Changes will take effect from May 2025, signaling a major shift for American workers planning their retirement. This update affects those who expected to claim full Social Security benefits upon turning 65 and now face a longer wait. Starting next spring, the Social Security Administration (SSA) will continue implementing reforms enacted decades ago, gradually increasing … Read more
The Social Security Administration is demanding a substantial amount back from a grieving widow, raising questions for other retirees who may be facing similar overpayment claims. In Sheffield Lake, Ohio, 65-year-old widow Ruth Podmanik recently received a distressing notice from the Social Security Administration (SSA). After applying for her late husband’s benefits, she discovered she … Read more
The Social Security Administration (SSA) will release its final May payment on Wednesday, May 28, offering critical support for retirees, people with disabilities, and survivors. Many beneficiaries are eager to see this deposit, especially since it includes a cost-of-living adjustment (COLA) intended to help with rising expenses. This round primarily goes to individuals born between … Read more
The Social Security Administration (SSA) has just rescinded a key part of its anti-fraud policy, which had caused confusion among retirees and sparked nationwide concern. The announcement follows a wave of criticism from senior advocacy groups who claimed the measure delayed much-needed retirement benefits. Under pressure from a growing backlog of nearly 575,000 retirement claims, … Read more
This is the list of those who will receive more money from this year. Thousands of retirees across the United States are already feeling the impact of the Social Security Fairness Act, which officially removes the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). If you previously saw your Social Security benefits reduced … Read more
The Social Security Fairness Act has finally taken effect, and millions of recipients nationwide are now seeing larger monthly checks. Signed by President Joe Biden in January 2025, this legislation eliminates the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), granting a boost to public servants who were long penalized under these rules. However, … Read more
Starting in May, beneficiaries of Supplemental Security Income (SSI) will receive an early payment intended for June. This change has been made by the Social Security Administration (SSA) to ensure recipients have access to their funds at the start of the new month. Here’s everything you need to know. The SSA has set up a … Read more
The Social Security Administration (SSA) has updated its rules on the age at which workers can begin receiving full Social Security benefits. Millions of Americans are approaching retirement with the belief that turning 65 will automatically grant them full benefits. However, recent changes now depend on the year of birth. For years, 65 was considered … Read more
May estimate suggests a 2.4% boost, surprising many beneficiaries. The Cost of Living Adjustment (COLA) for Social Security in 2026 is currently projected at 2.4%, making it potentially the smallest increase in the last five years. According to recent data, this figure is below the 2.5% awarded for 2025, raising concerns among retirees and other … Read more
If you’ve been counting down to 65 as the magic number for full Social Security benefits, think again. A new shift takes effect in 2025, meaning retirees born in 1959 will see their Full Retirement Age (FRA) pushed back. So who’s affected by these changes, and what should future beneficiaries watch out for? The traditional … Read more
The famed ‘Shark Tank’ investor highlights key steps toward a more secure retirement. Millions of workers across the United States strive to cover monthly bills, often questioning how much they should set aside for future needs. Kevin O’Leary, known for his candid advice and role as a prominent investor on ABC’s “Shark Tank,” urges Americans … Read more
The Social Security Administration has adjusted its schedule for May 2025, leaving many beneficiaries wondering when their payments will arrive. This change is especially significant for those who depend on these monthly amounts for essential expenses. In May 2025, some individuals could receive their money later than usual, raising questions about what to expect and … Read more
Working Americans approaching retirement might be in for an unpleasant surprise. According to the latest updates from the Social Security Administration (SSA), surpassing specific income limits in 2025 could shrink your monthly check. That means beneficiaries who decide to keep working, or receive extra funds from certain sources, risk losing part of their benefits if … Read more
Major reversal threatens retirement Income for many older Americans. Retirees who have defaulted on their student loans could soon see their federal benefits dip as low as $750 a month. This stark change, triggered by the Trump administration’s revival of an older garnishment rule, comes after a Biden-era provision had planned to shield a significantly … Read more
A recent push by former President Donald Trump to remove federal taxes on Social Security, tips, and overtime has sparked debate among lawmakers and retirees. If approved, these changes could lead to earlier benefit reductions for millions who rely on the program. In January, Rep. Angie Craig (D-Minn.) introduced the You Earned It, You Keep … Read more
More Americans than ever are asking themselves a crucial question: at what age can I receive my full Social Security benefits? That question matters because timing can impact your monthly payments and overall lifetime income, so it’s essential to understand the rules. Full Retirement Age (FRA) is the milestone at which individuals qualify to receive … Read more
Big adjustments are on the way for millions of Social Security recipients. The latest measures aim to strengthen identity verification, update direct deposit processing, and reintroduce a tougher policy on overpayment recovery. Beginning in May 2025, everyone applying for Social Security benefits who cannot use the online platform must appear in person at a Social … Read more
Millions of Americans are seeing notable changes to their Social Security benefits this year, and these updates could make a difference in your monthly deposits. Are you ready to find out if your check just got bigger? In January 2025, three significant modifications took effect: the cost-of-living adjustment (COLA), the repeal of two reduction rules … Read more
Millions of retirees and disability beneficiaries across the United States may be surprised to learn they won’t receive Social Security payments next week. The Social Security Administration (SSA) has adjusted its May 2025 payment calendar, leading to one of the latest schedules seen so far this year. Social Security recipients who began collecting benefits before … Read more
If you turned 62 this year and you’ve been tracking Social Security news, this might be your chance to secure a monthly payment of up to $2,831. According to the latest schedule from the Social Security Administration, there are three paydays in May, on the 14th, 21st, and 28th, that could bring you these retirement … Read more