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...
The Social Security Administration (SSA) sends payments to millions of Americans each month. These payments mostly go to retired workers, individuals with disabilities, or people with low incomes who qualify for Supplemental Security Income (SSI). Surprisingly, immigrants in the U.S. can also receive these payments. The “7-year rule” is a policy that allows non-citizens to...
The Social Security payment system in the United States is well-organized, and payments are made according to a beneficiary’s date of birth and the year they started retirement. This helps in smooth distribution throughout the month. For December 18, 2024, only beneficiaries born between December 11 and December 20 will get their payments. If your...
Relocating from the United States to Australia is an exciting adventure, but it brings up important questions about your financial future, especially concerning U.S. Social Security benefits. If you’ve spent years contributing to the U.S. Social Security system and are now residing in Australia, understanding how to access these benefits is crucial. Let’s explore how...
In the United States, disability payments are crucial financial support for millions of individuals with physical or mental challenges. These monthly payments help families cover their essential needs. However, December brings a unique concern: not everyone will get their checks before Christmas. This situation could disrupt holiday plans for many. The Social Security Administration (SSA)...
As we enter the third week of December, Social Security recipients are eagerly waiting for their payments. With the end of the year approaching, it’s important to know when you’ll be receiving your check. Understanding how payment dates are determined and when to expect your money can help you plan for the month ahead. This...