Retirement is a major milestone, and if you plan to retire in 2025, there are crucial Steps to Make Before Retiring in 2025 and secure your financial future. From reviewing your savings to deciding on Social Security and having a backup plan, careful preparation can help you avoid financial stress. Making these key moves now … 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
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
Some Americans who rely on Supplemental Security Income (SSI) will see a small but important change in SSI payment date for March 2025. Instead of arriving on March 1, the check will be sent a day earlier—on February 28, 2025. This change may seem minor, but getting the payment a day early can be a … Read more
With the rising cost of living, SSDI & Social Security Payments in 2025 are increasing. Due to a 2.5% Cost-of-Living Adjustment (COLA), some beneficiaries may receive up to $3,250 or more per month. Understanding eligibility, payment calculations, and schedules can help ensure you receive the maximum benefits. Key Highlights of SSDI & Social Security Payments … Read more
Retirement is something most people look forward to. It’s the time to relax, travel, or spend more time with loved ones. But in the U.S., retiring comfortably isn’t cheap. The cost of living varies by state, and in some places, you need to be a millionaire just to cover basic expenses. A recent study by … Read more
Many Americans rely on their Social Security checks to cover monthly expenses, pay bills, and buy essentials. These new Social Security payments provide financial support, but not everyone receives them on the same day. Knowing your exact payment date can help you plan better and avoid unnecessary stress. When Will the New Social Security Payment … Read more
With around 76 million baby boomers in the U.S., many people worry about the future of Social Security. As this generation retires, some fear the Baby Boomers Will Drain Social Security Funds. But is this the case?. Many believe Social Security will run out of money in the next 10 years. This fear comes from … Read more