The most overt way Social Security beneficiaries preserve their purchasing power against inflation is the annual COLA. However, at only 2.5% for 2025, this is the smallest COLA in several years and might not be enough to offset rising prices. This could prove as a challenge for millions of retirees whose social security benefit stands … Read more
This bill, signed into law by President Joe Biden on January 5, 2025, marked a significant shift in the landscape for Social Security benefits, particularly for public sector retirees. This act essentially does away with two long time provisions: WEP and GPO, long-time provisions which have hitherto reduced the benefits for those who receive pensions … Read more
As every year, millions of Americans feel like doing something special around St. Valentine’s Day. If you rely on Social Security payments, it may be important for you to know whether your monthly payment will arrive before or after St. Valentine’s Day. Overall, only two groups of U.S. pensioners can receive Social Security payments before … Read more
In 2025, Social Security recipients across the United States are eagerly awaiting their first $1,976 checks, as recent adjustments and new policies continue to shape the benefits landscape. But what’s behind this significant boost? Was it due to new policies enacted by the Trump administration, or are other factors at play? Let’s break down the … Read more
Social Security is a crucial financial lifeline for millions of Americans, and each year, adjustments are made to reflect economic changes, inflation, and government policies. Today, six important changes are taking effect that could impact your retirement plans, benefit payments, and overall financial security. If you’re receiving Social Security or planning to claim soon, here’s … Read more
Trump’s Federal Funding Freeze: The recent pause imposed by US President Donald Trump on federal grants and loans has raised concerns about the impact on several important social programs, especially Social Security. But will retirees and other beneficiaries see any interruption in their payments? Here’s what we know so far. Matthew Wyeth, the acting director … Read more
As we move into 2025, adjustments have been made to Social Security and Additional Security Income (SSI) payments based on a cost-of-living increase (COLA) of 2.5%. This increase raises the maximum monthly SSI payment to $967 per individual, $1,450 per couple, and $484 for individuals. However, variations are found across states, which are due to … Read more