The Social Security Administration (SSA) has confirmed the 2025 Cost-of-Living Adjustment (COLA), which will bring a 2.5% increase to monthly retirement benefits. While this adjustment offers some relief, it’s smaller than many retirees expected, especially when compared to recent years. With inflation cooling in 2024, the modest increase reflects the current economic environment as we … Read more
Many Social Security beneficiaries are eager to know if they’ll see the 2025 COLA increase in their upcoming payments. However, the 2.5% COLA adjustment will not apply to payments issued in October 2024. Let’s take a closer look at this week’s Social Security payment schedule, who will receive money, and when the 2025 COLA increase … Read more
Millions of Americans are excited about the 2025 cost-of-living adjustment (COLA) for Social Security benefits, which will soon provide a welcome financial boost. If you’re a retiree, or receive Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI), you’re probably wondering when this increase will be added to your benefits. Here’s everything you need … Read more
November is bringing some good news for certain Social Security recipients! If you receive both Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) or retirement benefits, you might notice an earlier-than-expected boost in your account this month. Instead of receiving payments on separate dates, both benefits will arrive on November 1, 2024, making … Read more
The Social Security Administration (SSA) has confirmed that payments of up to $4,873 will be distributed this week, kicking off a series of four different paydays in October. However, whether you receive your money early or later in the month depends on several factors, such as your retirement age, birthdate, and other specific conditions. Let’s … Read more