Every month, the Social Security Administration (SSA) sends payments to nearly 73 million people across the country. These payments go to retired workers, survivors, Social Security Disability Insurance (SSDI) recipients, and those receiving Supplemental Security Income (SSI). But when exactly will you get your payment? The SSA follows a specific schedule for distributing payments, based...
Social Security benefits play an essential role in supporting millions of Americans, with many families relying on these monthly payments for their livelihood. However, this December, there’s a change that beneficiaries need to be aware of. While the adjustment may seem confusing at first, the Social Security Administration (SSA) has planned to ensure payments are...
The “full retirement age” (FRA) for Social Security is set to rise again in 2025. This change means that those close to retiring will have to wait a little longer before they can claim their full benefits. Here’s everything you need to know about the upcoming increase and what it could mean for your retirement...
Millions of Social Security beneficiaries will receive their December retirement checks in just five days. For those who have retired at 70, their monthly check could be as much as $4,873. This payment is part of the final wave of December payments, which will be sent out on Tuesday, December 24. The regular Social Security...
For many retirees, Social Security benefits provide a steady income that helps cover monthly expenses. Receiving that check can give a sense of relief, knowing that your hard work over the years is finally paying off. However, there has been some confusion and concern lately about how much retirees will actually receive and when. It...
Social Security is more than just a retirement plan for individuals. For married couples, it offers additional financial support through spousal benefits. These benefits allow one spouse to claim Social Security based on their partner’s work record. Here are four essential things retired couples need to understand about spousal Social Security benefits. 1. When Can...
The U.S. Senate has advanced a significant bill to improve Social Security benefits for thousands of public service workers and retirees in Connecticut. On Wednesday, lawmakers voted to move forward with the “Social Security Fairness Act,” a bipartisan effort to repeal two long-standing provisions that have reduced benefits for certain workers. This decision follows overwhelming...
In just a few weeks, retirees will start receiving their first Social Security payments for 2025, including the new cost-of-living adjustment (COLA). The 2025 COLA will increase the average monthly Social Security check to $1,976. While this is a boost, it’s smaller than what many retirees were hoping for, especially after receiving higher increases in...
Millions of Social Security beneficiaries are set to receive their December retirement checks soon. The final round of payments, worth up to ₹4,873 for those who retire at the age of 70, will be sent out in just five days, on Tuesday, December 24. This date has been adjusted because December 25 is a federal...
The Social Security Administration (SSA) is gearing up to send Supplemental Security Income (SSI) checks for January 2025. Eligible recipients can expect their payments, worth up to $943 for individual filers, to arrive in just 12 days. When Will the Payments Arrive? SSI payments will be issued on December 31, 2024. This aligns with the...