As the year draws to a close, it’s an opportune moment to reflect on your financial journey and take proactive steps to secure your future. By following this comprehensive checklist, you can optimize your finances, minimize taxes, and position yourself for long-term financial success. 1. Rebalance Your Investment Portfolio for year-end financial planning Over time, … Read more
The Social Security Administration (SSA) has announced a 2.5% Cost-of-Living Adjustment (COLA) for 2025. This increase will affect millions of Social Security beneficiaries, including retirees, disabled workers, and survivors. The COLA is designed to help offset the effects of inflation and ensure that beneficiaries maintain their purchasing power. Understanding the 2025 Social Security COLA The … Read more
The Social Security Administration (SSA) has announced changes to its payment schedule for 2025. These changes are primarily due to the calendar year and federal holidays. Let’s break down the key points: January 2025: SSI Recipients: Payment on December 31, 2024 (due to New Year’s Day falling on a Wednesday) Early RSDI Beneficiaries (Claimed before … Read more