The nation's elderly and disabled Social Security recipients will receive a 1.5 percent increase in payments in 2014 . . .&nb...Read more
Social Security Benefits to Increase 2.1 Percent
- October 23rd, 2003
Monthly Social Security and Supplemental Security Income benefits will increase 2.1 percent in 2004, the Social Security Administration has announced. Social Security benefits increase automatically each year based on the rise in the Consumer Price Index. Last year's increase was 1.4 percent.
The 2.1 percent increase will begin with benefits that 47 million Social Security beneficiaries receive in January 2004. Increased payments to 7 million Supplemental Security Income beneficiaries will begin on December 31.
The average monthly benefit amount for all retired workers will rise from $903 to $922; for a couple, the average will go from $1,492 to $1,523. The maximum federal SSI monthly payment to an individual will rise from $552 to $564, and for a couple the SSI payment will go from $829 to $846. The maximum amount of earnings subject to the Social Security tax will increase to $87,900 from $87,000 in 2003.
For a Social Security news release on the benefit increase, go to: http://www.ssa.gov/pressoffice/pr/2004cola-pr.htm
Local Elder Law Attorneys in Ashburn, VA
Felinton Elder Law & Estate Planning Centers
Mindy Felinton concentrates in the areas of Medicaid planning, Veterans' Benefits, asset protection, nursing home planning, elder law, wills, estate planning, trusts, living wills, powers of attorney, probate administration and trust administration and began her legal career 30 years ago as an Assistant State Attorney...
Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
For Jeffrey Hammond, the practice of Elder Law is personal. Jeff’s many years of experience in law and in business did not prepare him for the crisis he faced in 2005 and 2006 when his father suffered a stroke and both of his parents suffered from dementia and other medical problems. At that time, Jeff began an i...
Hale Ball Carlson Baumgartner Murphy PLC
Jean Galloway Ball is certified in Elder Law by the National Elder Law Foundation. She is a 1977 honors graduate of the National Law Center, George Washington University, and she did her undergraduate work at the University of California at Berkeley, graduating Phi Beta Kappa in 1971. She is admitted to practice in Vir...