Although it has been some time that the government had sent the last stimulus check, the Internal Revenue Service (IRS) has stated that many American citizens can still claim a $1,400 payment. The monetary aid is exclusively for those individuals who have not yet received Social Security benefits. It can help such individuals earn a … Read more
Recently, the news was going viral on social media that every Social Security beneficiary will receive a flat pension of $2200 per month starting from January 2025. But the Social Security Administration (SSA) has labeled these reports as totally baseless. How does Social Security work? The Social Security system works based on payroll tax, through … Read more
If you are an SSDI beneficiary, there are two significant payments heading your way in March 2025. You need to be aware of when you will receive these payments and to whom. Let’s get the details about SSDI payments. Two final SSDI payment dates in March There are two significant payment dates for those receiving … Read more
The Social Security Administration (SSA) made a 2.5% formal announcement for adjustment in Cost-of-Living for 2025, to enable all the beneficiaries to cope with increasing living expenses. This adjustment will affect over 72.5 million Americans, that includes retirees and those receiving Supplemental Security Income (SSI). New Social Security COLA Forecast The 2.5% Social Security COLA … Read more
It is true that planning for retirement is one of the most crucial financial decisions a person is making. For younger workers, though, the question often becomes, Is Social Security enough to fund a person’s retirement? Obviously, the answer is no-not for the majority of people, at any rate. Social Security was intended to serve … Read more