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
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
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
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
Social Security’s cost of living adjustment (COLA) for 2025 is 2.5% adding $49 to the average monthly check. While this increase is modest it’s still helpful for some seniors. However a special group of Social Security recipients could see an extra benefit increase this year. thanks to changes in the Social Security Benefits for Workers … Read more
Millions of Americans count on Social Security as a lifeline during retirement. However did you know that some states still tax these benefits? While many states have eliminated these taxes 9 states continue to tax Social Security benefits in 2025. Here is what you need to know about these states the rules and the ongoing … Read more
President Donald Trump has recently proposed a bold plan to ban taxes on Social Security benefits which has sparked a lot of discussions. The idea sounds good especially to retirees who depend on Social Security benefits for their income but it raises some important questions. Would Trump’s plan to ban taxes on Social Security truly … Read more
3 groups of retirees will not get Social Security payments on February 3, 2025 if you are one of them don’t worry you won’t have to wait long for your next payment. Social Security’s payment schedule is based on birth dates and the date you will receive your payment depends on when you were born. … Read more
Inherited IRAs in 2025 could bring unexpected tax consequences if beneficiary do not plan carefully. Starting in 2025 beneficiary with Individual Retirement Accounts (IRAs) face new rules that could result in penalties for missed required withdrawals. The IRS has finalized guidance enforcing annual required minimum distributions (RMDs) for certain beneficiaries making it crucial to understand … Read more