A recent proposal from an important senior advocacy group proposes that a one-time payment amount to $495 be given to persons receiving Social Security benefits. This amount could be defined as dividends possibly coming from recovering paid-back Social Security overpayment funds. So far, the initiative is in its early stages; however, it opened doors for … Read more
Ready to apply for Social Security benefits soon? Good news for you: The Social Security Administration (SSA) announced a sizable increase in payments for 62-year-old retirees-in-need, beginning in March 2025. And that forms part of the Cost-of-Living Adjustment (COLA) that keeps the Social Security benefits on pace with inflation, enabling retirees to enjoy financial stability. … Read more
The economic welfare of Canadian Seniors is a matter of priority for the Government. The initiatives are made by the CRA which gives financial support and stability to the seniors in their old age. The old age pension, Guaranteed income payment, retroactive payments can altogether make an essential safety net for the eligible seniors. The … Read more