What the cost-of-living adjustment increase in Social Security means

Social Security benefits

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

Why there won’t be a Supplemental Security Income check to start December

Financial Planning

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

Social Security Benefits: Key Changes to the 2025 Payment Schedule

Social Security payment schedule

The Social Security Administration (SSA) has released the official payment schedule for November 2024, providing much-needed clarity for millions of Americans who rely on these benefits. This article will delve into the specifics of the November payments, discuss the broader implications of Social Security, and explore potential challenges and future prospects for the program. November … Read more

Social security administration tips to Maximizing Your Social Security Benefits

Social security administration

The Social Security Administration (SSA) is gearing up to distribute millions of dollars in monthly benefits to eligible recipients this November. This comprehensive guide will provide you with all the necessary information regarding Social Security benefits, including regular payment dates, the extra SSI payment, and eligibility criteria. Understanding Social Security benefits Social Security is a … Read more