Social Security update for 2025: Increase in cost of living means higher benefits
Almost all Social Security beneficiaries are familiar with the most popular and publicized change: the increase in monthly benefit checks for 2025 due to the automated cost-of-living adjustment, or COLA. As you already know, that increase will be 2.5%.
Cooling COLA: 2024 Social Security Benefits Up 3.2% Amid Lower Inflation
The average Social Security payment will rise by more than $50 per month starting in January, thanks to the federal government’s 3.2% annual cost-of-living adjustment, or COLA. A 3.2% increase in the average Social Security check—about $1,
Risking Your Social Security Benefits? Here's What to Watch Out For
Social Security Income (SSI) payments are designed for people who have little to no income. So if you earn too much you can lose your benefits. In 2024, that annual income limit was $11,321.49 for an individual. In 2025, that goes up to $11,604.53. That's $967 per month.
Social Security Has an Immigration Problem -- and It Can't Be Ignored Any Longer
As of the 2024 Trustees Report, Social Security was contending with a $23.2 trillion (and growing) long-term funding obligation shortfall. Even more pressing, the asset reserves for the Old-Age and Survivors Insurance Trust Fund (OASI), which provides monthly payouts to retired workers and survivor beneficiaries, is expected to be depleted by 2033.
This is the Biggest Social Security Check Any Retiree Will Get in 2025
Social Security is one of the most important income sources for retirees. Most people qualify for retirement benefits as long as they worked long enough, and the benefits are both protected from the impact of inflation and guaranteed to last until your death.
5 Social Security changes retirees and workers should know in 2025
Workers will have to earn a little bit more to earn their 2025 Social Security work credits, and that's not the only change this year.
What the Social Security Fairness Act Means for You
Retirees with public pensions and their spouses are now eligible for their full Social Security benefits. Just two weeks before leaving the White House, President Biden signed the Social Security Fairness Act of 2023 into law on Jan.
How the Social Security Fairness Act will impaact retirees
Craig Bolanos, Co-Founder and Wealth Advisor at VestGen Wealth Partners, appeared on the WGN Evening News to discuss the changes to social security under the Social Security Fairness Act. To contact Craig Bolanos,
Social Security Fairness Act opens access to benefits for public employees
The Social Security Fairness Act was co-sponsored by U.S. Rep. Garret Graves, R-Baton Rouge, and U.S. Rep. Abigail Spanberger, D- Virginia. The bill eliminates federal provisions that reduce benefits for teachers,
When will police, teachers receive raise from new Social Security Fairness Act?
Former Louisiana Congressman Garret Graves' Social Security Fairness Act repeals WEP and GPO penalties for millions of government retirees.
Social Security Fairness Act: What Will Happen to Your Benefits Now That It’s Become Law?
The Social Security Fairness Act (SSFA), which was recently signed into law on Jan. 5, by President Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income
Social Security February direct payment worth $967 goes out in 17 days
February’s Supplemental Security Income payment, worth up to $967, will go out to millions of beneficiaries in 17 days. The ...
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Social Security January 2025: The Next Round of Checks Are Headed Out
We're nearly half way into January and another set of Social Security checks will soon be headed out to beneficiaries. The ...
SSI Wage Reporting: How to report your monthly income to the Social Security Administration?
To make sure you retain Supplemental Security Insurance (SSI), it's crucial to accurately report your income to the Social ...
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Social Security 2025: How Long Does It Take To Get Approved?
fewer and fewer Americans are as well-versed in the actual procedures and timelines of applying for Social Security benefits or the nuances of the Supplemental Security Income (SSI) Program.
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Your Social Security: Continuing Disability Review
Do you receive Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI)? If so, you should know that we are required by law to review your case to verify ...
Social Security update: February direct payment worth $967 goes out in 18 days
February’s Supplemental Security Income payment, worth up to $943, will go out to millions of beneficiaries in 18 days. The ...
Social Security 2025: The requirement that must be met this year to avoid your account being deleted
The 2025 payment cycle for Social Security and Supplemental Security Income (SSI) has already begun to be distributed with ...