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Social Security
2024 Social Security Hierarchy Adjustments: 4 Encouraging Developments to Look Forward To
The role of Commissioner of the Social Security Administration (SSA) in the US government is one laden with challenges, and the newly appointed Martin O'Malley steps into the position at a critical juncture.
The Social Security…
New Threat: Social Security Scammers Weaponize AI to Target Benefits
Social Security scams have experienced a significant surge in recent years, reaching alarming heights in 2022, with Americans aged 60 and older reporting $3.1 billion in scam losses, marking an 84% increase from the previous year, according…
Good News for Retirees: Social Security Benefits to Increase by 3.2% in 2024
As the Social Security Administration gears up to send out Cost-of-Living Adjustment (COLA) notices for 2024, early claimers can anticipate a much-needed boost in their benefits.
This annual increase, set at 3.2% for 2024, aims to…
Senior Stimulus Check Update: Latest Information on Payment Dates
Senior stimulus checks distributed by the IRS under the Old Age Relief Bill commenced in December as part of the ongoing commitment to provide financial assistance to American citizens affected by the COVID-19 pandemic.
This financial…
A Bonus Month: Understanding the Two Social Security Payments in December
The Social Security Administration (SSA) plays a pivotal role in providing essential benefits to citizens across the United States, and one of its critical monthly offerings is the Supplemental Security Income (SSI).
December 2023…
Social Security Secrets Revealed: How to Maximize Your Monthly Benefit and Reach $4,555
A key component of financial planning is estimating your monthly Social Security benefit in retirement, which is largely based on your retirement plan and career decisions.
The government program can provide a substantial income, with…
2024 Social Security Bonus: Key Dates for Retirees to Receive Extra Benefits
For those receiving Social Security benefits, a welcome change is on the horizon. A cost-of-living adjustment (COLA) is set to take effect in 2024, bringing a 3.2% increase in benefit payments.
This adjustment is designed to offset the…
SSDI Application Update: When to Anticipate News of Approval
Officials have publicly disclosed a notable revision to the expected timeframe for receiving approval notifications in the SSDI application process.
This news comes as a welcome relief for many who have been anxiously awaiting decisions…