The Social Security Administration announced today that Social Security payments will increase by 5.8% in 2009.  In addition, the maximum amount of earnings subject to the Social Security tax will increase to $106,800 in 2009 from $102,000 this year.

For active duty military service between 1957 to 2001, service members are entitled to special military credits that boost their earnings which may increase their primary insurance amount (PIA) and social security payments.  For service after 1967 the social security administration (SSA) will automatically take care of adding this benefit. However, if the service member [...]

Eva Rosenberg of MarketWatch looks at how lump sum payments for Social Security Disability are taxed. Is Social Security Disability Income subject to taxation? – Yes, in the same way that retirement Social Security payments are taxed. Does a lump sum that includes payment for previous years need to be reported in a single year?  [...]

While there have been many articles writtin about when to take Social Security, they all seem to focus on which choice will get you the most money. I believe people should be more focused on the longevity insurance benefit of Social Security. Below is a quick overview of how I try to communicate the great [...]

Social security payments will go up 3.3% next year and the new taxable wage base is $97,500 (up from $94,200). http://www.ssa.gov/pressoffice/pr/2007cola-pr.htm