Finance

Social Security 2100 Act Increase in June 2024 – Know the Amount, Eligibility & Payment Dates

by
Joe Biden

It’s no secret that the recent legislation, the Social Security 2100 Act, was passed by Congress to provide much-needed financial support to American citizens. The Social Security Administration (SSA) has rolled out several initiatives under this act, aiming to help qualified individuals improve their living standards, particularly in light of rising inflation. Here’s everything you … Read more

How to Increase Your Social Security Benefit by $1,033 Per Month

by
Joe Biden

For many retirees, Social Security benefits are a crucial part of their income. Since these benefits are based on your lifetime earnings and contributions to the program, increasing them beyond the annual Cost of Living Adjustments can be challenging. However, patience can significantly impact your benefit amount. Deciding when to claim your benefits is a … Read more

Knowing Double Payments of Social Security Disability Benefits – SSI and SSDI Delivery Schedule

by
Joe Biden

Many people think the Social Security Administration (SSA) schedule is a puzzle that only a few can solve. This belief likely started when benefits checks were mailed, causing recipients to wait indefinitely due to various local conditions like snowstorms or postal delays. Even with most people opting for direct deposit nowadays, the SSA’s schedule can … Read more

Increase Your Social Security Benefits by $460 – Here’s How

by
Joe Biden

Did you know there’s a strategy that could boost your Social Security benefits by over 24% in just three years? On average, retired workers receive around $1,900 per month, which totals about $22,980 annually. While this helps cover some expenses, it’s often not enough for a comfortable retirement. But, there’s a way to increase your … Read more

Major Changes to Social Security Benefits in 2024 – What Retirees Need to Know

by
Joe Biden

The latest Social Security Trustees Report has sparked a renewed sense of urgency about the future of Social Security. According to the report, the program might not exist in its current form by 2035, urging Americans to act now. While Congress is working on measures to address the funding issues, it’s clear that we need … Read more

Social Security Announces All Upcoming Benefit Payment Dates – June and July Calendar

by
Joe Biden

Social Security payments in 2024 have been a hot topic since the start of the year. With a Cost-of-Living Adjustment (COLA) of 3.2%, many were hopeful about economic improvements. However, compared to the 8.7% adjustment in 2023, some were dissatisfied, especially when inflation outpaced the COLA in March. In 2023, the COLA was high due … Read more

Double SSI Payment in August – $2,800 Monthly Payment Confirmed

by
Joe Biden

In August, recipients of the Supplemental Security Income (SSI) program will be delighted to find a double SSI payment in their accounts. If you’re eligible for these monthly benefits, mark your calendar for August 1st, when you could receive up to $2,800. This double payment occurs because the first of September falls on a weekend, … Read more

Stimulus Payments in 3 States – This is the Money You Can Get

by
Joe Biden

While federal stimulus checks have ended, several states continue to provide direct payments to help residents tackle ongoing economic challenges and inflation. These rebates often promote sustainable energy choices, like purchasing electric vehicles or implementing clean energy solutions at home. So, which states still offer payments that Americans should look out for? Check for Unclaimed … Read more

The Prospects of a 9% COLA in 2025 – What It Means for Retirees

by
Joe Biden

With economic uncertainties continuing to loom large, discussions about the Cost of Living Adjustments (COLA) for 2025 are heating up. Comparisons with the notable 8.7% increase in 2023 have fueled speculation about next year’s adjustments. Economists, lawmakers, nonprofits, and other experts are keen on predicting the next COLA figure while striving to stabilize the economy, … Read more

Know the New $1,200 Stimulus Check Requirements in California

by
Joe Biden

In response to the severe economic impact of the COVID-19 pandemic, the federal government issued multiple rounds of stimulus checks to help Americans facing financial hardships. Although a fourth round of federal stimulus checks is not forthcoming, Californians can look forward to a new $1,200 stimulus check, known as the Middle-Class Tax Refund (MCTR). Let’s … Read more