Choosing when to collect Social Security is a major decision that can affect how comfortable your retirement will be. For years, people have debated whether it’s better to start collecting early at 62, wait until the full retirement age (FRA) of 65 or 67, or delay it until 70. Now, a new study sheds light…
California is ramping up its efforts to protect immigrants and shield its progressive laws from potential clashes with federal policies. On February 7, 2025, Governor Gavin Newsom approved $50 million in funding, split between defending immigrants from deportation and fighting off legal challenges to the state’s key policies. This decision comes in response to concerns…
In a major financial settlement, Wells Fargo is set to pay $3.7 billion to resolve years of customer mistreatment, ranging from unauthorized bank accounts to improper loan handling. This settlement, one of the largest in recent history, will provide relief to millions of affected customers. Here’s what this means for you and how to claim…
Over the past few weeks, buzz has circulated about an “84% increase” in Social Security benefits, leaving many beneficiaries wondering whether their monthly checks are about to skyrocket. While the number sounds exciting, the truth behind it is more nuanced and tied to the program’s gradual growth over the last two decades. Where Did the…
As millions of Americans depend on Social Security benefits for their retirement, policymakers and experts are sounding the alarm about the system’s looming financial crisis. Without intervention, the Social Security trust fund is projected to run out of reserves by 2033, potentially leading to benefit cuts of over 20% for retirees and disabled workers. This…
For Baby Boomers heading into or already enjoying retirement, maximizing Social Security benefits can be a game-changer. The biggest Social Security check available in 2025 is a whopping $5,108 per month, but only a select few will be able to reach this number. The good news? There are specific steps and key decisions you can…
Many Social Security beneficiaries are concerned about when their February 2025 payments will arrive, especially with rumors of delays circulating online. While the standard schedule remains intact, understanding key dates and payment processes can help put your mind at ease. When to Expect Your Payment The Social Security Administration (SSA) follows a staggered payment schedule…
The IRS Earned Income Tax Credit (EITC) is one of the most valuable benefits for low- to moderate-income workers, offering tax savings that could result in refunds as high as $7,830 in 2024. If you’re a veteran or active-duty service member, you might be wondering if you’re eligible to benefit from this credit. The good…
With tax season in full swing, many Americans are searching for ways to boost their refunds. The good news? You could be eligible for tax credits that could add up to $12,000 or more. By combining federal and state benefits, taxpayers with qualifying dependents or low-to-moderate income may significantly lower their tax bills or even…
65-year-olds across the United States are preparing to receive an average monthly Social Security benefit of $1,622, thanks to adjustments aimed at helping retirees combat inflation. The boost reflects the 2.5% Cost-of-Living Adjustment (COLA) that kicked in for 2025. But who qualifies for these payments, and how can you maximize them? Here’s what you need…