IMPORTANT! Social Security, SSI and SSDI Checks in Few Days

Rime to find out about social security, ssi and ssdi checks in few days as It is important. The COLA is calculated based on data from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which measures changes in the cost of popular goods and services. The maximum monthly SS payment is $4,194 but retirees must’ve worked in Social Security approved jobs for at least 35 years in order to get this. If you work fewer years, the zeros that you accumulate will affect the amount you receive, Fool reports. To get the maximum benefit, seniors must’ve been a high earner throughout their time in employment. And, Americans must wait until they turn 70 before they start collecting the benefits. Retirees residing in 13 states will get less cash from their Social Security checks due to an extra tax that’s paid to the Department of Revenue. It affects seniors in Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Rhode Island, Utah, Vermont, and West Virginia. Many low-income claimants are exempt from state taxes in most of the states, but it could put a dent in the checks of middle and upper-income earners. Millions of retirees get Social Security benefits but not all Americans are eligible. Generally, if you move outside the country for retirement, you can still get the payments.

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Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.

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Social Security, this will change benefits forever! In this video, we’re discussing some new information circling around Congress and different law makers who are discussing changing Social Security which would change the Social Security program forever. This is very important…

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