For years millions of retired public workers, including teachers, firefighters and police officers, have seen their Social Security benefits reduced due to outdated rules. When the Social Security Fairness Act finally passed many thought relief had arrived. But now they face another hurdle a long wait before seeing any extra money. The Problem: Delayed Payments … Read more
Social Security Financial Crisis that could result in benefit cuts. Even more concerning is that these cuts might not be far off. Both current workers and retirees should start preparing for this possibility and have a backup plan in place. Millions of retirees across the United States rely on Social Security for a major portion … Read more
If you receive $970 Social Security SSI Payments, there’s good news! The Social Security Administration is sending an early February payment on Friday, January 31, 2025. This is because February 1 falls on a Saturday so the payment is being processed a day earlier. If you’re expecting Social Security benefits, you might also want to … Read more
Social Security is facing a big challenge. If nothing changes by 2035, the program can only pay about 83% of benefits. That means retirees could get smaller checks unless Congress fixes the problem. A new law the Social Security Fairness Act could make the situation even trickier. This law increases benefits for some workers, but … Read more
For federal employees a Roth IRA can be an excellent way to save for retirement. The money you put into a Roth IRA grows without being taxed and when you retire you can withdraw it without paying taxes. Plus you can pass on any remaining funds to your loved ones without them being taxed either. … Read more
With a new phase of leadership possibly on the horizon many families are wondering what changes might come to their finances, especially regarding tax benefits. One program under the spotlight is the Child Tax Credit (CTC) which helps millions of American families every year. If Donald Trump wins another term in office there could be … Read more
Millions of retirees are eagerly waiting for their Social Security Retroactive Payments, but delays are making the wait longer than expected. The Social Security Fairness Act was supposed to bring long-overdue adjustments for retirees especially those who worked in the public sector or qualify for spousal or survivor benefits. However, processing these payments is proving … Read more
Millions of Americans are set to receive increased Social Security benefits under the Social Security Fairness Act. However many may have to wait over a year before seeing that extra money in their monthly checks. Why Is There a Delay in Social Security Benefit Increases? The Social Security Administration has confirmed that adjusting benefits and … Read more
California February SNAP Benefits where Millions of Californians relying on SNAP benefits also known as CalFresh will soon receive their February payments. With inflation continuing to impact household expenses these benefits play a crucial role in helping families afford basic necessities. Understanding the California February SNAP Benefits The Supplemental Nutrition Assistance Program (SNAP) provides financial … Read more
Rising Costs Outpacing 2025 Retirement Pension Increase. Despite the 2025 pension increase in the United States many retirees feel it falls short due to rising inflation. Shortly after the Social Security Administration announced the adjustment prices of essential goods and services climbed reducing the real impact of the benefit boost. According to financial experts, pensions … Read more