SSA announces 2025’s peak benefit rate—Find out if you’re eligible

US Social Security card, permanent resident card and hundred-dollar bills against an American flag backdrop.

SSA is increasing benefits this year, and you might be pleasantly surprised by just how much. Thanks to shifts in the cost of living, many Americans stand to benefit from larger monthly payments. Ready to uncover the specifics? In 2025, certain Social Security recipients could receive a monthly amount of up to $5,180. This figure … Read more

Social Security 2025: how much is the highest monthly benefit you can receive this year?

Stack of $100 bills beside a Social Security card and pinned calendar date, illustrating 2025’s maximum benefit payment schedule.

Social Security benefits in 2025 have increased by 2.5% due to COLA, raising the maximum monthly amounts for retirees and individuals with disabilities. This change might affect your future finances, especially if you’re aiming to receive the highest possible payment. Who will benefit most from this increase? Anyone who has worked long enough, earned a … Read more

IRS can seize savings accounts and 401(k) Plans for tax debts — Retirement plans and bank accounts at risk

Elderly man holding his head in frustration over potential retirement savings seizure

Find out who could lose their money under this Internal Revenue Service (IRS) tax regulation. The United States government has implemented firm guidelines for collecting overdue taxes, and that policy is now drawing attention from everyone with a retirement plan or savings account. This measure, authorized under certain circumstances, can directly affect individuals who have … Read more

Goodbye to additional verification. The SSA reverses course: eliminates three-day delay on retirement applications

Former President Donald Trump and DOGE chief Elon Musk in front of Social Security seal after policy reversal.

The Social Security Administration (SSA) has abruptly reversed an anti-fraud measure that had sparked anxiety among many retirees. This change arrives in the wake of major downsizing efforts by the Department of Government Efficiency (DOGE), led by Elon Musk, which left the SSA shorthanded and scrambling to manage rising workloads. Retirement benefit recipients who were … Read more

Goodbye to full retirement at 65: If you’re 65, forget about receiving 100 % of your benefits—SSA now requires you to wait until age 66 years 10 months (or 67) to claim the full amount

older man in navy suit waving with social security cards behind him, symbolizing new full retirement age of 66 years 10 months

Goodbye to full retirement at 65: If you’re 65, forget about receiving 100 % of your benefits—SSA now requires you to wait until age 66 years 10 months (or 67) to claim the full amount. A wave of changes is on the horizon for millions of retirees in the United States as the official full … Read more

Blend your SSDI check with a paycheck using the nine-month trial work period

A wooden gavel resting on U.S. benefit forms alongside dollar bills and an American flag, illustrating the SSDI nine-month trial work period

Did you know that returning to work doesn’t automatically mean losing your Social Security Disability Insurance (SSDI) check? Many people receiving these benefits feel ready to explore employment opportunities but worry about jeopardizing their monthly payments. Here’s the good news: with the right approach, you can keep your SSDI check while stepping back into the … Read more

Social Security to deposit $2,039.72 for 69-year-olds on June 3

Smiling 69-year-old man with a Social Security card in the background

The SSA announces four paydays and clarifies eligibility details for retirees and SSI beneficiaries. Social Security has just confirmed that 69-year-old retirees could receive an average monthly payment of $2,039.72 in June 2025. This information is particularly relevant for those who either began collecting benefits before May 1997 or combine Supplemental Security Income (SSI) with … Read more

More than 70 million people will receive an average of US$1,976 in June: check the exact date of your Social Security check based on your date of birth

Close-up of a Social Security card on U.S. dollar bills and coins symbolizing June 2025 benefit payments averaging $1,976

The Social Security Administration (SSA) has announced the June payment schedule for millions of Americans who rely on monthly checks to cover everyday expenses. Retirees, disabled individuals, and other recipients under federal programs could see payment dates differ based on their birth date or special eligibility criteria. In June, most beneficiaries will receive their funds … Read more

Confirmed. Wells Fargo is changing transfers forever: who is affected?

Wells Fargo branch with prominent red sign and U.S. flag, illustrating upcoming 2025 transfer-policy changes

The bank will update the terms and conditions of its transfers in May, aiming to strengthen oversight and prevent suspicious movements. Both individuals and businesses could see some changes in how they manage their funds. Wells Fargo, one of the largest banking institutions in the United States, has announced that it will revamp its Online … Read more

The IRS warns: penalties if your check or electronic payment is rejected due to insufficient funds

IRS tax notices, Treasury check, and magnifying glass on Form 8965 illustrating penalties for bounced payments with insufficient funds

The Internal Revenue Service (IRS) is reminding taxpayers about a penalty that applies when bank accounts used for tax payments do not have sufficient funds. This measure is designed to ensure that individuals and businesses meet their obligations responsibly and avoid bounced payments. Why is the IRS focused on insufficient funds now? In recent updates, … Read more

Confirmed. Changes to Social Security payments in June 2025: checks will be issued on June 3, 12, 18, and 25; some beneficiaries will see reductions

Calendar for June 2025 with Social Security cards highlighting benefit payment dates — June 3, 12, 18 and 25.

Social Security is a lifeline for millions in the United States, and June 2025 brings a few updates that every recipient should know. Curious about your exact payment date or whether you might be affected by recent changes? Let’s break down the details and highlight what to expect. Beneficiaries will see the same general payment … Read more

How Social Security is taxed today: Crossing $32K or $44K triggers 50% or 85% taxable benefits

Social Security cards and hundred-dollar bills illustrating 32k and 44k income thresholds that trigger taxes on benefits

Legislation aims to lessen the tax burden for Americans aged 65 and older A fresh legislative push on Capitol Hill could significantly reduce federal income tax for many Social Security recipients over 65. Under the newly passed “One Big Beautiful” bill, married couples filing jointly could see their standard deduction rise to $35,200, with an … Read more

Goodbye to retirement at 65: Social Security sets the full retirement age at 67 starting in 2026

Social Security card and $100 bill over American flag illustrating retirement age increase to 67 in 2026.

Starting in 2026, the Social Security Administration (SSA) will finalize a major change in retirement policy. The new full retirement age (FRA) is set at 67, marking the official end of a process that began back in 1983. Who does this affect? Virtually every future retiree in the United States looking to maximize their Social … Read more

SSI payment pushed to May 30—Married recipients to receive full $1,450 If eligible

Elderly married couple holding hands in front of a Social Security check and U.S. dollar bills, symbolizing SSI benefits.

Social Security has announced that the final deposit for Supplemental Security Income (SSI) recipients will arrive on May 30, which is two days ahead of the usual schedule. This earlier deposit coincides with the June 1 payment date falling on a Sunday, prompting the rescheduling. In 2025, some married couples who qualify will see their … Read more

Deadline: June 30, 2025. Pennsylvania confirms tax refunds of between $380 and $1,000 for seniors, widows, and people with disabilities

Social Security card and U.S. cash illustrating Pennsylvania tax refund payments of $380 – $1,000 for eligible residents.

A new property and rental tax refund program in Pennsylvania is set to deliver much-needed relief starting July 1. Seniors, widows, widowers, and individuals with disabilities could receive anywhere between $380 and $1,000, depending on their income and personal circumstances. Pennsylvania’s Department of Revenue aims to support older adults and vulnerable citizens through this initiative. … Read more

Say goodbye to the penny: the 1-cent coin costs 3.7 cents to manufacture, and Trump has ordered its disappearance

Close-up of scattered U.S. pennies showing Lincoln and the Lincoln Memorial, highlighting the rising minting costs behind their phase-out.

One-cent coins, commonly known as pennies, will stop being produced in the United States next year, marking a historic shift in American coinage. According to the Treasury Department, the decision aims to curb production costs and simplify transactions for businesses and consumers alike. The penny, one of the first coins minted by the US Mint … Read more

Goodbye to these Wells Fargo accounts: it will close the accounts of anyone who has not met this requirement on time

Wells Fargo red sign with large yellow lettering and stagecoach emblem, illustrating the bank amid inactive-account closure news.

Wells Fargo has announced a new 16-month deadline for customers to keep their bank accounts active. This update is designed to address increasing concerns about inactivity and to ensure that all users understand the steps needed to maintain full access to their funds. In its official statement, Wells Fargo explained that if an account remains … Read more

The SSA announces its latest update: collecting benefits earlier will cost you up to 30% less over your lifetime. Read the official recommendations here

Man in blue suit with flag lapel pin against a backdrop of hundred-dollar bills and an upward-pointing Social Security arrow illustrating reduced lifetime benefits for early claimants

More than 71 million Americans rely on Social Security to keep up with living expenses. Now, newly announced modifications for 2025 could reshape your monthly checks, potential earnings, and overall retirement outlook. All the major changes revolve around a 3.2% Cost-of-Living Adjustment (COLA), new earnings thresholds for workers, and shifting retirement guidelines. Whether you already … Read more

Social Security beneficiaries over the age of 62 will receive up to $1,999 today, Wednesday, May 28

Senior couple smiling in front of an American flag with a Social Security card and dollar bills

A welcome relief arrives for seniors as two different payments align Retirees in the United States who are 62 or older may receive an important Social Security payment this week, specifically on May 28, 2025. This payout could reach an average of $1,999, offering extra financial support to many seniors. It also coincides with a … Read more

Social Security payments of up to $5,108 start arriving today, May 28, to avoid delays after the holiday

Donald Trump pointing in front of U.S. dollar bills and Social Security checks

Millions of Americans are set to receive new Social Security checks, with some beneficiaries getting as much as $5,108. This development could be especially significant for those relying on monthly benefits to cover essential expenses. Recipients who receive retirement, spousal, or survivor benefits and were born between the 21st and 31st of any month will … Read more