If you’re a participant in the Supplemental Security Income (SSI) program, you might have been caught off guard by the lack of payment in September. Don’t worry! There was no oversight or delay with your payment. In place of that, the Social Security Administration (SSA) distributed it earlier. Let’s analyze why this occurred and when … Read more
Big News on Social Security Cuts: The Social Security program has some important digits for it’s beneficiaries such as 17 percent and 21 percent. These are tied directly to your monthly benefits and so you will want to keep an eye on them very carefully. It is for this reason that I propose to elaborate … Read more
A recent report from the Office of the Inspector General (OIG) has uncovered that the Social Security Administration (SSA) erroneously gave out over $22.8 million in benefits to the wrong recipients. A flaw in the Social Security Administration’s Electronic Representative Payee System (eRPS) is the basis of the issue that affects recipients of both Social … Read more
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
No SSI Payments: The Social Security Administration has said that SSI recipients will not be given any more payments until October. This new change has caused panic among those that use these funds to cater for their needs, especially those in the health sector. For those impacted by the delay, it is pertinent to know … Read more
2025 Social Security COLA Projection: The next year, 2025, will bring cost-of-living adjustments (COLA) for social security recipients that will result in a small improvement of the retirees’ benefits. This one is to bring balance to the several increases in the price of goods and services, thus sustaining the purchasing power of retired persons through … 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
Over the past few weeks, people received information that there will be a 30% Social Security Increase in 2024, causing anxiety to elderly and disabled people on whether they will be receiving higher benefits. However, getting information from credible sources, the above news is fake. Thus, the U.S. federal government and Social Security Administration (SSA) … 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
Social Security payment: People who are retired and getting SSDI can get paid on the same paydays. Social Security told these people who are qualified when they can get their money in their bank accounts. What Social Security has to offer within the payment plan is that retirees shall receive money on September 18. In … Read more