Your knowledge of how your Social Security benefits stand in comparison to the norm can help you make more effective plans for retirement. In August 2024, the Social Security Administration (SSA) dispensed $98.2 billion in benefits, benefiting over 51.2 million retirees with their regular monthly payments. On average, retirees received a payment of $1,920.48 per … Read more
Social Security Benefit Cuts: The social security system that pays monthly benefits to retired individuals and disabled people is in financial trouble. Specifically, as the population of baby boomers continues to retire and there are fewer wage-earners that are under forty years old, the SSA may exhaust its funds to finance full retirement benefits by … Read more
Will You Not Get Social Security? Millions of seniors depend on Social Security, yet not everyone qualifies. After working and paying into Social Security for years, most people may retire, but some may be surprised to realize they don’t qualify. Knowing eligibility might help you plan for retirement and avoid surprises. Who Is Eligible for … Read more
$3500 Old Age Security Payment: The Canada Revenue Agency is sending the monthly pension payment to OAS plan holders in the state as $3500 Old Age Security September Payment 2024. The $3,500 Old Age Security Sep Payment 2024 from CRA should be sent out on September 25, 2024. If you are also a beneficiary, you … Read more