Your September Social Security Disability Insurance check might show up this week in case you haven’t already gotten it. The people whose birthdays fall around the 21st and the 31st of any one month will receive the final September payout. If you’re unsure of when the cash is going to arrive, it all depends on…
Seniors receiving Social Security saw an 8.7% increase in their monthly income at the beginning of 2023. That cost-of-living adjustment, or COLA, was the biggest one to occur in years. However, the COLA for 2024 appears to be significantly lower. Additionally, the nonpartisan Senior Citizens League predicts that the COLA for the upcoming year will…
A new IRS rule will tax Taylor Swift and Beyonce concert ticket resellers who earned more than $600. New IRS Rule Will Tax Big Concert Ticket Resellers with Over $600 Earnings Regardless of Numbers of Transactions Under the American Rescue Plan Act, a new IRS rule will tax resellers of big concert tickets, including Taylor…
For many, this abrupt shift is anticipated to be a financial challenge, given over three years of relief from payments. As the resumption of federal student loan repayments looms, borrowers have a mere week to ready themselves after a payment hiatus initiated in March 2020 Unfortunately, a significant number of borrowers remain oblivious to available…
The Housing Authority of the City of Los Angeles (HACLA) submitted the request earlier this year. The Federal Housing Department has given its approval for the city of Los Angeles to raise the payment amounts for vouchers aiding low-income and homeless residents with their rent These new voucher payment standards (VPS) will be enforced from…
How does living in states that don’t tax Social Security benefits provide relief for retirees? How Living in States That Don’t Tax Social Security Benefits Will Provide Relief for Eligible Residents After Retirement If you are nearing your retirement age, you should check if you are living in states that don’t tax Social Security benefits…
This rebound was primarily driven by expectations of reduced supplies, which overshadowed concerns about potential demand slowdowns. Oil prices rise in Asian trading on Monday, bouncing back after their initial dip in four weeks Last week, oil prices rise around 0.8% lower, influenced by the Federal Reserve’s hawkish stance and its indication of prolonged high…
With over two decades of surveys, Gallup reveals that for retirees, at least 80% rely on their monthly benefits, while 76% to 88% of future retirees anticipate needing Social Security income to cover expenses. Social Security benefits are set to see a significant increase in 2024, as the annual Cost of Living Adjustment (COLA) is…
This marked the worst performance since March. Despite this, the index has shown a 12.5% increase year-to-date. The current market volatility witnessed a significant downturn last week, resulting in a 2.9% drop in the S&P 500, closing at 4,320.06 It’s up by 20.8% from its low of 3,577.03 on October 12, but down by 9.9%…
While taxes are an inevitable part of financial life, strategies exist to minimize contributions to the IRS. Individual Retirement Accounts (IRAs) provide a vital avenue for tax-conscious individuals to safeguard their income A standout option is capitalizing on the generous limits of 401(k) plans. Those below 50 years can stash away up to $22,500, while…