The Social Security Administration (SSA) recently announced two significant changes to the June benefit payment schedule. If you are a Social Security beneficiary, it’s essential to be aware of these changes and understand how they will affect your monthly payment dates. The SSA is responsible for distributing monthly benefits to millions of Americans through retirement, … Read more
Retirement is often envisioned as a golden age where you can explore the world, cruise the seas, or settle in a new, idyllic location. For many Americans, this includes the possibility of living abroad. But can you move overseas and still collect Social Security benefits? The short answer is yes, you can retire abroad and … Read more
Everything seems to have changed for retirees when it comes to the 2025 Cost of Living Adjustment (COLA) projections. The volatile economy has left the Social Security Administration’s annual COLA more uncertain than ever. Earlier this year, predictions set the increase at 2.6%, but now it’s unclear if that number will hold or if it … Read more
Big news for SSI recipients: there will be no payments next month. This change comes as the Social Security Administration (SSA) reschedules the June 3rd payment to May 31st. This means millions who rely on Supplemental Security Income (SSI) won’t receive their usual benefits of up to $1,415 next month. Why the Change? The SSA’s … Read more
The Social Security Disability Insurance (SSDI) program provides crucial financial support to approximately 55 million disabled individuals across the United States. For those born between the 21st and the 31st, the next disability benefit payment will be made on Wednesday, May 22nd. These payments include a 3.2% increase from the cost of living adjustment (COLA) … Read more
Getting paid on time is essential for everyone, but it’s especially critical for pensioners and those on Social Security benefits. Many beneficiaries, particularly those qualifying for Supplemental Security Income (SSI), live close to the poverty line and rely heavily on timely payments. A delay could seriously derail their lives. Challenges of Limited Resources Living with … Read more
Contrary to popular belief, working and receiving Social Security benefits are not mutually exclusive. You can indeed hold down a job while still collecting various forms of Social Security benefits, such as retirement benefits, spousal benefits, and survivor benefits. Let’s cut into how this works and what you need to keep in mind. Annual Review … Read more
The US real estate market has been a rollercoaster lately. The pandemic saw prices skyrocket in the countryside and plummet in high-cost urban areas, only to reverse soon after. Now, high inflation and mortgage rates have created new challenges for aspiring homeowners. Yet, there seems to be a glimmer of hope on the horizon. Slight … Read more
Knowing your rights regarding Social Security benefits is crucial for securing a comfortable retirement. This is especially true for the over 40% of baby boomers who depend on Social Security as their primary source of retirement income. This significant statistic comes from a 2023 report by the Transamerica Center for Retirement Studies, highlighting the importance … Read more
Social Security payments are one of the most uncertain certainties for retired Americans. While funding is often at risk with each new budget, there’s a glimmer of hope as experts begin to predict what Social Security payments might look like in fifteen years. Doing the Math Martha Shedden, a CFP and president of the National … Read more