Social Security, a cornerstone of retirement income for millions of Americans, is set to undergo significant adjustments in 2025. The Social Security Administration (SSA) regularly updates its policies to ensure that the program continues to provide essential financial support to retirees, disabled individuals, and their families. These updates reflect changes in economic conditions and aim … Read more
The Social Security Administration (SSA) provides crucial financial support to retirees, individuals with disabilities, and eligible family members. In 2024, beneficiaries will see a 3.2% increase in their benefits due to a Cost of Living Adjustment (COLA) designed to help offset inflation. This adjustment impacts Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), and … Read more
As August approaches, Social Security beneficiaries are preparing for their upcoming payments. It’s also a good time to review your July payments to ensure they were correctly deposited. Understanding the Social Security payment schedule, which varies based on your date of birth, the type of benefits you receive, and when you started receiving them, is … Read more
Next month, Social Security Income (SSI) beneficiaries should note that they won’t receive a payment in September, as the Social Security Administration (SSA) has rescheduled the benefit for August 30th. This change occurs because September 1st falls on a Sunday, and payments are typically not made on weekends or federal holidays. While this adjustment means … Read more
Next month, Social Security Income (SSI) beneficiaries should note that they won’t receive a payment in September, as the Social Security Administration (SSA) has rescheduled the benefit for August 30th. This change occurs because September 1st falls on a Sunday, and payments are typically not made on weekends or federal holidays. While this adjustment means … Read more
Social Security payments are expected to see an increase next year, though the exact percentage will only be confirmed later this fall. Since 1975, monthly benefits have included a cost-of-living adjustment (COLA), designed to help maintain purchasing power by adjusting payments according to inflation. However, the annual increase is not guaranteed and varies based on … Read more
This month, some retirees may notice reduced Social Security checks, affecting their monthly income. If you qualify for retirement benefits, it’s essential to understand the reasons behind potential payment reductions, as these changes can significantly impact your financial planning. By being informed, you can better manage your budget and make necessary adjustments. Below, we’ll explore … Read more
A recent Colorado Court of Appeals ruling has the potential to reshape how Social Security benefits are treated in alimony calculations. This decision could have a significant impact on retirees and those receiving Social Security benefits, particularly when it comes to determining spousal support obligations. The ruling clarifies that Social Security benefits can be considered … Read more
Every year, the Social Security Administration (SSA) implements changes to enhance the program’s conditions for beneficiaries across the country. However, concerns about the future of Social Security have recently gained momentum. According to the latest Trustees Report, the Social Security retirement trust fund is projected to be depleted by 2033 unless Congress intervenes. This looming … Read more
Many Americans depend on Social Security payments to cover their essential expenses, making these monthly checks a crucial part of their financial stability. In 2024, more than 70 million individuals are expected to receive Social Security benefits, amounting to approximately $1.5 trillion. Given that a significant portion of recipients are over 65 and rely heavily … Read more