Millions of retirees and beneficiaries of Social Security are set to receive an additional payment in November, thanks to the Social Security Administration (SSA). This extra support can help ease holiday-season expenses for many. Knowing when and why these payments are scheduled helps beneficiaries plan better and understand what to expect. In this article, we’ll … Read more
In 2025, several updates to Social Security are coming, affecting eligibility, benefit payments, and work credit requirements. These changes will impact millions, especially part-time and seasonal workers. Let’s walk through the key changes in Social Security eligibility, benefit adjustments, and the new payment schedules in 2025. Overview of New Social Security Requirements and Benefits in … Read more
Efforts in Congress are moving forward to eliminate two controversial Social Security rules that have long affected the benefits of many public service retirees. These changes, if passed, could significantly impact the retirement income of millions of Americans. Known as the Social Security Fairness Act, this legislation seeks to abolish the Windfall Elimination Provision (WEP) … Read more
The sustainability of Social Security has become a pressing issue, as the program’s trust funds may face depletion within the next decade. Despite political assurances that drastic measures like raising the retirement age won’t be necessary, it’s wise for individuals to prepare for possible changes. As Americans live longer and rely on Social Security for … Read more
As retirement approaches, many individuals look to Social Security benefits as a crucial part of their income strategy. With over 72.5 million Americans relying on these benefits, understanding the upcoming changes is essential. The Social Security Administration (SSA) makes regular adjustments to benefits, and some significant modifications are set to take effect in 2025. These … Read more
The Social Security Administration (SSA) has made a significant announcement that will impact millions of Americans receiving Social Security benefits. On October 10, the SSA revealed the 2025 cost-of-living adjustment (COLA), which is set to increase benefits for retirees, Supplemental Security Income (SSI) recipients, and individuals on disability. This adjustment is essential for helping beneficiaries … Read more
In just a few hours, the Social Security Administration (SSA) will announce a new cost-of-living adjustment (COLA) for retirees. This adjustment aims to help retirees keep up with rising inflation, with projections suggesting an increase of about 2.5% for 2024. However, not all states will see the same benefit increases. Due to varying regional costs … Read more
On October 10, the Social Security Administration (SSA) will reveal the Cost of Living Adjustment (COLA) for 2025. This adjustment, linked directly to inflation rates, plays a crucial role in determining how much monthly benefits will increase for retirees and other Social Security beneficiaries. The COLA is designed to help beneficiaries maintain their purchasing power … Read more
With the cost-of-living adjustment (COLA) for 2025 set at a modest 2.5%, many American retirees are reevaluating their financial situations and considering going back to work. A recent survey from The Motley Fool, which interviewed 2,000 retirees, shows that half of them are now contemplating rejoining the workforce. This trend is largely driven by concerns … Read more
The Social Security Administration (SSA) has announced a 2.5% Cost of Living Adjustment (COLA) for 2025 to help retirees keep up with rising living costs. Although this increase is slightly lower than in recent years, it will provide some relief for retirees nationwide. On average, retirees can expect an additional $49 in their monthly benefits, … Read more