Big news is coming for seniors who rely on Social Security benefits. A new proposal aims to increase monthly benefits for seniors over the age of 62, promising a much-needed boost in their finances. This proposal, spearheaded by Representative Ruben Gallego, seeks to revise the cost of living adjustment (COLA) calculation, potentially transforming how Social … 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
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