Social Security benefits

Why Your Birthday Is Crucial for Receiving Social Security Benefits – Payment Schedule

by
Joe Biden

Around 70 million Americans depend on Social Security benefits each month. This crucial support reaches retired and disabled workers, their dependents, and survivors, with a staggering $1.5 trillion distributed annually. The Social Security Administration (SSA) uses a detailed payment schedule to manage these distributions, factoring in the type of program, the date benefits were requested, … Read more

Bad News for Retirees – Worst Expected Increase in Social Security Benefits

by
Joe Biden

Social Security benefits are critical for millions of beneficiaries in the United States. Any change that threatens this income will grab the interest of retirees and other recipients. One of the most important topics is the cost of living adjustment (COLA), which determines the percentage increase that all beneficiaries will get every year in their … Read more

Social Security Check Increase by $460 – How to Get the Boost

by
Joe Biden

There is an unknown approach that could help retirees raise their monthly Social Security check by more than 24% over three years. On average, retired workers receive $1,900 in monthly benefits, totaling $22,980 annually. Some retirees can utilize this payout to cover a portion of their living expenses, but most people will struggle to enjoy … Read more

Good News for Retirees – Social Security Announces Upcoming $1,907 Payment Date

by
Joe Biden

Social Security is crucial for providing financial assistance to retired workers, survivors, disabled individuals, and Supplemental Security Income (SSI) recipients. These payments help millions cover essential needs and adjust to inflation. Recently, the Social Security Administration (SSA) announced a new $1,900 payment for seniors born between the 11th and the 20th of any month who … Read more

Unexpected Cuts in Social Security Benefits – What Retirees Need to Do

by
Joe Biden

Planning for retirement can be exciting, especially when considering Social Security benefits. Many envision these benefits as a ticket to fulfilling dreams or simply living comfortably. However, the reality might be different. The average Social Security payment for retired workers is about $1,917 per month. This amount can vary significantly based on individual circumstances, such … Read more

The Little-Known Strategy to Increase Your Social Security Benefits – Earn $700 More per Month

by
Joe Biden

Receiving a monthly check brings peace of mind to millions of retirees after years of hard work. Even after claiming Social Security benefits, retirees can receive a monthly income based on the Social Security Administration’s (SSA) calculations. There are opportunities and moves some people can make to increase their monthly benefits. For example, there is … Read more

Social Security Announces New Cuts in Retiree Benefits – Say Goodbye to $300

by
Joe Biden

Claiming Social Security benefits is a pivotal moment when approaching retirement. While monthly deposits bring peace of mind to millions of retired Americans, economic and financial events can affect these payments. Unfortunately, it appears benefit cuts are inevitable if lawmakers fail to act in time. Social Security trust funds are projected to be depleted by … Read more

New Benefits for Retirees Starting in 2025 – Planned Changes by Social Security

by
Joe Biden

The cost-of-living adjustment (COLA) significantly impacts Social Security benefits, making it a crucial issue for retirees and beneficiaries. The Senior Citizens League (TSCL) has recently provided updated estimates, suggesting the COLA for 2025 could be between 2.6% and 3%. While this is less than the 3.2% COLA for 2024, there are several reasons why retirees … Read more

The 2 Social Security Rules That Can Increase Retirees’ Paychecks

by
Martin O'Malley

As you approach retirement, the decisions you make about Social Security become increasingly important. The amount you have contributed to Social Security over your career influences your benefits, but you also have some control over when you start receiving those benefits. If your financial situation allows, strategically timing your Social Security benefits can significantly impact … Read more

Upcoming Social Security Changes in the Next Few Months – How They Will Affect Retiree Paychecks

by
Joe Biden

The Social Security Administration (SSA) is the federal agency responsible for sending out millions of benefit checks to more than 71 million beneficiaries in the United States. Established in 1935, the SSA continually evolves, making changes to its requirements and developing new rules for the Retirement, Survivors, and Disability Insurance (RSDI) and Supplemental Security Income … Read more