Future beneficiaries do not know whether current and future beneficiaries will have a Social Security Trust Fund to collect from or not. Social Security is primarily financed through payroll taxes and from Old-Age and Survivors Insurance (OASI) Trust Fund receipts, but current payroll taxes are insufficient to cover all benefits. The OASI fund fills the … Read more
The first day of November has arrived, and it means shorter days, thoughts of Thanksgiving and Christmas, and for many, waiting for the next round of Social Security payments. The Social Security Administration (SSA) pays out monthly, but it’s not always on the same day. Your birth date usually determines whether you adjust to DST … Read more
Weeks of speculation are over. The Social Security Administration has confirmed the adjustment in monthly income that would affect beneficiaries in any of the four broad categories, Whether Retired or Survivor, Disabled or SSI. The majority of retired Americans stressed by the dependence on social security benefits expect to receive such payments on a monthly … Read more
One of the most important things Americans have to do prior to applying for Social Security benefits is save for retirement. The average retirement savings balance for Americans across all age groups is $89,300, current. It’s not an ideal number, but it’s understandable, as most people can still have decades to accumulate retirement savings. … Read more
Each year, the United States Social Security Administration (SSA) adjusts for wage and inflation changes, including in the year 2025. On Dec. 4, it was announced by the Social Security Administration (SSA) that for next year the taxable maximum will go up—the point at which Social Security payroll taxes kick in. For the most part, … Read more
Social Security payments are largely used by millions of retirees to survive, and any delay on these payments can disrupt financial planning. Specifically for November, you’ll want to do all you can to stay on top of any pending delays and make sure your payments hit their marks. Proactive steps can be taken to avoid … Read more
The Cost of Living Adjustment (COLA) announcement for 2025 is eagerly awaited by millions of Social Security recipients in the US, who will be informed on October 10, 2024. This annual adjustment is a lifeline for state retirees, people with disabilities, and anyone on Social Security that relies on the benefits for their standard of … Read more
Now, attempting to get the highest Social Security payment of $4,873 per month in October is challenging but doable. If you meet these requirements, you can add an immeasurable boost to your retirement income from the Social Security Administration (SSA). The payment date for retirees who become eligible in October will be different across the … Read more
Are you preparing for your initial Social Security payments in 2025? To effectively manage your money, you must know when and how you will receive your coins. This information covers the payment schedule and possible sums, along with valuable tips for handling your Social Security account. Payment Timing In January 2025, Social Security kicks off … Read more
What is the next SSI payment in the United States? The Social Security Administration (SSA) has announced. In less than 24 hours, this payment will be sent to you. The good news is that everyone who gets Supplemental Security Income gets their money at the same time. While they will continue to receive monies from … Read more