The Social Security retirement program delivers monthly benefits of over $1,900 to around 55 million retirees and survivors. On May 22nd, retirees born between the 21st and the 31st will receive their fourth Social Security benefit payment. These payments include the 3.2% cost-of-living adjustment (COLA) to help maintain retirees’ purchasing power. Inflation With inflation on … Read more
Today, May 31st, will not be the last Social Security payment for the month of May. The Social Security Administration has rescheduled the Supplemental Security Income (SSI) payment, typically made on the 3rd of June, to Friday, May 31st. As a result, millions of SSI recipients will receive their monthly benefits worth up to $1,415, … Read more
The Social Security Administration (SSA) has released the disability benefit payments for the month of May to eligible Social Security Disability Insurance (SSDI) recipients. This payment includes the 3.2% cost-of-living adjustment (COLA) increase to help offset the impact of inflation on disabled individuals’ incomes. SSDI Benefits SSDI benefits are designed to provide financial support to … Read more
For many American families, benefits are essential for survival, and one of the most crucial programs is the Supplemental Nutrition Assistance Program (SNAP). Despite its tailored approach to individual circumstances, SNAP benefits often fall short of covering all family needs. Therefore, knowing how to stretch these benefits to the last dollar is fundamental for improving … Read more
Where you live significantly influences your quality of life, especially if you rely on the fixed income provided by Social Security benefits. While the federal government taxes Social Security income for retirees who exceed a certain income level, most states do not independently tax these benefits. However, this is not the case nationwide, as 12 … Read more
Amid the challenging economic climate, states are taking proactive measures to improve their residents’ lives. Alaska is the latest to act, aiming to increase pensions for its 2 million Social Security recipients. This initiative addresses a significant issue: the Windfall Elimination Provision (WEP), which reduces benefits for workers with pensions from jobs that didn’t pay … Read more
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