The Social Security Administration (SSA) implements changes in the benefits each year to help beneficiaries. While most of the updates are a respite, changes in 2025 will be burdensome for many who rely on it as their major source of income. These updates include smaller cost-of-living adjustments (COLA) and tighter earnings limits. Some of these … Read more
The Social Security Administration (SSA) has just released its 2025 payment calendar, and this year, there is something different: some months will contain double payments for Supplemental Security Income (SSI) recipients. This is not extra money, but rather a consequence of the calendar. Let’s break down why this occurs, the crucial dates, and how to … Read more
It helps to serve as some sort of cushion in retirement. However, it won’t keep your lifestyle rolling in without an average monthly benefit of $1,925 by November 2024. Basic expenses can be covered, but you want to plan for income sources besides Social Security. You may need a little kickstart to retire and save … Read more