Millions of American retirees eagerly anticipate the Social Security cost-of-living adjustment (COLA) for 2025, but will the increase be significant or modest? If your current Social Security check is below the average, the boost you receive after the COLA might be underwhelming. Here’s what you need to know about the latest COLA projections and what … Read more
The Social Security Administration (SSA) has recently announced changes to Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) payments. These updates are set to impact approximately 16 million beneficiaries, including those over 65 or with disabilities who rely on these programs for financial support. Let’s dive into the specifics of these changes and … Read more
In less than 80 hours, new Social Security checks will start arriving for many recipients. While retirement is often seen as a time to pursue dreams, financial realities can sometimes make it a balancing act between savings and Social Security payments. For many, these checks are a crucial part of their income. Knowing when your … Read more
As mid-year approaches, many Social Security clients are eager to receive their payments for July 2024. The Social Security Administration (SSA) issues payments according to a specific schedule based on the beneficiary’s date of birth. This article outlines the payment schedule for July 2024, details on how payment amounts are determined, and highlights special considerations … Read more