Category Personal Finance

Seniors Face Modest Social Security Increase in 2025 Amid Rising Costs As the new year approaches, millions of Social Security recipients are preparing for the impact of a modest cost-of-living adjustment (COLA). For 2025, the Social Security Administration (SSA) has…

Social Security Announces 2.5% COLA Increase for 2025 Amid Calls for Reform The Social Security Administration (SSA) has announced a 2.5% Cost of Living Adjustment (COLA) for 2025, set to take effect in January. This adjustment will impact millions of…

Key Social Security Changes Coming in 2025: What Retirees Need to Know As 2024 comes to a close, it’s time to assess the financial landscape for the year ahead. For retirees, Social Security remains a critical component of financial planning,…

Proposed Elimination of Social Security Taxes Faces Significant Hurdles As President-elect Donald Trump’s proposal to eliminate federal income taxes on Social Security benefits garners attention, retirees might be tempted to adjust their tax withholdings in anticipation of potential changes. However,…

Trump’s Social Security Tax Plan: Promise or Pitfall? The Social Security program faces potential changes following the 2025 presidential election. Among President-elect Donald Trump’s campaign promises is a proposal to eliminate federal income taxes on Social Security retirement benefits. While…

Millions at Risk as Affordable Care Act Subsidies Face Expiration in 2025 Nearly 20 million Americans currently benefit from subsidized health insurance through the Affordable Care Act (ACA) marketplace. However, these subsidies, expanded under recent federal legislation, are set to…

Social Security Changes Could Impact Millions: Key Updates for 2025 Millions of Americans rely on Social Security benefits, including retired workers, survivors, disabled individuals, and those receiving Supplemental Security Income (SSI). However, the Social Security Administration (SSA) has announced several…

Millions of people who receive Supplemental Security Income (SSI) benefits will see their next payment of up to $943 arrive in just 13 days. SSI payments are scheduled to be distributed on Friday, Nov. 29, 2024, as Dec. 1 falls…

5 Risks That Could Put Your Social Security Benefits in Jeopardy Millions of Americans depend on Social Security benefits to help them navigate retirement, and with good reason: It’s money that workers have earned over their lifetimes. However, it’s crucial…