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
In 2024, seniors and other eligible citizens in the United States will benefit from a significant increase in Social Security benefits. A 5.2% increase in Social Security Maximum Taxable Earnings has been announced, providing retirees and other beneficiaries with greater financial support. This increase is part of the government’s ongoing efforts to adjust benefits in … Read more
Starting in October 2024, some Social Security beneficiaries will see an earlier-than-usual increase in their benefits due to changes in the way the Social Security Administration (SSA) calculates income. This change is primarily for participants in the Supplemental Security Income (SSI) program, which aids seniors with insufficient income and individuals with disabilities like blindness. The … Read more