As Social Security payments rise in 2025, many retirees are wondering if they’re getting their full share. The maximum monthly benefit has climbed to $5,108 thanks to a 2.5% Cost-of-Living Adjustment (COLA). But most recipients see far less. Why? Several factors could significantly reduce your payments. Your Earnings History Matters The Social Security Administration calculates…
If you’re a Supplemental Security Income (SSI) recipient, there are some important updates for December 2024 that you need to know. SSI payments, which are usually issued on the first of every month, will follow a modified schedule this month due to the calendar. Payment Dates for December 2024 November 29, 2024: December’s SSI payment…
Are new $2,000 stimulus payments really coming next month? The internet is buzzing with claims, but here’s the truth: as of January 22, 2025, there is no official confirmation from the federal government or the IRS about issuing new payments. While these rumors have gained traction, they appear to be unfounded. However, there is good…
In a world where personal data is more valuable than ever, keeping your Social Security number (SSN) safe is critical. A stolen SSN can lead to identity theft, financial fraud, and other nightmares. Here’s how you can shield this essential piece of personal information and avoid becoming a victim. Why Protecting Your SSN Matters Your…
The Social Security Administration (SSA) is stepping up to provide much-needed financial support to low-income beneficiaries in 2025. This assistance comes in the form of additional payments worth $227, $784, and $1,069, designed to ease the burden of rising living costs. Who Is Eligible for These Payments? Eligibility for these payments depends on a few…
If you’re receiving SSI, SSDI, or VA benefits, you can look forward to an increase in your payments starting January 2025. The Social Security Administration (SSA) has announced a 2.5% Cost-of-Living Adjustment (COLA) for the new year, helping beneficiaries keep up with rising costs. Here’s what you need to know. What Is the COLA Increase?…
Cash App, one of the most popular peer-to-peer payment platforms, is paying a hefty price for falling short on security and fraud prevention. Its parent company, Block, Inc., has agreed to settle multiple investigations for a total of $255 million. The settlement addresses allegations of weak fraud protections, poor customer service, and compliance issues. What…
SSI recipients will notice a change in their payment schedule for February 2025. The Social Security Administration (SSA) has announced that payments usually issued on the first of each month will arrive earlier. Here’s why and how it impacts you. Why Are Payments Coming Early? SSI payments are typically distributed on the first day of…
This week, Social Security recipients are seeing their first checks for 2025, reflecting a 2.5% Cost-of-Living Adjustment (COLA). The adjustment increases the average monthly benefit from $1,927 in 2024 to $1,976 in 2025, adding $49 more to the pockets of millions of Americans. Why the COLA Increase Matters The annual COLA, implemented by the Social…
In a groundbreaking initiative, the Social Security Administration (SSA) has proposed a $25,000 financial benefit for young Americans as part of the American Dream Accounts Act. This proposal aims to give students a head start in achieving key life milestones, including education, homeownership, and entrepreneurship. Here’s what you need to know. What Is the $25,000…