Retirement Planning – Page 3 – Virgin Islands Free Press

How to spot an imposter social media account

Want to learn how to spot fake Social Security social media accounts? The tips below will help you protect yourself and your family. How fraudsters create imposter accounts: Fraudsters create…

John McCarthy April 21, 2024

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Plan for your future during financial literacy month

We celebrate ‘Financial Literacy Month’ every April to promote financial education and well-being in the United States. FLM also serves as a reminder that Social Security is a vital part…

John McCarthy April 13, 2024

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Social Security Eliminates Overpayment Burden for Social Security Beneficiaries

Automatic Overpayment Recovery Rate Reduced to 10 Percent The Social Security Administration announced it will decrease the default overpayment withholding rate for Social Security beneficiaries to ten percent (or $10,…

John McCarthy April 1, 2024

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Social Security Announces Four Key Updates to Address Improper Payments

Social Security Commissioner Martin O’Malley today announced he is taking four vital steps to immediately address overpayment issues customers and the agency have experienced. Commissioner O’Malley testified before the U.S.…

John McCarthy March 21, 2024

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Social Security comments on the President’s Fiscal Year 2025 Budget

The Biden-Harris Administration today released the President’s Budget for Fiscal Year 2025. Following historic progress made since the President took office—with nearly 15 million jobs created and inflation down two-thirds—the…

John McCarthy March 12, 2024

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Martin O’Malley Sworn in as Commissioner of Social Security Administration

Martin J. O’Malley was sworn in today by Senator Ben Cardin as Commissioner of Social Security to a term that expires on January 19, 2025. Commissioner O’Malley expressed his gratitude…

John McCarthy March 7, 2024

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Social Security shares proposed rule for payroll information exchange

The Social Security Administration published a proposed rule, “Use of Electronic Payroll Data to Improve Program Administration,” describing the agency’s plans for accessing and using information from payroll data providers…

John McCarthy February 17, 2024

At VIFreep Business News National News

Social Security Administration Updates Equity Action Plan

Increasing access to programs and improving service are the main goals of the updated Equity Action Plan released by the Social Security Administration (SSA) today. “We will administer our programs…

John McCarthy February 15, 2024

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Retirement and wealth building in the Virgin Islands – a proposal for GERS

Dear Editor: I am an ardent believer that government policies and initiatives should be geared toward inspiring and building wealth in communities. That said, it is imperative that we continue…

John McCarthy February 8, 2024

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How To Spot A Scam, The Social Security Column

Now is the perfect time to protect yourself from scams that can damage your finances and reputation. We can work together to keep your personal information safe! Stay informed of…

John McCarthy February 5, 2024