Social Security Update: Payout Shift Triggers Drop in Personal Income

Martha Shedden, president and co-founder of the National Association of Registered Social Security Analysts, told Newsweek: “Beneficiaries affected by the Social Security Fairness Act were issued retroactive checks by the SSA for their new monthly amounts, some for as many as 16 months back to January 2024. Those individuals are now receiving higher monthly benefit checks that will not change going forward except for the annual COLAs each January.”

Published by Pamela Kweller, RSSA®

Pamela Kweller is the Content & Community Manager at RSSA. She is also certified as a Registered Social Security Analyst®. The mission of RSSA is to help Americans get the maximum Social Security income they have earned, enabling them to enjoy their lives more fully. Contact Pamela: pkweller@rssa.com