Key Takeaway: Financial hardship should be clearly stated in a hardship letter to Social Security. This means explaining the circumstances that led to the hardship, such as job loss or medical expenses, and how it has affected the person’s ability to support themselves financially. Supporting documentation is essential in a hardship letter to Social Security….
Key Takeaway: Your social security number (SSN) is an essential part of your identity and is used for identity verification, accessing government services, tax and social benefits, credit applications, and employment verification. Exposing your SSN to the wrong person can lead to identity theft, credit fraud, and financial loss. It is important to take measures…
Key Takeaway: The Ryan Plan for Social Security proposes significant changes to the program, including increasing the retirement age, means-testing benefits, and privatizing Social Security. While some argue that these changes would help stabilize the program and increase its solvency, others criticize the potential negative impact on low-income Social Security recipients, uncertainty of market-based investments,…
Key Takeaway: Spectrum asks for Social Security Numbers to verify customers’ identities for credit checks, payments, and other purposes. Additionally, it allows them to offer customized services and to comply with government regulations. The request for Social Security Numbers by Spectrum is legal and in compliance with the Fair Credit Reporting Act. The company uses…
Key Takeaway: Working beyond your full retirement age can increase your social security benefits: for each year you delay receiving benefits after your full retirement age, your benefits will increase by 8%. The Social Security Earnings Test limits the amount of money you can earn while receiving benefits: if you earn more than the limit,…
Key Takeaway: To obtain a copy of your social security card, you must apply for a replacement by completing an application form and submitting required documents such as proof of identity and citizenship status. There are two types of applications available, in-person or by mail. Applying in person requires visiting a Social Security Administration office…
Image credits: retiregenz.com by David Woodhock Location to Apply for Social Security Number To get a social security number for your baby, the best plan is to apply in the correct spot. You can go to the hospital or the Social Security Administration (SSA) to apply. This will make sure the process is easy and…
Key Takeaway: The Social Security Cap is the maximum amount of income subject to Social Security taxes. As of 2016, the cap is $118,500. Social Security taxes are calculated as a percentage of income, with both employees and employers contributing. The rate is currently 6.2% for both, with a total of 12.4% paid for those…
Image credits: retiregenz.com by James Washington Working for 35 Years Working for Social Security Benefits Social Security benefits require individuals to work and pay Social Security taxes for at least 35 years. Failing to do so may lead to reduced or delayed benefits. In addition, working fewer than 35 years may result in earning less…
Key Takeaway: Your Social Security Number (SSN) is an important identification number used in various financial transactions, including credit cards. The location of the SSN on credit cards varies by issuer. For American Express, it is typically located below the card number. For Discover, it is located on the back of the card next to…
Key Takeaway: The Social Security office in Wichita, KS is located at 3213 N. Cypress Street, Wichita, KS 67226. Contact information for the Social Security office in Wichita, KS can be found on their website or by calling 1-800-772-1213. The Social Security office in Wichita, KS provides services such as applying for Social Security benefits,…
Key Takeaway: Social Security Disability began with the establishment of the Social Security program in 1935, but disability benefits were not included until amendments were made in 1950. To be eligible for Social Security Disability benefits, an individual must have a medical condition that meets the Social Security Administration’s definition of disability and have earned…