If you’re a Social Security beneficiary, good news is heading your way! Payments averaging $1,976 are scheduled to arrive on Wednesday, January 22, 2025. This payout reflects the 2025 Cost-of-Living Adjustment (COLA), a 2.5% increase designed to help beneficiaries cope with inflation. The Social Security Administration (SSA) adjusts benefits every year to match the rising…
Social Security recipients are receiving some welcome news in 2025 as a series of changes bring significant increases to monthly payments. Among these changes is a Cost-of-Living Adjustment (COLA) of 2.5%, aimed at helping beneficiaries keep up with inflation. For many retirees, this adjustment means their average monthly benefit will increase from $1,927 in 2024…
Canadian retirees are starting the new year with good news: a $1,600 annual boost to their pensions under the Canada Pension Plan (CPP). The increase, announced by the Canada Revenue Agency (CRA), aims to support seniors facing rising living expenses due to inflation. This article explains who qualifies for the increase, when payments will begin,…
If you’ve heard about a $3,000 payment for Social Security Disability Insurance (SSDI) recipients, it’s time to set the record straight. Here’s everything you need to know in simple, clear terms. Are SSDI Recipients Really Getting $3,000? No official announcements have been made about a $3,000 payment for SSDI beneficiaries. Some websites and social media…
Recently, rumors have spread about the Social Security Administration (SSA) issuing flat $2,200 payments to all beneficiaries. These claims have sparked hope among millions of recipients, including those on Social Security, Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), and Veterans Affairs (VA) benefits. However, after careful review, it’s clear that no such payment…
On January 17, 2025, the Texas Health and Human Services Commission (HHSC) announced a significant data breach affecting over 61,000 Texans. The breach involved unauthorized access to sensitive personal information by certain HHSC employees, leading to their termination and potential criminal charges. Scope of the Breach The compromised data includes full names, home addresses, Social…
As the 2025 tax season approaches, families across the United States are eager to understand the benefits of the Child Tax Credit (CTC) and determine their eligibility. The CTC offers significant financial relief, providing up to $2,000 per qualifying child under the age of 17. Notably, up to $1,700 of this credit is refundable, meaning…
Recent developments have raised concerns among Social Security Disability Insurance (SSDI) recipients about potential changes that could affect their benefits. Staying informed and proactive is essential to ensure continued support. Proposed SSDI Changes in 2025 As of January 2025, several adjustments to SSDI are on the horizon: Cost-of-Living Adjustment (COLA): Beneficiaries will see a 2.5%…
Millions of Americans are set to receive more money in their Social Security checks this year, thanks to a newly announced 2.5% cost-of-living adjustment (COLA). This adjustment, designed to help beneficiaries manage rising living expenses, marks a welcome change for retirees, disabled individuals, and Supplemental Security Income (SSI) recipients. How Much More Will You Get?…
As 2025 begins, there’s no better time to rethink your retirement strategy. Changes in savings rules, tax opportunities, and rising annuity rates have created fresh possibilities to grow your pension. Whether you’re just starting or nearing retirement, these easy-to-follow tips can help you boost your retirement income. Take Advantage of Higher Contribution Limits The government…
