The Supplemental Security Income (SSI) payment for February 2025 was issued on January 31. However, recipients can expect the March payment a day earlier, on February 28, 2025, instead of the usual March 1st. This marks a significant payday for eligible recipients, as they will receive their checks or direct deposits on this day. Who … Read more
The tax season in the United States has officially begun, with the Internal Revenue Service (IRS) expecting to process over 140 million tax returns between January 27 and April 15, 2025. Now is the time to verify if you’re eligible for valuable tax credits, including those that could significantly increase your tax refund. Income must … Read more
Social Security benefits are influenced by multiple factors, and applying for Social Security at the age of 70 can significantly impact the amount you receive. The decision to delay benefits until 70 ensures a larger monthly payment, which can be beneficial for long-term financial stability. While the right age to claim benefits varies depending on … Read more
If you’re wondering whether to wait before claiming Social Security, there are 3 Times It Delay Your Social Security Claim can be beneficial. Delaying benefits can result in a larger monthly paycheck, which can help if you lack savings, are still working, or expect to live a long life. Many retirees don’t realize that there … Read more
the idea that Congress stolen trillions from Social Security is a myth. Social Security funds are legally invested in government bonds, ensuring they remain accounted for. The real issue lies in demographic shifts and a growing funding shortfall, which could lead to benefit cuts by 2033 unless Congress takes action. The Reality of Social Security’s … Read more
Many Americans rely on Social Security to cover their expenses in retirement. However, there’s a potential issue ahead. The Social Security Administration (SSA) warns that by 2033, the program’s trust funds could run out, leading to a 21% cut in benefits. This means if you currently receive $1,000 per month, it could drop to about … Read more
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
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
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
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