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
Good news is on the horizon for those receiving Social Security benefits! The Social Security Administration (SSA) has announced a $200 cost of living adjustment (COLA) increase set for June 2024. This adjustment aims to support over 71 million Americans by boosting their financial aid. Let’s cut into who qualifies for this increase and what … Read more
The Social Security Disability Insurance (SSDI) program recently announced a small but significant change to their payment schedule for June. Recipients of SSDI will receive their monthly benefits a day earlier than usual. If your birthday falls between the 11th and 20th, this change affects you directly. It’s important to remember that your monthly SSDI … Read more
The Social Security Administration (SSA) distributes monthly benefits to over 72 million U.S. citizens, making any changes to the system significant for those who rely on these payments, especially seniors. Social Security is crucial for helping seniors cover their expenses and enjoy their golden years. Let’s look into the upcoming changes in 2025 and how … Read more
The Supplemental Security Income (SSI) program is set to see some changes potentially on the horizon. According to predictions from The Seniors Citizen League, a Cost-of-Living Adjustment (COLA) of 2.66% might be in store for 2025. While these figures are speculative and dependent on future inflation rates, it’s intriguing to consider what these adjustments could … Read more
The Social Security Administration (SSA) recently announced changes to the benefit payment schedule for June due to some payment dates falling on weekends or federal holidays. If you are a Social Security beneficiary, here is all the information you need about the upcoming changes and how they will affect your SSI, SSDI, and retirement benefit … Read more
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