Social Security

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…

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…

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…

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…

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…

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…

If you have yet to assess your potential tax liability for the current year as a recipient of Social Security benefits, it is advisable to do so promptly.  The 8.7% cost-of-living adjustment (COLA) implemented in 2023, resulting in…

Many individuals in the United States of America face challenges in accessing the SSDI benefits they are entitled to. Individuals concerned about potential loss of benefits or eligibility can seek guidance from Social Security Disability…