Social Security Benefits

News & Analysis as of

Issues in Gray Divorces

The divorce rate in the United States has been dropping during the past 20 years. However, divorce among spouses over 50 years old has doubled since 1990! The surge has spawned the term “gray divorce” for these older...more

The baby boomer gamblers: Running out of money

As the first of the baby boomers have reached retirement age, the greatest financial threat to the American middle class is silently waiting for them. Most are unprepared for what actuaries call “longevity risk.” The real...more

What You Need to Know About Changes to Social Security

A few years back I wrote a post about things to consider when divorcing later in life. One of these considerations was Social Security. Social Security continues to be an important topic of discussion for any couple divorcing...more

Quiet Changes to Social Security Could Have Big Impact

If you are at or near retirement age, you are likely aware there will be no cost-of-living adjustment to Social Security benefits for 2016. In other words, your benefits will remain the same for next year. As a result, many...more

CFPB Releases Tool to Help Consumers Decide When to Claim Social Security

On November 12, the CFPB released “Planning for Retirement,” an online tool intended to help older consumers make informed decisions regarding Social Security retirement benefits. On the same day, the CFPB published a report...more

News from Second and State

This was a busy week in the Commonwealth’s capitol city, and we’ve got news on a number of fronts. First, at long last, reports this week indicate that there is some movement to shake loose a 2015-2016 state spending plan....more

CFPB releases report on retirement security and planning tool

In conjunction with the retirement planning event that the CFPB is holding in Washington, D.C. today with the Social Security Administration, the CFPB has issued a report, “Issue Brief: Social Security claiming age and...more

Health Care Update - October 2015

Cuts in Mandatory Entitlement Programs Center of Budget Negotiations: As budget negotiators from both sides of the Hill come together to work out a two-year budget deal, determining how sequestration relief will be paid for...more

Civil Unions in NJ – What you Need to Know.

Same-sex couples now have the right to marry, and neither the federal nor any state government can deny anyone that right. On June 26, 2013 – a watershed moment in the history of the law and our nation – the U.S. Supreme...more

Future Lost Wages Decision of Note by U.S. Fifth Circuit

The U.S. Fifth Circuit recently reversed and rendered a District Court’s finding of future lost wages so that it was based on statistical work life expectancy rather than Social Security retirement age. In the recent...more

A Short Primer on SSI Income Rules

The rules for how income will reduce a Supplemental Security Income (SSI) beneficiary's monthly benefit can be very confusing. Here is a quick look at how the Social Security Administration (SSA) treats an SSI beneficiary's...more

Recreational Vehicles and Government Benefits Are Not a Walk in the Park

If you own or are thinking of owning a recreational vehicle (RV), you need to consider the vehicle's impact on your government benefits, especially Supplemental Security Income (SSI) and Medicaid....more

Disability Beneficiaries Reaches Record High

Disability claims have reached a record high, according to the Social Security Administration (SSA). The SSA’s two disability programs – Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) – are...more

Marriage and SSD benefits

Most Chicago residents know that changes in living situation, such as increases in income or a return to work, can affect a person’s eligibility for Social Security Disability benefits. ...more

Should I Disinherit a Child with Special Needs?

Inexperienced or incompetent estate planning attorneys have a bad habit of telling parents of children with special needs to simply write their child out of their estate plan altogether in order to ensure that the child will...more

Social Security Disability for children and how it works

Parents who are raising a disabled child in Illinois may struggle to provide for the child’s care and special expenses. Many parents wonder about the availability of outside support, such as Social Security Disability...more

ERISA-Disability: 1 in 3 Social Security Administration Disability Determinations Involve Mental Disorder Diagnosis

As you know, ERISA plan administrators must consider Social Security Administration (SSA) disability determinations when making the disability benefit decision. ERISA plan administrators are not bound by the SSA’s...more

Seeking SSD benefits for blindness

Blindness affects more than 1 million Americans over the age of 40, according to the American Academy of Ophthalmology. The condition can introduce significant medical expenses and markedly restrict a person’s abilities. Many...more

Social Security Disability is available for certain mental disorders

Mental disorders affects tens of millions of people in the U.S, according to the National Institute of Mental Health. For many Chicago residents, these disorders are highly debilitating. In 2012, over 9.6 million American...more

Think Carefully Before Giving Gift Cards to an SSI Recipient

The holidays are here and most families are busy shopping for gifts for their loved ones. According to the National Retail Federation, gift cards are once again expected to be the most popular gift given because they are easy...more

Illinois Supreme Court Agrees to Decide How Social Security Benefits Offset in Divorce Settlement

In the closing days of its September term, the Illinois Supreme Court agreed to decide an issue of potential importance to the domestic relations bar: how are Social Security benefits treated in a property settlement during a...more

Social Security Benefits to Inch Up 1.7 Percent in 2015

The nation's elderly and disabled Social Security recipients will receive a 1.7 percent increase in payments in 2015. This is expected to raise the average monthly payment for the typical retired worker by $22. The increase...more

What's the Difference Between Medicare and Medicaid in the Context of Long-Term Care?

Although their names are confusingly alike, Medicaid and Medicare are quite different programs. Both programs provide health coverage, but Medicare is an “entitlement” program, meaning that everyone who reaches age 65 and is...more

Class Representative’s Motion To Remand For Insufficient Amount In Controversy Doesn’t Add Up

A Kentucky federal court recently ruled that a class plaintiff may not defeat removal by understating the aggregate amount in controversy alleged in her complaint....more

When Life Changes, the Social Security Administration Needs to Know

While the Social Security Administration (SSA) frequently conducts reviews to make sure that people who receive Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) are still eligible for those...more

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