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Browsing Category
Social Security
March 2024 Schedule for $1,900 Social Security Payments
Beginning this Friday, the Social Security Administration (SSA) gears up to disburse payments for the month of March. This monthly ritual sees over 70 million checks dispatched to Social Security beneficiaries, primarily consisting of…
March 1st Bonus: Double Social Security Payment of $5,816 Arriving
The Social Security Administration (SSA) is set to kick off March with a double payment totaling $5,816, catering to beneficiaries under various programs. This unique occurrence combines checks from the Supplemental Security Income (SSI)…
Strategies for Catching Up on Retirement Savings in Your 40s
Are you in your 40s and concerned about your retirement savings? You're not alone. Many individuals find themselves lagging behind their retirement goals as they approach middle age. However, it's never too late to start saving or catch up…
The Leading 10 States for Social Security Recipients
Social Security benefits play a critical role in the financial well-being of retired workers across the United States.
As of January 2024, the average retirement payout stood at $1,907, with some individuals receiving a maximum benefit…
Congress Considers Ending Retirement Tax Breaks: A Boost for Social Security?
In approximately a decade, the Social Security retirement program is projected to encounter challenges in fulfilling its commitment to provide full benefits as promised.
In response to this impending issue, Andrew Biggs, a former deputy…
February Social Security Payments Begin: Recipients to Receive $4,873 in First Round
The initial installment of February's three Social Security disbursements, with a maximum value of $4,873 for individuals retiring at the age of 70 with the highest earnings, commenced distribution to the first cohort of retirees on…
Social Security 2025 COLA Predicted to Decline, Impacting Seniors’ Financial Stability
The Senior Citizens League, a nonpartisan, non profit organization for seniors, projected a 1.75% cost-of-living adjustment (COLA) for Social Security in 2025 based on the January consumer price index report.
This anticipated increase…
Can Social Security Keep Up with the Rising Cost of Living?
In 2024, Social Security payments received a 3.2 percent increase due to the annual cost-of-living adjustment (COLA).
However, numerous seniors are expressing dissatisfaction, arguing that this adjustment does not adequately offset the…