The Social Security Administration (SSA) announced new antifraud measures on Tuesday that will require more Americans to verify their identity when filing for benefits or changing direct deposit details. This may mean more people will need to visit a Social Security field office in person. Lee Dudek, the Acting Commissioner of Social Security, described the … Read more
For some of the 52 million retired workers receiving Social Security benefits in the U.S., March 26 is an important date this month. This also applies to certain recipients of Social Security Disability Insurance (SSDI) and survivors’ benefits. That’s because the Social Security Administration (SSA) will send out its last round of benefit payments for … Read more
Starting February 25, 2025, the Social Security Administration (SSA) will begin issuing retroactive payments to fix the effects of the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) on beneficiaries’ payments. If you’re affected, you can expect a one-time retroactive payment to be deposited into your bank account by the end of March. This … Read more
In early 2025, an 82-year-old man named Ned Johnson from Seattle was mistakenly declared “dead” by the U.S. Social Security Administration, causing him to lose his benefits. Rating: True (About this rating?) In March 2025, shortly after U.S. President Donald Trump established the new Department of Government Efficiency (DOGE) and appointed Elon Musk as its … Read more
Retirement savings and Social Security benefits are essential financial sources for many Americans as they navigate their retirement years in their preferred state. A recent GOBankingRates study examined how long $1.5 million in retirement savings combined with Social Security benefits would last in each state. West Virginia ranked at the top, where retirees could stretch … Read more
If you receive Social Security benefits, you should be aware of two major policy changes recently announced by the Social Security Administration (SSA). According to Yahoo! Finance, these changes — announced this month — will affect how overpayments are handled and how direct deposit information is updated. A press release from the SSA states that … Read more
Elon Musk’s Department of Government Efficiency (DOGE) announced that it has started a large-scale cleanup of records at the Social Security Agency (SSA). “For the past two weeks, @SocialSecurity has begun a major cleanup of their records. Approximately 3.2 million number holders, all listed as age 120+, have now been marked as deceased. More work … Read more
If you’re in your late 50s or early 60s, you’ve probably started thinking about when to claim Social Security. Choosing the right time to apply can impact both your current lifestyle and your long-term financial security, so it’s important to weigh your options carefully. One major factor is whether you plan to claim benefits while … Read more
On Friday, March 7, at 5 p.m., Donald Trump’s Social Security Administration (SSA) announced a policy change that could financially devastate senior citizens. The agency plans to reinstate a strict rule that withholds Social Security payments from beneficiaries who receive overpayments until the full amount is recovered — even if the overpayment was due to … Read more
If you’ve been getting Social Security benefits for a few months, you probably noticed a 2.5% increase at the start of 2025 due to the cost-of-living adjustment (COLA). This added about $49 to the average monthly benefit, though you may have gotten more if your checks were higher than average. Most people receiving Social Security … Read more