McPhersonBuzz News

In July 2024, people with disabilities in the U.S. will receive up to $4,000 in new stimulus checks from the Social Security Administration, with payments scheduled based on birth dates and including a 3.2% cost-of-living increase to help manage rising costs. Upcoming $4,000 Stimulus Checks for People with Disabilities – Payment Dates and Details According […]

$4,000 Stimulus Checks for People with Disabilities: Social Security Administration’s Latest Effort to Ease Financial Strains

The Social Security Administration utilizes four variables when calculating your monthly retired-worker benefit. There are well-defined advantages to initially collecting Social Security benefits at ages 62, 66, and 70. A thorough study of 20,000 retired-worker claims finds that one claiming age is superior to all others in terms of maximizing...

Here's the Average Social Security Benefit at Ages 62, 66, and 70

WashingtonExaminer

Millions of retirees can expect to see their August Social Security payments, worth up to $4,873 for the highest-income earners who retire at age 70, in just three days. The first round of Social Security payments typically are sent out on the second Wednesday of every month, with the next two rounds to follow on subsequent Wednesdays. This […]

Social Security update: First round of August payments worth $4,873 go out in three days

FinanceBuzz

An extra check is coming your way if you collect social security!

Social Security Recipients Can Expect to Receive an Extra Payment In August

The Social Security payment schedule is a little different for August, and the second round of checks are headed out next week -- more than a week after the first payments were sent out. We'll fill you in when you can expect to see your payment hit your bank account. If you're still waiting on your check from July, check out why it may not have arrived and what you can do about it.

August's Social Security Check Is on the Way: Here's When You'll Get It

The Social Security Administration (SSA) is making changes to its payment schedule for August and September. This will affect millions of Americans who rely on Social Security benefits, particularly those receiving Supplemental Security Income (SSI). Typically, SSI benefits are paid on the first of each month. However, when the first...

Early SSI payments scheduled for August

The Motley Fool

A shakeup is coming to Social Security. See what's in store for 2025.

These 3 Social Security Changes Are Coming in January. Prepare Yourself Now.

If you get Social Security checks, keep an eye on the calendar: Certain beneficiaries will receive two payments in August. The scheduling change affects Supplemental Security Income, or SSI, which is a Social Security program that provides financial help to low- and no-income Americans who don't have many resources and are blind, disabled, or age 65 and up. According to the latest data from the Social Security Administration, about 7.4 million people receive SSI every month.

Millions of Social Security Recipients Will Get 2 Payments This Month

Fortune

People very limited financial resources may qualify for Medicaid to help pay for health costs not covered by Medicare. Health care expenses often increase as people age, due to more health challenges and care needs. According to the Centers for Medicare & Medicaid Services, U.S. adults ages 65 and over...

Who is eligible for both Medicare and Medicaid?

During the month of July, we'll get the first real numbers that will determine the amount of the 2025 Social Security Cost of Living Adjustment. Learn more here.

July Is an Important Month for Social Security. Here's Why

Social Security's cost-of-living adjustment (COLA) is on the verge of doing something that hasn't happened in roughly three decades -- but it likely won't help retirees.

Social Security's 2025 Cost-of-Living Adjustment (COLA) Forecast Has Changed -- but a History-Making "Raise" Is Still Probable

Millions of retirees rely heavily on their benefits to make ends meet. While the program can be complex, understanding how your payments are calculated is a smart move. Small steps could help you squeeze every penny out of Social Security. These lesser-known strategies could give your benefits a major boost.

3 Social Security Secrets That Could Earn You Hundreds More per Month

For most retirees, Social Security income is a necessity to make ends meet. Even though the average retired-worker benefit in May was only $1,916.63 (about $23,000 on an annualized basis), no social program pulls more seniors out of poverty each year than Social Security. Moreover, 23 years of annual surveys...

7 Ways You Can Lose Some, or All, of Your Social Security Benefit

Whether you're collecting benefits now or not, it's time to prepare.

Prediction: These 3 Changes Are Coming to Social Security in 2025

We don't know exactly what next year's raise will look like, but there's reason to be hopeful.

Social Security's 2025 COLA: There's Good News Ahead for Retirees

Queen City News

Your retirement age can have a major impact on your monthly Social Security check. Here's what to consider.

When is the best age to take Social Security?

Social Security beneficiaries should prepare for several changes in 2025 that will impact their monthly benefits. The most significant adjustment will be the cost-of-living adjustment (COLA), which is estimated to be around 2.7% based on current inflation trends, according to the Senior Citizens League. However, higher-than-expected inflation could push this number even higher.

Social Security’s 2025 COLA estimate updated

More than 50 million Americans receive Social Security retirement benefits. Most of these recipients are retirees who worked and paid Social Security taxes. But millions of dependents and survivors of retired workers, including spouses and ex-spouses, also receive a monthly benefit from Social Security. Spouses can collect Social Security benefits...

Divorce & Social Security Spousal Benefits

Social Security recipients can expect a cost-of-living adjustment (COLA) of around 2.6% to 2.7% in 2025, according to recent forecasts. This would mark the first time in 32 years that Social Security benefits have seen four consecutive COLAs of at least 2.7%. The Senior Citizens League (TSCL) predicts a 2.63% COLA for 2025, while independent analyst Mary Johnson has slightly lowered her forecast.

Modest Social Security COLA Expected for 2025

SmartAsset

For many people, early retirement means 62. This is the age they can start withdrawing money from their retirement accounts and receive Social Security. For example, let's assume an individual with $425,000 in a Roth IRA, a $1,000 monthly pension, and expect $1,600 in Social Security. Is it going to be enough? As often in […] The post I’m 62 With $425k in a Roth IRA and $2,600 per Month between Social Security and Pension. Can I Retire Now? appeared first on SmartReads by SmartAsset.

I'm 62 With $425k in a Roth IRA and $2,600 per Month between Social Security and Pension. Can I Retire Now?

NewsBreak

When Social Security Recipients Will Get Their Checks in August

August is another wonky month for Social Security recipients, with two changes to the normal calendar due to payment dates falling on the weekend. Roughly 68...

When Social Security Recipients Will Get Their Checks in August

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