As the holiday season unfolds, it’s a good time to remember that some of our financial commitments, like Social Security, don’t take a holiday break. The Social Security Administration (SSA) ensures that payments remain timely, even during December’s holidays. However, a few changes in the schedule and procedures for January 2025 might affect how you … Read more
President-elect Donald Trump’s proposal to eliminate taxes on Social Security benefits, tips, and overtime income was a central point of his campaign, and it resonated strongly with voters. According to recent polls, the idea is overwhelmingly popular, with 66% of Americans supporting the plan. But while the proposal sounds appealing, it may have far-reaching consequences … Read more
The Senate is poised to vote on the Social Security Fairness Act, a proposal to boost Social Security benefits for individuals who qualify for non-Social Security government pensions. Although the bill breezed through the House of Representatives with bipartisan support, the Senate faces internal divisions, particularly among Republicans, over the $200 billion cost and the … Read more
The Social Security Fairness Act has gained significant momentum, passing the House of Representatives with bipartisan support and backed by over 60,000 signatures on a petition urging Congress to act. However, the bill’s success hinges on Senate approval. Let’s look into the proposed changes and their potential impact. Social Security Fairness Act The Act seeks … Read more
The Social Security Administration (SSA) manages five key programs, including Social Security Disability Insurance (SSDI), commonly referred to as Disability. SSDI provides monthly payments to individuals who cannot work due to a disability lasting at least a year and significantly affecting their quality of life. Knowing when these payments arrive is crucial to financial planning. … Read more
Canada’s public retirement system—comprised of the Canada Pension Plan (CPP), Old Age Security (OAS), and Guaranteed Income Supplement (GIS)—continues to be a vital source of financial stability for retirees. For 2025, important updates have been announced, including adjusted benefit amounts and a payment schedule, ensuring that seniors can effectively plan for their financial needs amidst … Read more
As we step into 2025, Social Security beneficiaries should familiarize themselves with upcoming changes to the program. Most adjustments are inflation-related, but they can significantly impact benefits, calculations, and income limits for those still working. Staying informed is essential for making the most of your benefits in the new year. COLA Every year, Social Security … Read more
Social Security benefits follow a strict payment schedule to ensure beneficiaries receive their funds on time, helping them meet financial obligations. However, December can complicate the process due to holidays and weekends, potentially confusing recipients. Here’s a breakdown of the Social Security payment schedule and what to expect this December. Social Security Calendar The Social … Read more
The Social Security Fairness Act has reignited debate in Washington as it moves closer to a potential Senate vote. This bipartisan bill seeks to repeal two provisions—Windfall Elimination Provision (WEP) and Government Pension Offset (GPO)—that currently reduce Social Security benefits for millions of Americans. While supporters emphasize fairness and justice for workers, critics voice concerns … Read more
The Supplemental Nutrition Assistance Program (SNAP), formerly known as Food Stamps, is a vital program for millions of families in the U.S. It helps people purchase nutritious food and even allows the purchase of seeds and garden plants for growing your own produce. Each month, benefits are loaded onto an Electronic Benefits Transfer (EBT) card, … Read more