Social Security funds were moved to General Fund of the government? The Facts You Should Know

Social Security funds were moved to General Fund of the government? The Facts You Should Know

Russell Gloor(National Social Security Advisor at the AMAC Foundation): I’ve heard that Social Security funds were moved to General Fund of the government. Does this mean Social Security is now an entitlement controlled by the government? Many believe that these funds should be invested to grow our savings rather than being handled by the government. … Read more

6 Social Security Changes Americans Want to See

6 Social Security Changes Americans Want to See

Social Security is facing a huge financial challenge. Experts estimate that its trust funds could run out in less than ten years. If nothing changes, benefits might be cut by about 25%. While that worst-case scenario is unlikely, the government still needs a solution. Let’s explore what 6 Social Security changes Americans want to see. … Read more

Five More CalFresh Payments Coming This Month – Here’s When You’ll Get Yours

Five More CalFresh Payments Coming This Month – Here’s When You’ll Get Yours

CalFresh, California’s food assistance program, helps low-income individuals and families buy nutritious food. This program, part of the federal Supplemental Nutrition Assistance Program (SNAP), provides financial aid to eligible households. Depending on the household size, benefits can go up to $1,756 per month. CalFresh aims to assist people who meet specific income and household size … Read more

Trump Administration Proposes Eliminating Federal Taxes on Social Security Benefits

Trump Administration Proposes Eliminating Federal Taxes on Social Security Benefits

A major tax change could be coming for seniors. The Trump administration has proposed eliminating federal taxes on Social Security benefits, a move that could impact millions of retirees across the country. This would be part of a broader plan to introduce significant tax cuts, including eliminating taxes on tips and overtime pay. Why This … Read more

Millions of Retirees Set to Receive Higher Social Security Benefits

Millions of Retirees Set to Receive Higher Social Security Benefits

The Social Security Fairness Act has finally been signed into law, bringing a much-needed of over 3 millions of retirees set to receive higher Social Security benefits. This change is especially important for public employees who rely on pensions but were previously impacted by benefit reductions.  While the law is a major victory, its implementation … Read more

Social Security COLA 2025: Have You Received Your First Increased Check?

Social Security COLA 2025: Have You Received Your First Increased Check?

If you receive Social Security benefits, you might have noticed a small increase in your monthly payment. This is due to the 2025 Cost-of-Living Adjustment (COLA), which went into effect in January. The 2.5% increase aims to help beneficiaries keep up with rising prices. Although the increase is smaller than in previous years, it still … Read more

Retirement Savings Challenges for Americans: Why Many Are Struggling

Retirement Savings Challenges for Americans: Why Many Are Struggling

Planning for the future isn’t easy, and Retirement Savings Challenges for Americans have made it even harder to secure a stable financial future. Many workers struggle with balancing daily expenses while trying to build a sufficient retirement fund, often falling short of recommended savings goals. Understanding these challenges is crucial to making smarter financial decisions. … Read more

US Government Announce Important Change in SSI Payment Date for March 2025

US Government Announce Important Change in SSI Payment Date for March 2025

Some Americans who rely on Supplemental Security Income (SSI) will see a small but important change in SSI payment date for March 2025. Instead of arriving on March 1, the check will be sent a day earlier—on February 28, 2025. This change may seem minor, but getting the payment a day early can be a … Read more