The Supplemental Security Income (SSI) program is always due on the first calendar day of the month. But if the first day is a federal holiday or the weekend, Social Security needs to change. In this manner, the benefit payment given to the Americans on a low income would be sent earlier and won’t be … Read more
Thanksgiving is just around the corner and so is Black Friday. Now millions of Social Security and SSI recipients are waiting for their monthly benefit payment. November. Though November has just five paydays, there will be six payments this month. This means it’s time to find out when you should expect to get money from … Read more
Starting from the fiscal year 2025, 65 million people on Social Security will receive $5- $10 more each month. Based on COLA, the price increases on average of about $48 per month annually, every year. They also raised some amount with the intention of assisting seniors and other beneficiaries to be able to afford the … Read more
5 Myths About Social Security That Older People Still Believe: People of America rely on Social Security as one of their strategies as they prepare for retirement so that they can have the money they need. However, many misconceptions about Social Security remain as we approach 2024, which could impact the financial decision and retirement-security … Read more
Now, as 2024 winds down, Social Security Administration (SSA) beneficiaries are gearing up to get the last of the year’s payments. Through November, the last three disbursements of up to $900 come before payments of a Cost of Living Adjustment (COLA) increase in January 2025. That adjustment, estimated at about 2.5%, provides some relief from … Read more
Check out these five popular Social Security myths that could affect how you plan to retire in 2024. It’s important to know the truth about these myths if you want to be financially secure in your later years. Today, learn how to make smart choices about your Social Security payments. 5 Myths About Social Security … Read more
Last month, the Social Security Administration said that it will stop issuing supplemental security income (SSI) checks to millions of people who receive them and that they will continue to reside in poverty permanently. The figures circulated by the SSA show more than 100,000 people nationwide have been kicked off the SSI rolls last year. … Read more
Pensioners Will Get The Increased Benefit Of $50: Social Security claimants will receive a $88 addition to the per retiree per annum cost of living adjustment of 2.5% in 2025. This is a very small margin that is offsetting inflation with the rising Medicare rates that are cutting down on the net margin. The amount … Read more
How Do Couples Get The $3,089 Social Security Benefit: Social Security is an important way for millions of old Americans to make money. Maximizing these perks is important for couples who want to live a comfortable life after retirement. Couples who know how to qualify and when to get their payments can get up to … Read more
The Social Security Administration announced changes to all benefits just a few days ago. Beneficiaries buzzed with excitement over this forthcoming update to see how their monthly checks would be changed. Right now, the highest-paid Social Security recipients receive a monthly check of over $4,000, or over $58,000 a year. In 2025, this figure will … Read more