Social Security Tips – November 2018



You can sign up to receive your COLA notice online as soon as it’s released!


The COLA percentage was announced on October 11th but final benefit amounts aren’t available until early December – by mail or online!


These COLA notices will now be available to view and save via the online Message Center inside my Social Security. The Message Center is a secure, convenient portal where your clients can receive sensitive communications that Social Security does not send through email or text.


This year, individuals will still receive COLA notices by mail. In the future, they will be able to choose to receive their notice online instead.



Cost-of-Living Adjustment (COLA):

Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2017 through the third quarter of 2018, Social Security and Supplemental Security Income (SSI) beneficiaries will receive a 2.8 percent COLA for 2019.


                                                                                  2018                     2019

o           Maximum Taxable Earnings:

Social Security (OASDI only)                       $128,400             $132,900

Medicare (HI only)                                                        N o    L i m i t


o           Quarter of Coverage:                                   $1,320                  $1,360


o           Maximum Social Security Benefit:  Worker Retiring at Full Retirement Age:


$2,788/mo.          $2,861/mo.


o           Retirement Earnings Test Exempt Amounts:

Under full retirement age                               $17,040/yr.          $17,640/yr.

($1,420/mo.)        ($1,470/mo.)

The year an individual reaches full                            $45,360/yr.          $46,920/yr.

retirement age                                                      ($3,780/mo.)       ($3,910/mo.)

NOTE:  Applies only to earnings for months prior to attaining full retirement age.  One dollar in benefits will be withheld for every $3 in earnings above the limit.


There is no limit on earnings beginning the month an individual attains full retirement age.


o         Social Security Disability Thresholds:


Substantial Gainful Activity (SGA)

Non-Blind                                         $1,180/mo.          $1,220/mo.

Blind                                                  $1,970/mo.          $2,040/mo.

Trial Work Period (TWP)                                             $   850/mo.          $   880/mo.


Estimated Average Monthly Social Security Benefits Payable in January 2019:


Before                  After

2.8% COLA       2.8% COLA

All Retired Workers                                       $1,422                  $1,461

Aged Couple, Both Receiving Benefits         $2,381                $2,448




2019 Social Security Changes
social security tips
Information for the Financial Professional to better assist your clients.


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