The Social Security Fairness Act is at risk of failing if the Senate doesn’t vote on it soon. This bill, aimed at helping public sector workers like teachers, firefighters, and police officers, was passed by the U.S. House in November but hasn’t been voted on by the Senate. If it doesn’t pass by year-end, it...
We’re just weeks away from the new Social Security cost-of-living adjustment (COLA) for 2025 coming into effect. Starting in January, millions of Social Security beneficiaries will see a 2.5% increase in their monthly payments. Though lower than the COLA for the past two years, this adjustment aims to help beneficiaries keep up with rising costs....
A new court decision that permits the Biden administration’s debt relief plan to proceed could mean that millions of Americans could soon be eligible for student loan forgiveness. This breakthrough offers help to individuals struggling with student loan debt by acting as a financial lifeline like to the stimulus payments during the pandemic. Background: Financial...
The US is about to receive fresh SSDI payments for qualifying Social Security beneficiaries. Only individuals who have applied and been approved will be eligible for these new checks and direct deposits. Of course, remaining eligible is crucial, and reporting any health improvements is obligatory. If not, it might lead to uncomfortable and unwanted overpayments....
Thousands of Americans may submit applications for Social Security retirement benefits on occasion, but they may not fully utilize their benefits. They bid a significant sum of money farewell while doing so. Here are some crucial suggestions to help you maximize your Social Security benefits if you want to receive the highest possible amount. It...
Social Security is a vital source of income for many retirees in their latter years. Nearly 97% of persons between the ages of 60 and 89 either presently receive or will get these benefits, according to the Social Security Administration (SSA). Many people rely on this program, so it’s important to know exactly what you...
Social Security becomes a much more topical topic of discussion as retirement approaches. For numerous retirees, it serves as an essential source of income. In actuality, the Center for Budget and Policy Priorities estimates that Social Security keeps nearly 22 million individuals out of poverty. Social Security is important, but it might not provide as...
Some Social Security recipients, especially those who receive Supplemental Security Income (SSI), will notice a shift in their payment schedule as September draws near. Because September 1st falls on a Sunday, SSI users previously received their September payment on August 30. This change is the consequence of a planned revision. The Social Security Income (SSI)...
Some states began distributing food stamps on September 1st, while others would keep providing benefits until September 28th. Are you unsure of when the United States Department of Agriculture (USDA) will send you your money? Let’s talk about the precise dates for every state and the information you need to know in order to get...
In an effort to assist retirees, those with disabilities, and other recipients in keeping up with growing expenses, the Social Security Administration has announced a benefit increase that will take effect in September. With the cost of necessities rising due to inflation, this increase will give beneficiaries much-needed financial respite and enable them to spend...