Social Security: A look at the changes that will take place in 2022

Almost all Social Security recipients are aware of the most widely known future change: a rise in monthly benefit checks beginning in 2022 as a result of the automated cost-of-living adjustment, or COLA. Indeed, Social Security recipients have very certainly already gotten notification from the Social Security Administration of the impending rise.

In 2022, all Social Security benefits will increase by 5.9 percent. The COLA is calculated using a calculation known as the Consumer Price Index for Urban Wage Earners and Clerical Workers. This has been the SSA’s official yardstick for calculating COLAs for the last 47 years. If you’re interested in learning more about this metric, visit the website of the organization that maintains it: the Bureau of Labor Statistics. They are available at www.bls.gov.

Despite the fact that this is the largest raise in decades, I always dread addressing COLAs in this column because I am inundated with comments from people saying that the increase is insufficient.

The catch, however, is that many economists and social planners believe Social Security COLAs are excessively generous! (I’ve discussed why in previous columns, but don’t have room to go into it now.) That is why the majority of conversations about long-term Social Security reform include recommendations to limit cost-of-living adjustments.

Now, let us return to the Social Security COLA for 2022. As a result of these increases, the average monthly retirement payment will be $1,657 in 2022, up about $100 from the level in 2021. In 2022, the maximum Social Security benefit payable to a worker reaching full retirement age (FRA) will be $3,345, up from $3,148 in 2021. Please note that the maximum benefit is $3,345 for someone reaching full retirement age in 2022. That is not to say it is the maximum Social Security benefit available to everyone. There are millions of Social Security beneficiaries who receive significantly more than that, owing to the fact that they worked well beyond their FRA and/or postponed benefits until age 70.

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While this is a Social Security column, I feel compelled to highlight the impending hike in the Medicare Part B premium, which is withdrawn from the majority of people’s Social Security cheques. The baseline Part B premium will increase to $170.10 in 2022, a $21.60 increase over the 2021 rate. As has been the case for the last two decades, wealthy individuals will pay more than the standard premium.

I’m not going to delve into the intricate subject of Medicare premiums except to make this brief statement. While most older persons associate Social Security and Medicare, the two programs are fully independent, operated by entirely separate federal organizations, and subject to wholly separate laws and regulations defining their benefit and payment structures. For instance, I previously discussed how Social Security COLAs are calculated. The rise in the Part B Medicare premium has nothing to do with the CPI. Rather than that, it must be set at a level that covers 25% of the cost of operating the program, as required by law. The remaining 75% is borne by taxpayers. (Once again, wealthy individuals pay more than the 25% share.)

Another metric, the “national wage index,” is used to determine increases in other aspects of the law affecting Social Security beneficiaries and taxpayers. This covers increases in the amount of wages or self-employment income that is subject to Social Security taxation; the amount of income required to earn a “quarter of coverage”; and the Social Security earnings penalty restrictions.

The taxable earnings basis for Social Security will increase from $142,800 in 2021 to $147,000 in 2022. That is, anyone earning more than $147,000 in 2022 will no longer have Social Security payroll taxes withheld from their paychecks. This has always been a highly contentious section of the law. (Bill Gates and his plumber both pay the same amount of Social Security tax!) I believe it is a fairly safe bet that any future Social Security reform plan will include an expansion of that wage base.

The majority of people require 40 Social Security work credits (sometimes referred to as “quarters of coverage”) in order to qualify for monthly benefit payments from the system. In 2021, individuals earning $1,470 in Social Security taxable income earned one credit. However, no one obtains more than four credits in a single year. In other words, once you reach $5,880 in earnings, your Social Security record is credited with the maximum four credits or quarters of coverage. In 2022, the one-credit limit will increase to $1,510, requiring you to earn $6,040 this year in order to receive the maximum four credits assigned to your Social Security account.

Individuals under the full retirement age who receive Social Security retirement or survivor benefits but continue to work have restrictions on the amount of money they can earn while receiving all of their Social Security benefits. This ceiling was set at $18,960 in 2021 and will increase to $19,560 in 2022. For every two dollars exceeding those restrictions, a person’s monthly benefits are reduced by one dollar.

The year a person achieves full retirement age, there is a higher earnings requirement that applies from the beginning of the year until the month the person passes FRA. (Once a person reaches that magical age, the income penalty is eliminated.) This threshold increases to $51,960 in 2022, from $50,520 in 2021.

Several other facets of Social Security are also affected by inflationary increases. For example, those receiving disability benefits who attempt to work may normally retain such benefits as long as they are not engaged in “substantial” work. In 2021, the legislation classified substantial labor as any position that pays at least $1,310 per month. By 2022, that significant earnings level will have increased to $1,350 per month.

Finally, the basic federal payment level for Supplemental Security Income will increase from $794 in 2021 to $841 in 2022. SSI is a federal assistance program administered by the Social Security Administration, but it is not a form of Social Security. It is funded entirely through general resources, not through Social Security taxes.

Full Article here: Social Security update: A look at changes for 2022 (dallasnews.com)

If you’re interested in learning more about Social Security or interested in how to apply for social security disability benefits, visit Disability Help for resources.

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Sean Spicer, “We continue to be disgusted by CNN’s fake news reporting.”

Sean Spicer, the White House press secretary, attacked CNN today for its reports on an unverified dossier which allegedly reveals the Russian government has damaging information about President Donald Trump.

“We continue to be disgusted by CNN’s fake news reporting,” Spicer said to CNN after contacted about its latest report Friday.

CNN reported that Spicer later called the network to add to his previous criticism.

“It is about time CNN focused on the success the President has had bringing back jobs, protecting the nation, and strengthening relationships with Japan and other nations,” Spicer said. “The president won the election because of his vision and message for the nation. This is fake news.”

CNN published Friday that it confirmed some information about the discussions between foreign nationals which were detailed in the 35-page dossier with several former and current U.S. intelligence and law enforcement officials.

The information was a collaboration dedicated to the communications between foreign nationals. However, sources weren’t allowed to verify which specific conversations were intercepted or the information obtained due to the U.S. intelligence programs labeling the information as classified.

The dossier supposedly contains around 12 conversations between senior Russian officials and other Russian personnel, according to the information obtained. CNN was unable to determine whether any of those discussions involved the previous Republican presidential nominee Donald Trump.

CNN’s sources did reassure that some of the above discussions occurred on the same dates and locations as documented in the dossier.

U.S. intelligence officials emphasized the conversations were solely between foreign nationals, including those in or tied to the Russian government, and intercepted during routine intelligence gathering.

Click here to learn more about this story.

San Bernardino Woman Killed After Struck By Car

A San Bernardino woman died after being struck by a car while attempting to use a crosswalk.

San Bernardino officers responded to reports of a vehicle-pedestrian traffic collision at Baseline and Arrowhead Avenue at around 6 a.m. Local authorities pulled up to find a woman lying still in the street, suffering from obvious and devastating head injuries.

The woman was hit by a red Honda CRV and was quickly brought to St. Bernadine’s Medical Center where she later died.

The driver stayed at the scene and cooperated with officers, a press release from police officials said. The woman was crossing the street and was hit in the middle of the street, witnesses reported.

The woman’s name has not been realized due to pending notification of her family.

San Bernardino Police Department are leading the investigation which is still ongoing.

If you or a loved one have suffered as a result of someone else’s negligent driving, do not hesitate to contact a professional car accident attorney in San Bernardino from Guldjian Law to learn whether or not you’re eligible to receive legal compensation for your injuries.

California has laws in place to protect citizens from negligence, particularly through financial reimbursement.  However, California’s statute of limitations says if you’re going to file a claim you must do so within two years of the accident date, this time, is lessened to six months if you plan on pursuing legal action against the state or any other government entity. Anyone can tell you that suing someone is no quick and simple task; this is when hiring a legal professional would be worth the cost.

Click here to learn more about California personal injury laws.

Allow an experienced car accident lawyer to negotiate with insurance companies who are working on the clock to settle the incident under the table for as little as possible and avoiding court action.  Contact us today or visit here to schedule your free legal consultation.

Your Vancouver WA motorcycle accident questions answered

In the event of a crash, most people on motorcycles are virtually unprotected. Unlike other vehicles, there’s no steel body with crumple zones around motorcyclists to help mitigate an impact. There aren’t any seat belts to restrain them or air bags to act as cushions either. It’s likely that within seconds after an impact, a motorcyclist will be hurled against either the pavement, another vehicle or a fixed object.

According to the Insurance Information Institute, in 2013, a person was 26 times more likely to die in a motorcycle crash than in a passenger vehicle crash per mile driven. There were 4,692 motorcycle crash fatalities in 2014.

Common causes of motorcycle accidents
Even when their lights are on, motorcycles present a low profile in traffic. Other drivers just don’t see them. The overwhelming percentage of motorcycle accidents are with passenger vehicles. Most often, that vehicle turned left in front of the motorcyclist in an intersection. Those drivers often state that they either didn’t see the motorcycle approaching them, or they didn’t see it until it was too late. Other causes involve rear-ending collisions and vehicles changing lanes when the motorcycle is in their blind spot. Yes, loud pipes do save lives.

Common motorcycle injuries
The nature and extent of the injuries suffered in motorcycle crashes are based on many different variables, but the most common motorcycle accident injuries include:

Traumatic brain injuries
Traumatic spinal cord injuries
Hip, leg and foot fractures
Chest, shoulder, and spinal fractures
Arm and hand fractures
Severe road rash with infection

Why you need a motorcycle accident attorney after a crash
Serious injuries or death after a motorcycle accident leave victims and their families financially and emotionally flattened. You might be entitled to damages like:

Past and future medical bills
Past and future lost earnings
Pain and suffering
Permanent disfigurement
Permanent disability
Additional funeral and burial expenses in a wrongful death case

The insurer of the person who caused your accident wants to collect premiums and pay either as little as possible or nothing on your claim. That’s how insurance companies make money, and that’s how adjusters get promoted within the company. Without an attorney representing your best interests, it’s highly unlikely that you’ll get fully compensated for the damages that you suffered because of the carelessness of somebody else.

There’s no reason to cooperate with the insurer of the person who caused the accident. It was their policyholder who thrust you into an adversarial system. Don’t give your opponent a statement. It will only be used against you in the future. Call CCRS Law at 360-869-0500 right away after any Washington or Oregon accident for a free consultation and case evaluation with a professional motorcycle accident attorney in Vancouver, WA

Seattle Police Arrest Two Teens Accused of Hit-And-Run With Stolen Vehicle

Tuesday Afternoon Seattle Police Officers apprehended a teenage boy and girl after receiving reports of a stolen vehicle involved in hit-and-accident in Seattle. The hit-and-run accident occurred around 3:30 p.m. at the intersection of East Thomas and East Broadway Streets. Nearby witnesses spotted three occupants fleeing the scene of the accident.

The Jeep that the suspects stole was reported stolen a few day ago from the city of Kirkland, Washington. Police were able to arrest a 16-year-old boy and a 14-year-old girl but could find the third suspect. Investigators are now looking into who the third suspect was and where they can find him.

Luckily everyone was safe and didn’t receive any injuries in the accident. If you or a family member have been arrest for a criminal offense in the Puget Sound area, contact our experienced Seattle criminal defense attorneys today.

Multiple Vehicles Involved in Anaheim Crash

California Highway Patrol officials responded to a collision that possible involved four vehicles. The ordeal caused the closure of the westbound lanes of the 91 Freeway stated California Highway Patrol Officer Jon Latosquin.

According to the authorities, the crash occurred around 1:00 a.m. near East Street in Anaheim. Anaheim Fire & Rescue treated three people for injuries sustained in the accident. Police had closed off all westbound and we directing traffic to take the east street exit and reenter the freeway using the Lemon Street onramp.

Police are still investigating the scene of the accident; it is still unknown at what time the westbound lanes will be reopened. Do you know someone that has been involved or injured in a car crash in the Anaheim area and are in need of legal help? If so, contact our dedicated Anaheim car accident attorney today.

911 Audio Released From Freak Accident Rialto

Large Mastiff Puppy Causes Owner To Crash in Santa Ana

Around 10:30 p.m. Tuesday night, the Santa Ana Police Department received reports of rollover accident where the car had caught fire near the 1200 block of West Memory Lane. As police and medical responders arrived on the scene, they could see an 8-month-old Mastiff puppy and his owner sitting along the sidewalk.

Officer’s stated that the man was cut up and bleeding, but his injuries were fairly minor. After talking to the driver, police learned that the cause of the accident was because of his big puppy. Apparently the young Mastiff jumped from the back seat to the front where he caused the driver to slam into a median and lose control. Witnesses as stated that the car had overturned and soon caught fire. People quickly rushed over and pulled the dog and the driver out of the burning car.

Members of the drivers family came to take the young mastiff home while he was transported to a nearby hospital. Cpl. Anthony Bertagna of the Santa Ana Police Department said that the accident could have been much worst and that the driver and dog were very fortunate. The driver still received a citation for not having his dog secured.

Both dog and the owner were lucky that the could walk away with only a few scrapes and minor injuries. Most accidents in the Orange County area end very violently and cause devastating damages. If you or a loved one have been injured in an accident in Santa Ana and are not sure what to do, contact a Santa Ana personal injury attorney right away.

San Bernardino County Street Race Kills Innocent Father Of Two

Police are searching for the driver of a black Ford Mustang, captured on a surveillance video, speeding away from an alleged street race crash that killed a father of two children and left a teenager who is facing possible manslaughter charges in Rancho Cucamonga Thursday.

The deadly collision happened at the intersection of Rochester Avenue and Jersey Boulevard at around 4:15 p.m., according to details released from the San Bernardino County Sheriff’s Department.

Several witnesses spoke to investigators claiming two black Ford Mustangs were racing southbound Rochester Avenue when one of them suddenly slammed into the driver’s side of a 2010 Nissan Altima that was in the process of making a left turn from Jersey Boulevard.

Both cars stopped on the southwest corner of the intersection, the Nissan suffered damage all the way to the passenger compartment, said the Sheriff’s Department.

Julio C. Lopez, the 46-year-old of Pomona was identified as the driver of the Nissan Altima and was taken to a local hospital with life-threatening injuries, he did not survive.

The teenager involved was a 16-year-old Rancho Cucamonga resident, he was driving one of the Mustangs involved in the collision, he has since been arrested on suspicion of vehicular manslaughter, said Teresa McMahon from the Rancho Cucamonga Police Department Thursday.

Authorities continue to search for the fleet driver of the second Mustang, described as the year 2000 to 2003 model that had a hood scoop.

The driver is believed to be a black male, early twenties and wearing a backward hat, according to a news announcement.

The driver was believed to be a black man in his early twenties wearing a backward hat, according to the news release.

Anyone who has knowledge on the incident is asked to call the Rancho Cucamonga Police Department as soon as possible.

If your or a loved one have been in an accident, contact an experienced San Bernardino car accident attorney from the office of Guldjian Law APC for a free legal consultation regarding your personal injury.

Guldjian Law APC has successfully represented countless clients from Rancho Cucamonga, Fontana, and Rialto.

Boy Killed By Collision With Bus Vancouver WA

Saturday Evening, an 11-year-old boy collided with a C-Tran bus shortly before 2 p.m. Benjamin Fulwiler later died from injuries sustained from the incident.

Ben was in the sixth grade attending Pacific Middle School. Multiple teachers advocated his maturity and aspiration were ahead by years.

Deborah Knox, the C-Tran driver, was driving southbound on Main Street and was stopped for oncoming traffic, according to police. the 59-year-old driver was in the process of turning left onto E 27th Street when the bicycle struck the side of the bus.

A surveillance video captured the tragedy from inside the bus, it showed what appeared to be the bicycle’s front wheel colliding with the driver’s side of the bus.

C-Tran spokesperson Steve Patterson said in a statement, “The driver was maker her left turn, the roadway was clear, but then out of nowhere the bicycle came and made contact with the left center of the bus.”

Fulwiler was taken to a hospital with life-threatening injuries and a severed arm. He did not survive the incident.

Locals Lori Wilgus and her 11-year-old son were riding their bicycles in the area after the accident. “It’s sad because I’m aware of how dangerous it is for bikers and people walking,” Wilgus stated. “I’m constantly reminding my son that he needs to imagine every car doesn’t see you and act accordingly, slow down and be patient.”

Tragedies similar to this one can happen to anyone and at any time, always remain cautious on the road, safety procedures/precautions are for the benefit of your well-being. If you have been in an accident contact the experienced accident attorneys in Vancouver, WA from Caron, Colven, Robinson & Shafton (CCRS) Law. CCRS law personal injury attorneys have successfully represented clients involved in car, motorcycle accidents, pedestrian accidents, slip and fall accidents and other related forms of accidents across the Southwest Washington region.