In the wake of financial struggles exacerbated by the COVID-19 pandemic, stimulus programs have become a lifeline for many Americans. While federal initiatives have subsided, several states continue to implement or introduce new measures to support residents. Among these efforts is a new pilot program in California aimed at helping families in Sacramento rise above … Read more
In a move aimed at improving service efficiency and reducing wait times, the Social Security Administration (SSA) will shift to an appointment-only system starting January 6, 2024. This change, already piloted in over 400 offices, is set to be implemented nationwide in the coming year, promising a better experience for millions of retirees and beneficiaries. … Read more
The Social Security cost-of-living adjustment (COLA) for 2025 is set to increase payments by 2.5%, raising the maximum deferred retirement check to $5,180 per month. This adjustment provides a significant financial boost for retirees, but achieving this maximum benefit requires careful planning and specific strategies. Key Steps to Maximize Social Security Benefits While not everyone … Read more
People who get Social Security now must know about the changes that will happen in 2025. After all, the program changes every year, but only in small ways. People who are used to these changes aren’t surprised by them as often. For those who are new to the Social Security Administration this year, things may … Read more
The Internal Revenue Service (IRS) has issued a warning to high-income taxpayers regarding a significant rise in charitable contribution scams. These schemes are targeting wealthy filers and could lead to serious financial and legal consequences if precautions are not taken. Fraudulent Tax Schemes on the Rise The IRS has identified a growing trend in fraudulent … Read more
People who get Social Security now must know about the changes that will happen in 2025. After all, the program changes every year, but only in small ways. People who are used to these changes aren’t surprised by them as often. For those who are new to the Social Security Administration this year, things may … Read more
As the New Year approaches, Social Security beneficiaries must understand when their payments will be made. The Social Security Administration (SSA) administers five key programs: retirement, family, survivor, disability, and supplemental security income (SSI). These payments are vital to recipients, so the SSA publishes an annual calendar to help beneficiaries plan. Triple Social Security Payments … Read more
Alaska’s Permanent Fund Dividend (PFD) is a financial program that shares profits from the state’s oil and gas resources with its residents. Established in 1976, the PFD has been an important source of annual income for many Alaskans. It aims to support local spending and investment by offering financial help to families and individuals. For … Read more
The Internal Revenue Service (IRS) is once again reminding taxpayers to stay vigilant against scams, especially during the busy Christmas season. This warning comes as the 9th annual National Tax Security Awareness Week begins. The IRS has emphasized that scams remain a major threat as fraudsters attempt to steal taxpayers’ personal and financial information. Many … Read more
Social Security payments often follow a regular schedule, but important changes are set for 2025 due to Federal Holidays. The Social Security Administration (SSA) does not schedule payments on Federal Holidays, and they ensure payments are sent on time by rescheduling them to the previous business day. This change is important for SSI (Supplemental Security … Read more