Join Maser, Amundson & Boggio attorney Randy Boggio in his interview with lawyer Ed Olson of Disability Attorneys of Minnesota as they dive into the many different aspects of social security. Ed has over 30 years of legal experience, specializing in social security disab [...]
By Kris L. Maser Social Security offers annual inflation adjustments. Currently, the cost-of-living adjustment is 2.8%. So, as a follow up to the example on my previous blog, if your monthly benefit is $2,000:• In 10 years your monthly benefit will be $2 [...]
By Kris L. Maser We as voters, baby boomers, elders, and tax payers need to get a handle on not just what our benefits will be as we retire but also what effect the benefits are for the looming baby boomers going into retirement. When the social security system was originall [...]
By Kris L. Maser So what will it take to restore solvency to the Social Security system? The trust fund is still growing:• The trust fund balance on 12/31/2009 was $2,540 trillion.• The total income for the year 2010 was $781 billion.• The total expendit [...]
By Kris L. Maser What if you apply for early for Social Security benefits? If you were born between 1943 and 1954:• At age 62 your benefit will receive 75% of your total benefit plus the 2.8% annual cost of living adjustment.• At age 63 your benefit will be 80% of your total [...]
By Kris L. Maser Here is how to estimate your Social Security benefits. If you are 60 or older you will receive an annual statement in the mail. This statement should help you estimate the benefit. Or you can go to www.SocialSecurity.gov and click on Estimate your retirement [...]
By Kris L. Maser Divorced Spouse Benefits:?• The ex-spouse must have applied for benefits.?• The spouse must be at least 62 for reduced benefits or 66 for full benefits.?• The marriage lasted for 10 years or more.• The person receiving the divorced-spouse benefit is currentl [...]
