The Social Security Administration (SSA) has announced three more Social Security payments for August, providing essential financial support to millions of retirees, survivors, and disabled individuals. With the payment dates just around the corner, it’s crucial for beneficiaries to be aware of when they can expect their checks. Here’s a breakdown of the upcoming Social … 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
Every year, the maximum SSI payment amount typically increases, ensuring that millions of Americans can maintain their purchasing power. This annual increase is thanks to the Cost of Living Adjustment (COLA). For instance, SSI benefits saw a 3.2% increase in 2024. But did you know that some states offer additional payments on top of federal … Read more
The SSA data shows a drop of 119,395 SSI recipients from May 2023 to May 2024, with the number of beneficiaries decreasing from 7,380,737 to 7,261,342. This decline can be attributed to several factors: 1. Income Changes SSI recipients must meet strict income limits to remain eligible. Any increase in income, whether from wages, pensions, … Read more
Social Security beneficiaries should note the upcoming changes to the regular payment schedule in September. Typically, the Social Security Administration (SSA) delivers five rounds of payments to SSI recipients, retired workers, survivors, and disabled individuals every month. However, this month there will be only four rounds of payments due to some payment dates falling on … Read more
This week, retirees who claimed benefits before May 1997 will receive their Social Security checks on Friday, August 2nd. Typically, these recipients are paid on the third day of the month, but since August 3rd is a Saturday, the Social Security Administration (SSA) has rescheduled the payment to the preceding business day. Following this, the … Read more
The Social Security Administration (SSA) recently announced that millions of Supplemental Security Income (SSI) recipients will no longer receive their benefits. This change has affected over 100,000 people across the nation, with the total number of beneficiaries dropping from 7,380,737 in May 2023 to 7,261,342 in May 2024—a decrease of 119,395 recipients. If you currently … Read more
Every month, millions of Americans receive Social Security payments, which provide them with funds to buy groceries, cover health care expenses, and other essential living costs. The Social Security Administration (SSA) plays a vital role in administering these benefits, ensuring that countless individuals get the financial support they need. Knowing how much you will receive … Read more
On October 1, millions of Supplemental Security Income (SSI) recipients will benefit from a new law that took effect on September 30. The Social Security Administration (SSA) has made significant adjustments to the SSI program, expanding benefits and removing barriers for applicants. These changes will impact individuals and children who are blind, disabled, or over … 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