The year 2025 is set to bring significant changes for retirees, especially those relying on Social Security. As the new administration takes charge, there are multiple shifts in government spending priorities, which may have far-reaching effects on Social Security benefits. Retirees must understand these changes and take action before any new policies are implemented. 1....
Every year, the Social Security Administration (SSA) updates the amount of money you can earn without seeing a reduction in your Social Security benefits. This is called the Social Security Earnings Test, and it affects those who receive benefits before they reach Full Retirement Age (FRA). If you earn more than a certain amount, the...
Counterfeit money has always been a major problem worldwide. While governments are constantly improving security features on currency, criminals find new ways to fake bills using advanced technology. To keep the US currency safe and secure, the Bureau of Engraving & Printing (BEP) regularly updates the design of dollar bills. These changes aim to make...
The amount you receive as a Social Security benefit depends a lot on when you decide to start collecting it. It’s a key decision because starting early at age 62 can lower your monthly payout by hundreds of dollars. For those born in 1960 or later, the full retirement age is 67. At this age,...
Southeast Michigan residents should prepare for more winter weather as two snow systems are expected to move through the area this week. With colder air arriving, the region will see light snowfall midweek, followed by lake-effect snow and a freezing weekend. First Round of Snow: Wednesday Morning The first snow system will arrive on Wednesday...
The Social Security Fairness Act, which is gaining attention in Congress, seeks to repeal two controversial provisions in Social Security: the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). While it sounds like a positive change on the surface, many financial experts and policymakers believe it could lead to unintended financial consequences. The...
Social Security and Medicare are lifelines for millions of Americans. For decades, they’ve ensured older generations can retire with dignity and access basic healthcare. Yet, in today’s rapidly evolving economy, concerns about their survival are rising. Discussions surrounding late-stage capitalism—where profits often outweigh public welfare—reveal how fragile these systems might be. What happens if Social...
In a hard-hitting interview that quickly made headlines, NPR’s Mary Louise Kelly sat down with a senior Trump adviser to discuss the administration’s policies and goals. Known for her sharp and balanced interviewing style, Kelly didn’t hold back as she questioned the adviser on critical issues surrounding immigration, economic plans, and foreign relations. The conversation...
Social Security Disability Insurance (SSDI) recipients can expect their checks to arrive soon. With only two rounds of payments left for 2024, those who haven’t received their checks yet should be getting them shortly. Your payment date depends on a few important factors. If you’re unsure when your payment is due, don’t worry—we’ve broken everything...
If you’re married or divorced and relying on Social Security, 2025 is bringing important updates you can’t ignore. From a slight Cost-of-Living Adjustment (COLA) to increased Medicare premiums and updated earnings limits, these changes may affect how much you receive each month. Here’s a clear breakdown of what you need to know. 1. A Smaller...