Millions of Americans who rely on Supplemental Security Income (SSI) are in for some good news. According to the Social Security Administration (SSA), beneficiaries who qualify for the SSI program will see an official increase in their payments in the coming months. This financial assistance program is designed to support low-income seniors over 65, disabled … Read more
A recent Social Security announcement reveals upcoming changes that will affect thousands of retirees in the U.S., particularly in Ohio, Kentucky, and Indiana. This adjustment could impact over 300,000 individuals, many of whom are public employees like teachers, firefighters, and police officers. These workers have been subject to rules like the Windfall Elimination Provision (WEP) … Read more
Social Security beneficiaries are anticipating several important changes in 2025, especially with the projected cost-of-living adjustment (COLA). Though a 2.5% increase is expected, lower than the 3.2% rise in 2024, there are three key dates to remember as these adjustments are rolled out. October 10, 2024: Official COLA Announcement On this date, the Social Security … Read more
The New York School Tax Relief (STAR) Program continues to provide significant financial assistance to eligible residents, offering over $1,000 in direct payments. With a $2.3 billion fund allocated for 2024, this initiative aims to support around three million New Yorkers, providing much-needed relief amid rising living costs. Governor Kathy Hochul, along with state representatives, … Read more
In just two weeks, Social Security recipients will learn the official 2025 cost-of-living adjustment (COLA), which will impact millions of retirees. The COLA aims to help beneficiaries keep pace with rising living costs, but concerns linger about whether the adjustment will be sufficient to counter inflationary pressures. Social Security remains a crucial source of income … Read more
With rising inflation and living expenses, retirees and Social Security recipients rely on periodic adjustments to their benefits to help keep up with the cost of living. One such adjustment is the Cost of Living Adjustme nt (COLA), a yearly increase in Social Security payments that aims to cushion the impact of inflation. In 2025, … Read more
As people age, their needs change, and it becomes important for them to have access to services that help them live comfortably and independently. In Kansas, there are many free or subsidized services available for senior citizens that cover healthcare, housing, transportation, and more. This guide will walk you through the services that Kansas offers … Read more
If you’re a New Yorker seeking financial assistance, the STAR Program could be the solution you need. With over $1,000 cash grants being distributed, this initiative aims to help residents offset rising living expenses. The program, part of New York’s School Tax Relief (STAR) project, is backed by Governor Kathy Hochul and state representatives. As … Read more
Seniors across the country are about to receive some good news – their Social Security benefits are set to increase starting in January. The Social Security Administration (SSA) has announced a 3.2% cost-of-living adjustment (COLA), which will add an average of $50 per month to retirement benefits. Although this increase is lower than last year’s … Read more
Social Security payments are a vital part of many retirees’ financial plans. Whether you’ve been receiving your Social Security check for some time or are still preparing for retirement, understanding how your payment compares to others can help you make informed decisions. This article delves into the average Social Security payments at different ages, factors … Read more