Social Security benefits are a critical aspect of retirement planning for millions of Americans. In 2025, individuals born in 1963 will finally become eligible to claim Social Security benefits at the age of 62. For many, this milestone marks the culmination of years of contributing to the program. However, they’re not the only group reaching … Read more
The Social Security Administration (SSA) adjusts benefits every year based on inflation through a process called the cost-of-living adjustment (COLA). This adjustment is meant to help retirees keep up with the rising costs of goods and services. However, there’s more to COLA than many retirees realize. Here are five key facts seniors should know about … Read more
Social Security has long been seen as a crucial financial safety net for retirees across the United States. Millions of Americans depend on it for financial stability after leaving the workforce. However, concerns about its longevity have resurfaced as the program faces a mix of economic, political, and demographic challenges. Recent reports and expert analysis … Read more
The next round of Supplemental Security Income (SSI) payments is set to be distributed on January 31, providing much-needed financial support to millions of eligible beneficiaries. These payments are specifically designed to assist individuals living with severe disabilities that significantly affect their ability to earn a stable income, as outlined by the Social Security Administration … Read more
Selling your home during retirement or while receiving Social Security Disability Insurance (SSDI) benefits might feel like a big decision, especially if you’re concerned about how it could impact your benefits. The good news is that selling your home won’t directly affect your eligibility for most Social Security programs, but there are exceptions you need … Read more
Planning for retirement involves many decisions, and one of the biggest is when to start claiming your Social Security benefits. You can start collecting benefits as early as age 62, but that choice comes with trade-offs. Although your monthly payment will be reduced compared to waiting until full retirement age (66 or 67, depending on … Read more
Social Security is a vital source of income for millions of retirees across the United States. However, not everyone is aware that these benefits may be subject to taxes – both federally and at the state level. While federal taxes on Social Security apply to retirees with income exceeding a specific threshold, some states impose … Read more
Many Americans rely on Social Security, a program that supports over 70 million people and is the largest federal government expense. Concerns about its financial future often include claims that Social Security funds are being “raided” by Congress and presidents. But is this true? Let’s break it down. Understanding the Basics of Social Security Funding … Read more
Are you planning to start drawing your Social Security benefits but still working full-time? This is a common situation for many nearing retirement, but it’s essential to understand the rules to avoid surprises. Here’s a breakdown of how Social Security works when you’re still employed. Understanding the Basics At 63, you are eligible to claim … Read more