For millions of Americans, Social Security payments are a crucial part of their monthly income. With the holidays approaching, beneficiaries need to stay on top of any changes to the payment schedule. December 2024 brings a shift in when payments are received, so knowing these dates in advance will help you plan your budget. Let’s...
The Social Security Administration (SSA) has confirmed the new payment schedule for 2025, marking a significant change for Supplemental Security Income (SSI) beneficiaries. Millions of recipients will soon see their first increase in payments, but there’s an important update regarding the date of the January 2025 SSI payment. Due to January 1st falling on a...
Several changes are coming in 2025 that will impact our wallets and bank accounts. One of the most notable adjustments involves the maximum amount of income subject to Social Security taxes. While the 12.4% tax rate on earnings remains unchanged, the maximum income that can be taxed for Social Security purposes is rising again. This...
As 2025 approaches, retirees and Social Security beneficiaries can expect important changes that will affect their finances. These adjustments will impact not just retirees but also people still working and those receiving disability benefits. Knowing about these updates before the New Year will help you better plan and manage your money. 2.5% COLA Adjustment: Small...
Republican lawmakers are pushing for a new plan to tackle the growing national debt by increasing the retirement age. Congressman Mark Alford from Missouri recently discussed this on Fox News, where he suggested raising the retirement age as a solution to reduce federal costs. Alford mentioned a meeting with tech billionaire Elon Musk and entrepreneur...
Nizam Abazid is excitedly organizing his first visit to Syria, his childhood home, in decades. The idea of introducing her three children to relatives they have never met in person excites Rama Alhoussaini, who was just six years old when her family relocated to the United States. They join thousands of Syrian Americans in the...
Social Security benefits are a crucial source of income for millions of Americans, especially retirees. Every year, these benefits are adjusted to help beneficiaries keep up with inflation and maintain their purchasing power. As we approach 2025, understanding what the average Social Security benefit might look like is essential for those planning their finances or...
Certain items you own do not count toward the limits for Supplemental Security Income (SSI). These exclusions are important as they help ensure essential belongings and resources don’t disqualify you from receiving much-needed benefits. Let’s explore what these items are and how SSI works. What Is SSI? Supplemental Security Income (SSI) is a federal program...
Alaska’s Permanent Fund Dividend (PFD) is a unique program that benefits residents by sharing profits from the state’s natural resources, especially oil and gas. Created in 1976, the fund ensures that all Alaskans benefit from the state’s wealth. Every year, this program provides residents with a financial boost, helping individuals and families manage expenses and...
(CBS DETROIT) In relation to an arson investigation, Detroit authorities are searching for a suspect. On November 4, according to the Detroit Fire Investigation Division, a suspect went up to a house on the 1900 block of 25th Street and set it on fire. At the time of the fire, the property was undergoing renovations...