If you’re curious about your Social Security benefits in 2025, there are some important updates to consider, especially with the annual Cost-of-Living Adjustment (COLA). This year, Social Security payments are seeing a 2.5% increase, which means slightly higher monthly payments for many recipients. But what does this mean for you, and could you be eligible…
Social Security plays a critical role for millions of Americans, providing a reliable income stream to retirees, people with disabilities, and families of deceased workers. With nearly 73 million beneficiaries across the country, this system helps ensure economic security for those who have contributed throughout their working years. The system, however, isn’t random—it operates on…
In 2025, Social Security beneficiaries will see a 2.5% increase in their monthly payments, known as the Cost-of-Living Adjustment (COLA). While the rise may seem modest, it offers significant support to many households, helping beneficiaries stay afloat amid rising costs. For most, this increase brings payments closer to $2,000 per month, offering a much-needed cushion…
Social Security benefits provide essential income for millions of Americans. Knowing exactly when your payments will arrive can help you avoid financial uncertainty and plan your expenses effectively. Here’s a breakdown of the payment schedule for January 2025 and guidance on what to do if any issues arise. Key Payment Dates for January 2025 Social…
By 2025, 41 U.S. states and Washington D.C. will no longer tax Social Security benefits, reflecting a growing trend to reduce financial burdens on retirees. This measure aims to provide relief for seniors who face rising costs for healthcare, medications, and other essential needs. However, nine states will continue taxing Social Security benefits, citing the…
The Social Security Administration (SSA) is making several important changes in 2025 that will impact both retirees and individuals receiving Supplemental Security Income (SSI). These adjustments aim to keep the system stable and aligned with the current economic climate. Here’s what you need to know to stay prepared. Cost of Living Adjustment (COLA) Increase In…
The Social Security Administration (SSA) has released its payment calendar for 2025, and some beneficiaries will be receiving double payments in certain months. While this isn’t something that happens every year, it’s a result of the way the calendar falls. Let’s break down the key dates and the reason behind these adjustments. What Is Supplemental…
On January 5, 2025, a groundbreaking change to Social Security took effect, with the introduction of the Social Security Fairness Act. This law eliminates two long-standing and controversial provisions—the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO)—that have been reducing benefits for millions of retirees for decades. By the end of 2023, more…
The Social Security Administration (SSA) provides essential financial support to millions of Americans, including retirees, individuals with disabilities, low-income seniors, and families who have lost a loved one. As 2024 draws to a close, beneficiaries will have three remaining opportunities to receive their payments, with some individuals eligible for amounts up to $4,873. How Social…
If your Social Security Disability benefits ended due to work-related reasons, you may be able to have them reinstated. However, if your benefits stopped because you recovered from a disability—through surgery, medical improvements, or therapy—you must meet the criteria for a new qualifying disability to receive benefits again. Why Do Disability Benefits End? Some recipients…