Millions of Americans are receiving long-awaited Social Security adjustments following the repeal of the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). Here’s everything you need to know about the eligibility requirements, payment amounts, and when you can expect your benefits. What Changed? Understanding the Social Security Fairness Act The Social Security Fairness Act, Continue reading
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2025 COLA Increase Broader Impact on Supplemental Security Income (SSI), Payment Dates for 2025
The Social Security Administration (SSA) has announced a significant cost-of-living adjustment (COLA) for 2025, aiming to address the rising costs faced by beneficiaries. This adjustment impacts millions of Americans, including retirees, disabled individuals, and surviving family members who rely on Social Security benefits. Here’s a detailed breakdown of what the 2025 COLA increase means for Continue reading
Trump’s Tax Plan and Social Security: Relief or Risk?
During his 2016 campaign, President-elect Donald Trump made a bold promise: “Seniors should not pay tax on Social Security.” This pledge resonated with millions of retirees, sparking hope for increased financial relief. However, the implications of eliminating taxes on Social Security benefits are complex and could pose significant challenges for the program’s sustainability. Here’s an Continue reading
Social Security Shakeup: Fairness Act Could Transform Benefits for Millions – Here’s What’s at Stake
The Social Security Fairness Act, a long-awaited reform with the potential to dramatically alter retirement benefits for millions of public workers and their families, has now advanced to the Senate. With only weeks remaining in the legislative calendar, the pressure is mounting for a decisive vote. Here’s a detailed look at what this bill could Continue reading
December 2024 Social Security Payments: Who’s Receiving $1,800 and Why
Social Security remains a cornerstone of financial stability for millions of Americans, especially retirees and individuals with disabilities. As December 2024 approaches, some beneficiaries are set to receive monthly payments around $1,800, surpassing the 2024 national average benefit of $1,767. This article explains who qualifies for these higher payments, the schedule for December disbursements, and Continue reading
Safeguard Your Social Security Number: Essential Tips to Protect Your Identity and Prevent Fraud
Your Social Security number (SSN) is one of the most critical pieces of personal information you own. Unfortunately, it’s also a prime target for identity thieves. Once your SSN is compromised, it can be used for fraudulent purposes, making it imperative to understand how to protect it and respond effectively if it’s stolen. This comprehensive Continue reading
Keep More of Your Social Security: 41 States That Won’t Tax Benefits in 2025
Social Security serves as a lifeline for millions of retired Americans, with 40% of those aged 65 and older relying on it for at least half of their income, according to the AARP. However, where you live significantly affects how much of your Social Security income you can keep. While federal taxes can take up Continue reading
Social Security Shake-Up: Major Changes Coming in 2025 — Are You Affected?
Big Changes Ahead for Social Security Recipients in 2025: What You Need to Know The Social Security Administration (SSA) has unveiled significant updates for 2025 aimed at adapting to economic shifts and improving the program’s long-term sustainability. These changes are set to impact retirees, individuals with disabilities, and others who rely on Social Security and Continue reading
Retirement Redefined: Social Security Full Benefits Age Changes Starting January 2025
The rules of retirement are evolving, and as of January 1, 2025, the full retirement age for Social Security benefits is undergoing another shift. This change means saying goodbye to the full retirement age of 66 years and 8 months for millions of Americans, with new rules impacting when you can claim your full benefits Continue reading
Attention Social Security Recipients: Essential Year-End Tasks to Secure Your 2025 Finances
As the year comes to a close, Social Security beneficiaries must take proactive steps to prepare for 2025. With new adjustments to benefits, Medicare premiums, and the cost-of-living adjustment (COLA), evaluating your financial situation now can help you avoid surprises and start the new year on solid financial footing. Here’s what you need to do Continue reading