Millions of Social Security beneficiaries are eagerly awaiting an expected increase in their monthly benefits to help combat inflation pressures. While the official cost of living adjustment (COLA) for 2025 has not yet been announced, many estimates suggest it could exceed 3% due to rising inflation. This adjustment is crucial for retirees, survivors, disabled individuals, … Read more
In June, Social Security payments will follow a slightly altered schedule to ensure recipients receive their benefits on time. This adjustment is essential for many who rely heavily on these payments. Why the Change in Schedule? The Social Security Administration (SSA) occasionally shifts payment dates when the first of the month falls on a weekend … Read more
The Social Security Administration (SSA) provides disability benefits to approximately 55 million people across the United States. Due to the upcoming Juneteenth National Independence Day, which is a federal holiday, there will be a slight change in the Social Security Disability Insurance (SSDI) payment schedule. If you qualify for SSDI, here’s what you need to … Read more
The world of cryptocurrencies is no stranger to controversy, but the latest news is making significant waves. New York Attorney General Letitia James has announced a groundbreaking settlement with several key players in the crypto industry, costing them a staggering $2 billion. This settlement is a major win for investors, particularly the nearly 30,000 New … Read more
In an effort to mitigate the impact of inflation on its residents, California initiated the Middle-Class Tax Refund (MCTR) program. This one-time payment, orchestrated by Governor Gavin Newsom in collaboration with state lawmakers, was distributed between October 2022 and September 2023. How the Payments Work The MCTR payments ranged from $200 to $1,050, determined by … Read more
Visa, a leading player in the global payments industry, is rolling out several new features aimed at enhancing the user experience. These updates, seen at the Visa Payments Forum in San Francisco, promise to make transactions more seamless and secure for cardholders. No More Physical Cards One of the most anticipated changes is that users … Read more
Millions of Americans receive payments from the Social Security Administration (SSA), but only a small fraction qualify for the largest checks or direct deposits. Understanding how the SSA’s rules work is crucial to maximizing your retirement benefits. Early Retirement at 62 At age 62, the average Social Security payment is less than $1,300 per month. … Read more
Social Security payments are crucial for many Americans, particularly those receiving Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI). Here’s what you need to know about the upcoming payment dates and eligibility requirements. May SSI Payment Schedule Although most payments for May will conclude by May 22, SSI recipients will receive an additional … Read more
High inflation and soaring prices have left many low-income families struggling to cover essential costs like electricity and gas bills. The Colorado Department of Revenue offers a vital financial lifeline through the Property Tax/Rent/Heat Credit (PTC) Rebate. This program provides much-needed relief for seniors and citizens with disabilities. Eligibility Requirements To qualify for the PTC … Read more
The latest statistics from the Social Security Administration (SSA) indicate that approximately 7.5 million Americans receive Supplemental Security Income (SSI) payments. Of this group, about 2.3 million are over 65 years old, and 4.2 million are between the ages of 18 and 64. Upcoming SSI Payment Dates The SSA’s payment schedule sometimes adjusts when paydays … Read more