×

This year, Social Security benefits will increase by 3.2%; here’s when to expect them and what amount you’ll receive

This month as well as in January, 66 million Americans will get higher Social Security benefits. Social Security benefits will be adjusted for inflation by a cost-of-living adjustment (COLA) of 3.2 percent. From $1,848 this year to $1,907 this year, that is the average monthly income for a former worker in 2024, as stated in…

Read More
Social Security Administration: Navigating the Complex Landscape of Early Retirement Benefits at Age 62

Social Security Administration: Navigating the Complex Landscape of Early Retirement Benefits at Age 62

Early retirement has its advantages, such as more time for hobbies and family, but understanding the financial implications is crucial. Nearly 25% of individuals opt to start receiving their Social Security retirement benefits as early as age 62, according to the latest data from the Social Security Administration (SSA) The Social Security Administration (SSA) calculates…

Read More
Social Security Administration Faces Scrutiny as Overpayment Recovery Impacting 2 Million Beneficiaries Revealed in Documents

Social Security Administration Faces Scrutiny as Overpayment Recovery Impacting 2 Million Beneficiaries Revealed in Documents

This number is more than double what Acting Commissioner Kilolo Kijakazi disclosed during a congressional hearing in October, as revealed by documents obtained through a Freedom of Information Act request by KFF Health News and Cox Media Group. The Social Security Administration (SSA) is facing scrutiny over the recovery of overpayments from beneficiaries, with the…

Read More
Social Security Administration Unveils Strategies to Surpass Average Benefits

Social Security Administration Unveils Strategies to Surpass Average Benefits: New Report Highlights Key Approaches for Retirees

In a recent report, the Social Security Administration (SSA) emphasizes the natural inclination humans have to compare themselves with others, a trend observed from childhood to adulthood. The Social Security Administration (SSA) delves into the comparison of Social Security benefits, shedding light on how retirees can surpass the average benefit for their respective age groups…

Read More
Social Security Administration Brings Holiday Cheer with Extra Payments

Social Security Administration Brings Holiday Cheer with Extra Payments: Two Checks for SSI Recipients in December

In the festive spirit of December, These recipients will receive their first SSI check on Friday, December 1, with the second installment following four weeks later on Friday, December 29. The Social Security Administration (SSA) is set to spread some financial cheer by issuing two checks this month to Supplement Security Income (SSI) beneficiaries This…

Read More