Joe Biden
Posted inEconomy

Final Social Security Payment for Retirees and Disabled Individuals in July

Knowing the Social Security payment schedule can be essential for retirees and those receiving disability benefits. The Social Security Administration (SSA) manages these schedules, ensuring millions of Americans receive their payments timely. This article cuts into how the payment schedule works and recent improvements made by the SSA to simplify the process. Payment Schedule Every ... Read more
Joe Biden
Posted inEconomy

Social Security Benefits to Increase by $460 – Expected Date Announced

Social Security is a vital lifeline for millions of retirees in the United States, providing essential income to cover monthly expenses and keep pace with inflation. Over the past decade, Social Security payments have evolved, reflecting economic and demographic changes. With new policies and periodic adjustments, average payments are expected to increase significantly by 2030, ... Read more
Joe Biden
Posted inEconomy

Government Changes Impacting Retirees’ Social Security Income

The recent ruling by the Colorado Court of Appeals has stirred significant changes for retirees, especially regarding Social Security benefits and alimony. The court decided that Social Security benefits could be used to determine spousal support income, impacting the financial landscape for many retirees. This decision aligns with federal law, which states that Social Security ... Read more
Joe Biden
Posted inEconomy

Two Consecutive Social Security Payments Scheduled for August

The Social Security Administration (SSA) continues to disburse payments to retirees and beneficiaries this summer. Tomorrow marks the second round of July retirement payments, ensuring that recipients receive their funds on schedule. However, August brings a unique twist to the Social Security calendar, resulting in some beneficiaries receiving two payments in the same month. This ... Read more
Joe Biden
Posted inEconomy

The 2025 COLA Update – Social Security Prepares for the Worst

Cost-of-Living Adjustments (COLA) are crucial for retirees and Social Security beneficiaries, as they determine the annual increase in benefits to keep pace with inflation. Despite their importance, inadequate COLA increases have significantly eroded the purchasing power of Social Security income over the years. According to the Senior Citizens League (TSCL), a nonpartisan advocacy group, Social ... Read more
Joe Biden
Posted inEconomy

The 2 Remaining Social Security Payments in July – Exact Check Payment Dates

Are you curious about the remaining Social Security payments for July? If you're a retired worker or a beneficiary from the Social Security Disability Insurance (SSDI) program, there's good news! The Social Security Administration (SSA) has confirmed two more payments scheduled this month. About 67 million Americans receive Social Security benefits, with the majority being ... Read more
Joe Biden
Posted inEconomy

Say Goodbye to Taxes on Required Minimum Distributions (RMDs) – Here’s How to Avoid Them

Many people consider funds in tax-advantaged retirement accounts to be untouchable until they decide to use them. However, the Internal Revenue Service (IRS) requires these funds to be used, especially when you reach age 72. This is where Required Minimum Distributions (RMDs) come into play. The IRS mandates RMDs to ensure that you start withdrawing ... Read more
Joe Biden
Posted inEconomy

$8,000 Government Assistance for Home Renovations – How to Apply

The Inflation Reduction Act, known as the IRA, was signed into law by President Joe Biden in August 2022. This landmark legislation aims to promote cleaner, energy-efficient technologies, with nearly $400 billion dedicated to this effort. Of this, $8.8 billion is specifically allocated for home energy rebates, rolling out in 2024. The IRA significantly boosts ... Read more