Recently, Social Security announced a new monthly payment of $3,089 for couples over 65 who are both getting benefits. The annual cost-of-living adjustment (COLA) for 2025 from the Social Security Administration led to this big payment. The goal of the COLA is to help seniors keep up with inflation and rising costs of living. Many … Read more
American taxpayers could give a loan of more than $7.5 billion to a partnership that includes Chrysler and wants to make batteries for electric cars in Indiana. The Loan Program Office of the U.S. Department of Energy announced on Monday that StarPlus Energy has gotten a “conditional commitment” for the multi-billion dollar loan. The money … Read more
Planning for retirement is a long-term endeavor, and tax-advantaged accounts like IRAs and 401(k)s often take center stage due to their potential for higher savings and compound interest benefits. However, one crucial factor retirees must consider is Required Minimum Distributions (RMDs). Understanding these mandatory withdrawals can help you avoid penalties and make the most of … Read more
Starting January 2025, millions of Social Security beneficiaries across the United States will experience a 2.5% increase in their monthly payments. This adjustment, known as the Cost-of-Living Adjustment (COLA), is a critical measure designed to address the challenges posed by inflation, ensuring that retirees and other beneficiaries can maintain their purchasing power amidst rising costs. … Read more
In 2025, a lot of things will be different. But for Social Security, some of the most important changes have already been happening for four months. Right now, the Social Security Administration (SSA) is updating its online resources so that people who get benefits and people who will get benefits in the future have more … Read more
Most of the time, Social Security Disability Insurance funds are sent out four times a month. This December will be no different, and people who get SSDI will start getting money on December 3 if they qualify. On December 3, you had to have been getting disability payments since before May 1997 to get SSDI. … Read more
There is just over a month left until Christmas and the New Year. Many seniors and people who get government aid are already thinking about the future and how the 2025 cost of living raise (COLA) they will get in January will affect their money and Social Security checks. The change happens every year, but … Read more
The Supplemental Nutrition Assistance Program (SNAP) continues to play a critical role in combating food insecurity across the United States. For Fiscal Year (FY) 2023, the USDA reported an average monthly benefit of $211.93 per recipient, with total program spending reaching $112.8 billion. This substantial allocation underscores the program’s impact on millions of Americans. As … Read more
November 28: The Department of Justice said Wednesday that nine people are being charged with running a multi-state group that laundered $20 million in money from internet fraud. The nine people from Tennessee, Texas, and Missouri are accused of running a money-laundering ring since November 2016, the DOJ said in a news statement. They were … Read more
The Social Security 2025 cost of living adjustment (COLA) is almost here, and beneficiaries are not happy about it. After the trials and tribulations of 2024, when inflation quickly surpassed the 3.2% COLA in the first quarter of the year, beneficiaries of public programs hoped for a higher increase and lower inflation to compensate for … Read more