This year the largest minimum wage increase Florida residents have ever seen Since the federal minimum wage last increased to $7.25 per hour in 2009 many states including Florida have taken steps to ensure fairer wages for their workers. For a detailed guide on financial aid opportunities check out our article on FAFSA Application Form … Read more
If you’re a current or former public sector employee or the spouse, ex-spouse or survivor of one you could see a boost in your Social Security payments thanks to the new Social Security Fairness Act. This law changes the game for millions of retirees by repealing old rules that reduced or even eliminated benefits for … 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
If you are using a Visa or Mastercard debit card in the US ATM and paid extra fees you could be eligible for a $1797 direct payment as part of a massive $197 million settlement. This refund comes after a US court ruled that the extra charges applied by Visa and Mastercard were unlawful. Now … Read more
For Social Security recipients a much anticipated $200 increase in monthly benefits will begin in January 2025. This initiative provides essential financial support to seniors, disabled individuals, and vulnerable citizens across the United States. Eligible recipients will receive their payments directly in bank accounts. These increased benefits aim to assist individuals struggling with rising living … Read more
Big Social Security updates are coming in the US and they could affect millions of Americans. The Social Security Administration (SSA) is introducing updates to make the program stronger and more sustainable for the future. These changes include raising the full retirement age, adjusting taxable income limits and implementing stricter rules for proof of identity … Read more
Spousal Social Security benefits can make a huge difference for married couples, especially if one spouse didn’t work much or earned significantly less. These benefits can provide a steady source of income in retirement, helping with everyday expenses. But how do you know if you’re eligible? To qualify, you’ll need to meet a few key … Read more
This year, around 72.5 million Social Security recipients are set to see their payments increase by 2.5%. This adjustment comes from the annual cost-of-living adjustment (COLA) designed to help beneficiaries keep up with rising expenses. Why the COLA Matters As prices rise due to inflation, the value of money decreases. This can make everyday essentials … Read more