Many South Africans grapple with financial challenges, turning to the South African Social Security Agency (SASSA) for much-needed assistance. SASSA provides various grants tailored to the needs of children, the elderly, people with disabilities, and others in dire circumstances. These grants serve as a safety net, ensuring the country’s most vulnerable populations receive essential support. … Read more
Social Security provides a crucial safety net for millions of retirees, but for many, the benefits alone aren’t enough to meet basic needs. According to a 2024 survey by the Nationwide Retirement Institute, 55% of U.S. adults feel their Social Security checks fall short of covering essential expenses. Similarly, a T. Rowe Price study shows … Read more
The Supplemental Nutrition Assistance Program (SNAP), commonly referred to as food stamps, helps millions of low- and no-income families afford groceries every month. Funds are distributed via Electronic Benefit Transfer (EBT) cards and can be used at authorized retailers and some online platforms. If you’re a SNAP recipient, here’s everything you need to know about … Read more
The law permitting state agencies to use federal funds to replace stolen SNAP (Supplemental Nutrition Assistance Program) benefits has been extended until September 30, 2028, following the approval of a continuing resolution by Congress. Originally set to expire on December 20, this extension is crucial to combating the growing problem of SNAP benefit fraud. Extension … Read more
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