WashingtonExaminer

The first round of August’s Social Security payments, worth up to $4,873 for the highest-income earners who retire at age 70, will go out to the first group of retirees on Aug. 14. Here is everything to know about this month’s Social Security payments. What is it? Former President Franklin D. Roosevelt signed the Social […]

Social Security update: First round of August payments worth $4,873 to go out in 21 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 Motley Fool

These changes could surprise both retirees and workers.

Get Ready for 3 Big Social Security Changes Coming in January 2025

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

If your full retirement age is 67, claiming at 62 will reduce your monthly payment by 30%. Your break-even age is when the total benefits received from claiming Social Security at one age equal those of another age. Retirees should consider if the many months of missed payments are worth...

The No. 1 Reason to Claim Social Security at Age 62

The average Social Security benefit at age 65 is about $1,553 per month. This is for retired workers who started collecting Social Security before full retirement age. Sixty-five is a common age to start Social Security because it is the age of Medicare eligibility. Here's what the typical 65-year-old gets...

This Is the Average Social Security Benefit for Age 65

The US Sun

A DAD-OF-FIVE died after mistakenly pouring washing detergent on a bowl of cornflakes instead of milk, an inquest has heard. Tom McDonald was rushed to St Vincent’s University Hospital (SVUH) in Dublin on March 9, 2023, after his daughter realised he had accidentally poisoned himself. “It was so quick – he was perfectly well and […]

Dad-of-five with dementia died after accidentally pouring washing detergent on his cornflakes instead of milk

Some experts believe Social Security benefits are losing buying power due to the way COLAs are determined, and the latest inflation data indicates that trend could intensify next year.

The Social Security Cost-of-Living Adjustment (COLA) Forecast for 2025 Was Just Updated. The Outlook for Retirees Remains Grim.

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

Understanding the nuances of Social Security is crucial for managing your finances effectively and ensuring you receive your benefits when expected.

Here's Why You'e Not Getting a Social Security Payment This Week (And When to Expect It)

Social Security benefits are set to receive a cost-of-living adjustment (COLA) in 2025, but the increase may not be enough to address the financial concerns of many retirees. The COLA is projected to be around 2.6%, which is below the 10-year average of 2.75% and the smallest raise since 2021. This adjustment comes at a time when retirees are already facing significant challenges.

social security COLA raises concerns for retirees

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?

These lesser-known strategies could give your benefits a major boost.

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

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Financial Freedom Countdown

As we await the official Social Security cost-of-living adjustment (COLA) numbers, the Senior Citizens League (TSCL) has revised its long-term Social Security COLA forecast for 2025 to 2.63%. While this is an increase from the June 2024 forecast of 2.57%, it might not be enough for seniors struggling to keep up with inflation.

Retirees Brace for 2025 Social Security COLA Forecast as a 2.63% Increase May Not Be Enough

NewsNation

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?

Savannah, GA

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Daily Coffee Press

Newly returned indictments in the Southern District of Georgia include felony charges for illegal firearms possession and drug distribution, while additional defendants have been sentenced to federal prison or await further proceedings after pleading guilty to federal gun charges.

Federal Charges in Southern GA: Indictments and Sentences for Firearms and Drug Offenses

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

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Only income up to the wage base limit is subject to Social Security taxes. Delaying benefits increases the monthly payout until you reach age 70. Only around 6% of people earn above the yearly wage base limit. You'll have to meet income requirements as well as delay benefits as late...

2 Steps to Claiming the $4,873 Max Monthly Social Security Benefit

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

NewsBreak

Social Security update: August direct payment worth $943 goes out in 20 days

August’s Supplemental Security Income payment, worth up to $943, will go out to millions of beneficiaries in 20 days. The payments will go out on Aug....

Social Security update: August direct payment worth $943 goes out in 20 days

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