Social Security beneficiaries across the U.S. are set to receive their monthly payments on Wednesday, February 26, 2025. While many recipients will see deposits close to $2,000, not everyone qualifies for this amount. Here’s a detailed look at who’s receiving Social Security payments, how much they can expect, and what factors determine benefit amounts. Who … Read more
Tech billionaire Elon Musk recently claimed that over 20 million individuals listed in the Social Security Administration (SSA) database are over the age of 100, sparking concerns about potential fraud. However, experts and government officials say these figures are being misinterpreted. Here’s what’s actually happening. How the Social Security Database Works? The SSA maintains a … Read more
Millions of Social Security beneficiaries will receive their March Supplemental Security Income (SSI) payments early on Friday, February 28, 2025. The Social Security Administration (SSA) confirmed that this payment, usually scheduled for March 1, is being advanced because the date falls on a Saturday. The payment, which averages $967 per month, is not an extra … Read more
A new provision in the SECURE 2.0 Act of 2022 allows employers to match their employees’ student loan payments with 401(k) contributions. This means that employees burdened with student debt can pay off loans while still building retirement savings—something that was previously a challenge for many young professionals. The 401(k) student loan match officially went … Read more
Washington, D.C. – January 5, 2025 – Millions of teachers, firefighters, and other public servants are set to receive higher Social Security payments following the passage of the Social Security Fairness Act, signed into law by President Joe Biden. The law, which eliminates two long-contested provisions—the Windfall Elimination Provision (WEP) and the Government Pension Offset … Read more
Social Security beneficiaries could see a slightly lower Cost-of-Living Adjustment (COLA) in 2026 than initially projected, with new estimates suggesting a more moderate increase than anticipated. While COLA aims to help seniors keep pace with inflation, economic trends indicate that the upcoming adjustment may not be as generous as some had hoped. Here’s what retirees … Read more
The Social Security Administration (SSA) has been caught in a political firestorm after claims surfaced that millions of deceased Americans were still receiving benefit payments. These allegations, pushed by Elon Musk’s Department of Government Efficiency (DOGE), have sparked public concern over potential fraud within the Social Security system. In response, Acting Social Security Commissioner Lee … Read more
For many Americans, Social Security is a critical part of retirement planning. If the Social Security Administration (SSA) estimates that you will receive $4,000 per month upon retirement, you may be wondering: Is this really possible? The short answer is yes, but only under specific conditions. Whether you will receive $4,000 a month—or more—depends on … Read more
For retirees in New Jersey, there’s good news: Social Security benefits will remain exempt from state income tax in 2025. While some states impose taxes on Social Security payments, New Jersey continues to provide full exemptions for its residents. However, while state taxes won’t apply, retirees should still be aware that federal taxes may still … Read more
As March 2025 approaches, millions of Social Security beneficiaries are eager to know when they can expect their payments. The Social Security Administration (SSA) follows a structured schedule for distributing benefits, ensuring that recipients receive their funds on time each month. Here’s a detailed breakdown of when you can expect your Social Security and Supplemental … Read more