However, not everyone who is eligible will receive Social Security benefits. According to the Social Security Administration (SSA), a small portion of older Americans, about 3.3%, will never receive Social Security benefits, despite qualifying. This group is often referred to as “never beneficiaries.” Many people in the United States work for years, paying into Social … Read more
In December, over 7 million beneficiaries in the United States will see a surprise in their SSI payments. A change in the SSA payment calendar will result in double payments for many Social Security recipients. This change could confuse those who are used to receiving their payments once a month. However, for those paying close … Read more
The retirement landscape in the United States is about to change. Due to ongoing financial issues, the Social Security Administration (SSA) is proposing a shift in the minimum retirement age from 62 to 70. This change aims to address concerns over the system’s potential financial instability, with predictions that the SSA will face a fiscal … Read more
Thousands of people in the United States are at risk of not receiving their full Social Security benefits due to a federal law from 1983, called the Windfall Elimination Provision (WEP). This law affects people who worked in public service jobs, such as teaching or government positions, and who also had pensions from jobs that … Read more
Millions of Americans rely on Social Security programs for their income. For those who qualify for Supplemental Security Income (SSI), the program helps provide financial support, especially for people with disabilities or limited income. However, there is some important news regarding the final Social Security payment of 2024. SSI Payments and the $943 Distribution Supplemental … Read more
The Social Security Cost of Living Adjustment (COLA) 2025 will bring some exciting changes for beneficiaries. As part of this update, certain recipients will receive their January 2025 payment early, in December 2024. This adjustment ensures timely delivery, especially with January 1 being a federal holiday. Let’s break down who qualifies, what to expect, and … Read more
Cyber Monday marks the end of a busy shopping season for many, but it also signals the next Social Security payment for some recipients. If you’re wondering when your next Social Security check or direct deposit will arrive after all the Black Friday and Thanksgiving expenses, keep reading! The Social Security Administration has set up … Read more
If you’re a noncitizen and need to receive Supplemental Security Income (SSI) payments in the U.S., you may be wondering if you’re eligible. In fact, some noncitizens can qualify for SSI benefits, but there are specific rules that apply. The Social Security Administration (SSA) explains that SSI benefits have different requirements compared to regular Social … Read more
Starting in January 2025, Americans aged 67 and older who receive benefits from the Social Security Administration (SSA) will notice a change in their monthly payments. This increase is a part of the Cost-of-Living Adjustment (COLA), which helps people keep up with inflation. What is the COLA and How Will it Affect Social Security Payments? … Read more
In December 2024, retirees can receive a Social Security payment of up to $4,873, but only if they meet certain requirements. Understanding these requirements and how the payments work is important for those who rely on Social Security benefits. Social Security Requirements for December 3, 2024 Payments To receive the Social Security payment on December … Read more