As December approaches, millions of Americans who receive Supplemental Security Income (SSI) are looking forward to some important changes in their payments. These extra payments are a much-needed financial boost for seniors, people with disabilities, and other qualifying individuals. The end of the year brings many financial opportunities, but it’s important to understand exactly when...
The conversation about raising the retirement age in the U.S. has been a heated topic in 2024. With the Social Security Administration (SSA) predicting its funds could run dry by 2035, many lawmakers are looking for solutions to keep the program afloat. One of the most talked-about proposals is raising the minimum retirement age. Proponents...
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)...