Social Security Law

Supplemental Security Income (SSI) is a federal program administered by the Social Security Administration (SSA). This program was created as a way to provide monthly cash assistance for need-based individuals.

To get SSI, a person must be disabled or at least 65 years old and have very limited income and resources – otherwise known as assets. In fact, the SSI program has the strictest asset limits of any federal program. Right now, SSI recipients cannot have more than $2,000
Continue Reading Keeping Recipients in Poverty: Problems with Supplemental Security Income Asset Limits

Do you prefer face-to-face meetings? Do you struggle getting through a phone tree or finding what you need online? Many of our clients receive Social Security Retirement benefits, Social Security Disability benefits, and various other benefits provided through the Social Security Administration (the “SSA”). Recently, Kilolo Kijakazi, the Acting Commissioner of Social Security, announced that local Social Security offices would resume in-person services on April 7,2022, including offering services to individuals without appointments. According to the SSA’s Closing and
Continue Reading Local Social Security Administration Offices Open for Business Again

Scams are growing more and more sophisticated with each passing year. Avoiding scams can be difficult, due to both how common they are and how convincing they can appear to be. The elderly are perhaps the most common targets for Social Security and Medicare scams, although people of all ages can and do fall victim to scam artists. The Federal Trade Commission (FTC) reports that victims lost millions of dollars to social security scams in 2018 alone, and that
Continue Reading Avoiding Social Security Scams in Wisconsin

On October 26, 2020 the Internal Revenue Service announced the cost-of-living adjustments for the various qualified retirement plan limits. Some of the limits shown below have increased from last year while others remained unchanged.

Qualified Plan Limit
Cost-of-Living Adjustments

401(k) and 403(b) elective deferral limit

2020 – $19,500

2021 – $19,500

$200,000 compensation limit

2020 – $285,000

2021 – $290,000

$160,000 defined benefit limit

2020 – $230,000

2021 – $230,000

$40,000 defined contribution limit

2020 – $57,000

2021 –
Continue Reading 2021 Qualified Plan Cost of Living Increases, 2021 Social Security Taxable Wage Base