Key Takeaway: A BNC number is a unique nine-digit identifier assigned to individuals who receive benefits from the Social Security Administration. The purpose of the BNC number is to verify the identity of individuals and authorize financial transactions. It is also used for record-keeping purposes. To get a BNC number, you must be eligible to…
Key Takeaway: The Social Security 2100 Act is currently in the committee stage in Congress and has not yet been scheduled for a vote in the House or Senate. The Act enjoys support from Democrats and some Republicans, but is opposed by others who fear its financial impact on the government and taxpayers. The political…
Key Takeaway: Gather all required documents before starting the process of changing your name with Social Security. This includes a government-issued ID, proof of citizenship or legal status, and proof of name change. Complete Social Security Form SS-5 accurately and thoroughly. Errors or missing information can delay the processing of your name change request. The…
Key Takeaway: To apply for an unrestricted social security card, you need to meet certain requirements and provide the necessary documents that prove your identity and citizenship or legal residency status. The required documents include a government-issued ID that shows your name, date of birth, and photograph, as well as proof of citizenship or legal…
Key Takeaway: In order to be eligible for Social Security benefits, you must meet age, work history, or disability requirements. Age requirements vary depending on birth year, with full retirement age ranging from 66-67 years old. Work history requirements require a certain number of credits earned through taxable income. Disability requirements involve proving that you…
Key Takeaway: Social Security statements are important to keep for verification of earnings and calculation of benefits. It is recommended to keep them for at least 3 years. Exceptions to the recommended time include needing them for tax purposes, applying for a loan, or disputing earnings with the Social Security Administration. In these cases, it…
Key Takeaway: The Social Security Office in Valdosta, GA is open from 9:00 am to 4:00 pm, Monday through Friday. It is important to note that the office is closed on weekends and federal holidays. To contact the office, individuals can call 1-877-405-3654 or visit the official Social Security website for more information. Are you…
Key Takeaway: Age, health, and financial situation are important factors to consider when deciding when to claim social security benefits. Women have longer life expectancies and may benefit from delaying their benefit claim to receive higher monthly payments later in life. Spousal benefits and options for divorced or widowed women should also be considered when…
Key Takeaway: Understanding taxable social security income: Not all Social Security benefits are taxable, so it is important to know the types of benefits that are taxable and those that are not. Steps to calculate taxable social security income: The provisional income of the taxpayer determines the portion of the Social Security benefits that are…
Key Takeaway: Understanding the basics of social security is crucial to getting the most out of the social security book. This includes knowing your eligibility for benefits, how benefits are calculated, and age requirements for claiming benefits. Maximizing social security benefits involves careful planning and strategy. Knowing when to claim, maximizing spousal benefits, and coordinating…
Key Takeaway: Your Social Security Number (SSN) is a unique identifier that is linked to your personal information and can be used by identity thieves to steal your identity. Searching your SSN on Google can lead to online identity theft, data breaches, and your personal information being exposed to potential attackers. Preventive measures such as…
Key Takeaway: Identifying the breach: If you suspect that someone has your social security number, start by checking for signs of unauthorized activity. Look for unexplained charges or withdrawals on bank statements, credit card bills, and other financial accounts. Contacting the authorities: Report the breach to law enforcement and the Federal Trade Commission (FTC). They…