Retirees who depend on Social Security or Supplemental Security Income (SSI) often wonder when they’ll receive their next payment. In November, some beneficiaries will be lucky enough to receive three payments instead of the usual one or two. While this may seem like a bonus, it’s essential to know why this happens and manage expectations. … Read more
The Social Security Administration (SSA) has confirmed the Cost of Living Adjustment (COLA) increase for 2025. This adjustment is designed to help retirees, Supplemental Security Income (SSI) recipients, and Social Security Disability Insurance (SSDI) beneficiaries keep up with inflation. However, not everyone will receive this increase at the same time. While SSI recipients will receive … Read more
Retirees and Social Security beneficiaries are eagerly awaiting the cost-of-living adjustment (COLA) announcement on October 10th, which will determine payment increases for 2025. While the COLA adjustment is often seen as a financial lifeline, the Federal Reserve (Fed) recently delivered less positive news. The Fed warns that retirees should begin preparing for possible reductions in … Read more