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

Social Security Gifts for Valentine’s Day: Who is eligible?

Social Security Gifts for Valentine’s Day: Who is eligible?

If you rely on Social Security, you might have a little extra to smile about this Valentine’s Day. On February 12, 2025, some retirees will receive a higher Social Security payment, giving them a small boost in their monthly budget. This increase is due to the annual Cost of Living Adjustment (COLA) for 2025. While … Read more

Early Retirement for Federal Employees: What You Need to Know

Early Retirement for Federal Employees

The Office of Personnel Management (OPM) is now allowing federal agencies to offer early retirement for federal employees, also known as the Voluntary Early Retirement Authority (VERA). This move comes as part of the administration’s plan to provide “deferred resignations” for most federal employees. Agencies are also requesting flexibility to accept resignations beyond the September … Read more

How the January 2025 SSI and SSDI COLA Increase Impacts You

How the January 2025 SSI and SSDI COLA Increase Impacts YouHow the January 2025 SSI and SSDI COLA Increase Impacts You

Millions of Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI) and Veterans Affairs (VA) benefits recipients can expect increased payments this January. These adjustments include the annual Cost of Living Adjustment (COLA) and standard monthly disbursements. Here is what you need to know about the changes, eligibility and payment dates for January 2025 SSI … Read more