The Social Security Administration (SSA) has confirmed that the third payment of retirement benefits for January will be issued soon. This payment will be the final retirement benefit deposit for the month. two payments have already been sent and covering the first two groups of beneficiaries. Let’s check how payments are distributed and what it … Read more
If you’re 62 or older and receiving Social Security, there is some exciting news for you! Soon many retirees will be receiving a new Social Security check which could come in handy for covering various needs. If you are wondering whether you are eligible for this check then the answer lies in a couple of … Read more
Retirees take note! Prices on everyday essentials might rise sharply in 2025. Why? President-elect Donald Trump’s proposed tariff policies on imported goods could lead to significant cost increases. Let’s break it down. On November 25, Trump shared on his Truth Social platform: “On January 20th, as one of my many first Executive Orders, I will … Read more
Millions of Americans, especially public sector workers could soon see a big change in their Social Security benefits. A proposed bill known as the Social Security Fairness Act is gaining attention as it heads for a Senate vote. This bill aims to fix long standing issues in the system that have unfairly affected some teachers, … Read more
Starting 1 January 2025, there will be updates to the full retirement age (FRA) for Social Security benefits in the United States. These changes are part of a long term plan to keep the program running smoothly. Let’s find out what this means and how it could affect your retirement. What is the full retirement … Read more
When you file for Social Security benefits, your spouse becomes eligible for spousal benefits. However, these benefits are not granted automatically—your spouse must file a separate application with the Social Security Administration (SSA) to claim them. For instance, let’s say you will receive $3,000 per month at your full retirement age (FRA). Your wife could … Read more
Big changes are coming to Social Security, and retirees across the U.S. are understandably concerned. The government recently announced updates to the system and while officials say these are meant to secure its future, many fear the immediate effects. These changes could leave thousands of retirees facing uncertainty about their financial stability, sparking worry and … Read more
In a move aimed at increasing financial stability for many Americans. President Joe Biden has signed the Social Security Fairness Act into law. This new legislation is set to provide a significant boost in Social Security benefits, especially for public sector employees like teachers, firefighters and police officers. It’s the first major expansion of Social … Read more
Millions of people in the United States rely on Social Security for post-retirement expenses. But did you know that claiming benefits at the right time can increase your monthly income? Here is a simple and easy guide that will answer all your questions. Who is eligible for an extra $700 monthly These people may be … Read more
Social Security is not just about retirement savings for individuals. It also helps spouses by allowing them to claim benefits based on their partner’s work record. Let’s understand how this works with four simple facts every retired couple should know. Quick Overview Spousal Benefit Scenarios Situation Eligibility Age Benefit Amount Notes Both spouses retire at … Read more