Receiving Social Security benefits can be a vital source of income, especially for retirees, individuals with disabilities, and low-income earners. However, many recipients may not be aware that these benefits are not always guaranteed. Each year, about 70,000 people lose their Social Security benefits for various reasons, according to a June 8 NPR report. Knowing … Read more
Alaska residents look forward to the annual Permanent Fund Dividend (PFD), a unique initiative that shares the state’s oil and gas revenues directly with its citizens. This year, qualifying residents will receive a $1,312 payment through the PFD program, scheduled for distribution on August 15, 2024. Here’s a detailed guide on how to ensure you … Read more
The Social Security Administration (SSA) recently announced new disability benefits for Supplemental Security Income (SSI) recipients, starting in August 2024. Typically, the SSA delivers monthly benefits on the first day of every month unless it falls on a weekend or federal holiday. This August, millions of SSI recipients will receive their regular payments between $698 … Read more
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