The Social Security Administration (SSA) has a festive surprise for retirees this holiday season. On December 24, 2023, eligible retirees will receive a special payment of $1,900, bringing joy on Christmas Eve. This aligns with SSA’s efficient programming, ensuring beneficiaries know when their payments arrive. Let’s dive into the payment schedule, upcoming adjustments, and what … Read more
Starting in January 2025, Social Security benefits will reflect the new Cost of Living Adjustment (COLA). This adjustment is added every year to help Social Security beneficiaries keep up with inflation and rising costs. The COLA increase for 2025 is estimated to be around 2.5%, meaning that beneficiaries will receive a little more each month … Read more
Social Security benefits are a crucial part of many retirees’ income, with millions depending on these payments after they stop working. The Social Security Administration (SSA) recently made an announcement about changes to the cost-of-living adjustment (COLA) for 2025. This adjustment is important because it helps Social Security benefits keep up with rising living costs … Read more