July, 2020

Social Security July Newsletter

Registered Social Security Analyst
RSSA | Social Security Newsletter | July 2020

July 2020 Newsletter

Top News Story
How COVID-19 is Affecting Retirement Decisions
The sudden shift in our work habits, whether losing a job, working from home or worrying about your safety as you continue your essential work, is compounded by dire personal financial circumstances due to the COVID-19 pandemic. Depending on individual situations, workers approaching retirement age have come to some surprising realizations…

Martha Shedden is the President &

Co-Founder of RSSA.

Ask Martha
This month’s featured question: I want to retire next year, but I have only worked for 29 years. How will this impact my benefits?
Martha’s response: The Social Security Administration uses your highest 35 years of earnings, after adjusting for inflation, to calculate your benefit amount. If you do not have 35 years of earnings, zeros will be used for the years with no earnings. This is not uncommon at all. In your case…
Social Security Spotlight
What You Should Know About Representative Payees
The Social Security Administration created the Representative Payee Program to support beneficiaries of Social Security or Supplemental Security Income benefits. A representative payee manages the payments and benefits on behalf of the beneficiary. The SSA does not recognize Power of Attorneys and therefore it is important that beneficiaries have a designated payee in case it is needed…
Social Security Fast Facts

Fact #1

In 1940 Ida Mae Fuller was the first Social Security recipient. Her first-ever monthly payment was a whopping $22.40.

Fact #2

This year alone, 65 million Americans will receive over one trillion dollars in Social Security benefits.

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Social Security and all the decisions that come with it can be confusing. Get the support you need to navigate these decisions. A RSSA® can help you maximize your Social Security benefits to better prepare you for retirement. Request your free, no-obligation consultation with a Social Security expert.

Our mission is to help Americans get the maximum Social Security income they are entitled to, enabling them to enjoy their lives more fully.
RSSA is administered by NARSSA, the National Association of Registered Social Security Analysts. NARSSA provides a
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