Approximately 40% of Canadian companies offer some form of group retirement savings plan for their employees. Whether it’s a pension plan or a group RRSP (Registered Retirement Savings Plan), if you’re fortunate enough to work for an employer with such a plan, it’s crucial to leverage it to its fullest potential. In my experience, I’ve Continue reading
69-Year-Olds Who Could Receive Over $4,873 from Social Security in 2025
As individuals approach their late 60s, many wonder how they can maximize their Social Security retirement benefits. For 69-year-olds who are still working, there is a significant opportunity to boost their Social Security payments. High earners who meet specific criteria may qualify for the largest Social Security benefit payment available in 2025. Current Social Security Continue reading
IRS Update: Deadline Approaches 2024– Average Tax Refunds & Penalties for Failure to File
The IRS has issued a timely reminder for taxpayers: there is no need to wait until the October 15, 2024, deadline to file your 2023 tax return. Although some taxpayers have received an extension, it is crucial to remember that all taxes owed must be paid by April 15, 2024. Failure to do so could Continue reading
3 Ways to Turn $100K into $1M Before Retirement – Build Wealth
Discover 3 effective ways to turn $100K into $1M before retirement. Learn about smart investment strategies, financial planning tips, and expert advice to grow your wealth. Stay informed and take action to secure a comfortable and prosperous retirement. 1. Invest in the Stock Market 2. Start a Business 3. Real Estate Investment TFSA Contribution Limit Continue reading
Social Security Payments of $1,800 to $4,873 Coming Soon for Group 3 Retirees
Group 3 retirees in the United States are set to receive their Social Security checks in the coming days, with payments scheduled for August 21st. These checks will vary in amount based on individual work history, with potential payments ranging from $1,800 to $4,873. Additionally, those receiving Disability benefits may also be eligible for this Continue reading
GIS Allowance for Canadian Seniors in 2024: Eligibility Criteria & Amount Details
The Guaranteed Income Supplement (GIS) is a key financial aid program designed to support older Canadians who face financial challenges. Administered under the Old Age Security Act, GIS provides non-taxable monthly payments to eligible senior citizens. This article will delve into the details of the GIS Allowance, its eligibility requirements, and how to apply, with Continue reading
Social Security Checks: Say Goodbye to the 2024 Cost-of-Living Adjustment: New Date Announced
Social Security checks are a crucial aspect of American society, providing essential financial support to millions of Americans each month. For many, these benefits represent their primary source of income, making them highly dependent on these payments. However, due to rising inflation, these checks can sometimes fall short of meeting retirees’ needs. The Role of Continue reading
$1,537 Direct Deposit Checks for 2024: Check Your Eligibility & Payment Dates
The $1,537 Direct Deposit Checks have been a topic of discussion among many U.S. citizens, especially those who are beneficiaries of Social Security. This financial aid is intended to support low-income individuals, particularly those who have been adversely affected by the COVID-19 pandemic. Here’s a comprehensive look at what these checks are, who is eligible, Continue reading
The Truth Behind the Rumored $200 Increase in SSI Benefits: What You Need to Know
Many SSI beneficiaries have recently followed the news about a potential $200 increase in their monthly benefits. As August 2024 unfolds, speculation about this raise has caused quite a stir among those who rely on these payments to maintain their financial stability. However, it’s crucial to distinguish between what’s real and what’s rumor, understand who Continue reading
$8,000 SSI Increase in 2024: New Bill Eligibility for SSI, SSDI, and VA Benefits Explained
In August 2024, recipients of Social Security Disability Insurance (SSDI), Veterans Affairs (VA) benefits, and Supplemental Security Income (SSI) in the United States may see a notable increase in their payments. This potential $8000 SSI increase is part of the government’s ongoing efforts to address the rising cost of living. However, there are some uncertainties Continue reading