judge. Medical records are essential for showing that you currently suffer from a disability, or that you will continue to suffer from one in the future. Be sure to obtain both old and new medical records related to your disability. You should also go through records associated with your disability…
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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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