Social Security Payments: Millions May Not Receive Boost For Over A Year
Callers to the SSA hear a message about the Social Security Fairness Act, intended to reduce long and frustrating wait times for those seeking information on the new law. However, more than 7,000 people per day still choose to wait for a live representative, leading to a backlog that is expected to grow in the coming weeks and months.
First round of February Social Security payments goes out in 13 days
The first round of February’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to the first group of retirees in 13 days. Here is all you need to know about next month’s Social Security payments, which go out in three rounds.
Over 3 million Social Security Fairness Act beneficiaries may wait more than a year for higher payments, agency says
The Social Security Fairness Act will provide benefit increases to more than 3 million individuals. But it's uncertain when they will see that money.
Florida Sees Drop in Supplemental Social Security Payments for Kids
The amount Florida's spending on supplemental security payments for children dropped despite an increase in the number of recipients.
Social Security February direct payment worth $967 goes out in two days
February’s Supplemental Security Income payment, worth up to $967, will go out to millions of beneficiaries in two days. The next SSI payments are scheduled to be distributed on Friday, Jan. 31. SSI payments are given to people living with debilitating disabilities that affect their income,
Should you claim Social Security at the same time as your spouse? Here's how to know.
Another perk of being married in retirement is that both you and your spouse may each be eligible for a monthly Social Security benefit. That gives you access to even more income, and more financial flexibility.
Over 3 million on Social Security may wait more than a year for higher payments
More than 3.2 million people will see increased Social Security benefits, under a new law. However, individuals who are affected may have to wait more than a year before they see the extra money that’s due to them from the Social Security Fairness Act,
Here’s a proposal to fix Social Security that we could enact today
Read: Waiting until age 70 to claim Social Security gets you a lot more money. Here’s why so few people do it. The proposal reflects Primus’s extensive knowledge of both polic
Public workers waited 40 years for law to boost Social Security. Now, they wait for payout
Retired Middlebury, Connecticut, school teacher Bill Callahan waited 40 years for Congress to pass a bill to eliminate the reduction in Social Security benefits he receives because he also has a pension.
Social Security Matters
About When to Claim Social Security and Taxation of Benefits . Dear Rusty: I am 65 and currently working full-time. Can I apply for and start receiving my Social Sec
Social Security Fairness Act’s boosted payments may be a year away
Social Security beneficiaries who stood to see a boost in payouts as the result of a law approved earlier this month may have to wait a little longer than expected for higher payments.
Dave Ramsey bluntly warns Americans on Social Security, poverty
In 2024, approximately 171 million American workers paid Social Security taxes, and nearly 72.9 million Americans received ...
Social Security early COLA predictions are in: Will it help or hurt beneficiaries?
Data from TSCL’s 2024 Senior Survey shows 62% of older Americans worry their retirement income won’t even cover essentials ...
Are You Taking Social Security and Worried About the Federal Funding Freeze? Here's What You Need to Know.
An important footnote in the memo calling for a federal funding freeze exempted Social Security. The White House subsequently ...
New Social Security Law Faces Long Delay Before Sending Out Adjusted Benefits
It ends the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which reduced or eliminated the Social ...
Social Security Fairness Act Signed by Biden: What It Means for Your Retirement
Learn how the Social Security Fairness Act may increase your retirement benefits by eliminating the Windfall Elimination ...
6 Big Shakeups Coming to Social Security in 2025
Nearly 72.88 million Americans rely on Social Security for monthly income. The vast majority, about 65.5 million, collect ...
Trump freezes federal aid: What it means for Social Security, Medicare, universities and more
President Donald Trump has frozen $3 trillion in federal funds until his administration completes a full spending review.