If you’re a senior over 62 who has already claimed Social Security payments, it’s time to keep an eye on your bank account. This June, eligible recipients can expect another round of monthly benefits, with payments reaching up to $4,873. Due to a federal holiday on June 19th, the usual schedule has a slight adjustment. … Read more
The Social Security Administration (SSA) provides disability benefits to over 55 million disabled workers across the nation. If you’re a recipient of these benefits, knowing when your payment will arrive is crucial. For June 2024, there’s a slight change in the schedule due to a federal holiday. Here’s what you need to know. SSDI Payment … Read more
Social Security benefits are a crucial support system for over 70 million Americans, providing financial aid to help cover essential expenses. Initiated by the Social Security Administration (SSA), these monthly payments offer a safety net for low-income individuals, the disabled, and families who have lost their primary earners. Here, we’ll delve into the top 10 … Read more
Many people assume that Social Security offices are open year-round, but in reality, they do close on certain days and months. While most services are available online or through automated phone systems, there are specific times when in-person assistance isn’t accessible. For those unable to get help from Social Security on a federal holiday, calling … Read more
The 18th Lok Sabha election has recently concluded, marking a significant event for India’s democracy. The results will be announced on June 4, 2024. Over the past month, elections were held across various states from April 19 to June 1, 2024, in seven phases. A total of 543 constituencies participated, and now, the Election Commission … Read more
If you’re receiving Social Security benefits, you know the importance of timely and accurate payments. To avoid potential overpayments and the hassle of dealing with government agencies, it’s crucial to understand when and how you’ll receive your benefits. Many believe that Social Security benefits arrive on the same day each month, much like a regular … Read more
The Social Security Administration (SSA) is the federal agency responsible for administering monthly payments to about 67 million retired workers in the United States. These payments come from the Retirement, Survivor, and Disability Insurance (RSDI) program, funded by a payroll tax. Both employers and employees contribute 6.2% of wages up to the taxable maximum of … Read more
Social Security has recently revealed a significant change in payroll payments to retirees, and it’s crucial to understand these changes to avoid inaccuracies in your payments. While the Social Security Administration (SSA) generally maintains a high accuracy rate—98.82% for underpayments in 2022—mistakes can still occur, affecting a substantial number of retirees. Impact of Inaccuracies Despite … Read more
As COVID-19 wreaked havoc on the global economy, the federal government stepped in with billions of dollars in stimulus checks to aid struggling Americans. Recently, the IRS confirmed that there won’t be a fourth round of federal stimulus checks. However, there are still opportunities for financial relief available. If you’re curious about the current stimulus … Read more
June brings a change for seniors over 65 receiving Supplemental Security Income (SSI) benefits: there will be no SSI payments this month. This adjustment comes after the Social Security Administration (SSA) issued a double payment in May, as the first of June falls on a Saturday. When this occurs, the SSA reschedules payments to the … Read more