The Social Security Administration (SSA) has reiterated the importance of compliance with reporting requirements to ensure that beneficiaries continue receiving their monthly payments. While there is no sudden policy shift leading to mass cancellations, pensioners must remain aware of their obligations to prevent disruptions in benefits. Why Some Pensioners May Lose Their Payments? The SSA … Read more
Millions of seniors and disabled individuals in the U.S. rely on Supplemental Security Income (SSI) to meet their basic financial needs. With recent cost-of-living adjustments (COLA) increasing SSI benefits, many are wondering when they can expect their next payment. If you’re anticipating the $714 payment or more, here’s what you need to know about its … Read more
The Social Security full retirement age (FRA) is changing in 2025, a shift that will directly impact millions of Americans planning for their golden years. As part of legislation passed in 1983, the full retirement age gradually increased from 65 to 67 for those born in 1960 or later. Now, in 2025, this transition reaches … Read more
For millions of Americans who receive Social Security benefits, the SSA-1099 form is a crucial document for tax season. Officially called the Social Security Benefit Statement, this form details the total benefits received in the previous year and is necessary for filing income taxes. If you did not receive your SSA-1099 or misplaced it, don’t … Read more
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