February’s Supplemental Security Income payment, worth up to $967, will go out to millions of beneficiaries in nine days. The next SSI payments are scheduled to be distributed on Jan. 31. SSI payments are given to people living with debilitating disabilities that affect their income, according to the Social Security Administration.
In a groundbreaking move, the Social Security Administration (SSA) has announced a significant increase of $360 per month in benefits for millions of retirees and beneficiaries.
Every year, the Social Security Administration, or SSA, examines inflation data and adjusts Social Security benefits accordingly. In short, the annual cost-of-living adjustment, or COLA, is designed to help retirees keep up with the rising cost of goods and services.
Those born in 1963 will finally become eligible to claim Social Security benefits in 2025 after 62 years of waiting. They won't all choose to sign up then, but many will so they can receive as many checks as possible.
Retirees who stop working at the Full Retirement Age, currently set at 67, can receive a maximum benefit of $4,018 per month. If benefits are claimed at the earliest possible age of 62, that maximum payment drops to $2,831.
Checks are issued throughout the month, based on the recipient's birth date or the duration of time they have been receiving benefits.
One of the most important retirement planning decisions you'll make in your golden years is when to apply for Social Security. The most popular age to claim retirement benefits, by far, is 62, the first year you become eligible.
Former Louisiana Congressman Garret Graves' Social Security Fairness Act repeals WEP and GPO penalties for millions of government retirees.
Migrants paid more than $25 billion toward Social Security in 2022 although they can’t collect retirement benefits.
Undocumented workers often pay taxes that help fund programs like Social Security — even if they can’t collect from them in the future.
Methuen’s Nevins Memorial Library is offering a presentation from a representative of the U.S. Social Security Administration on how people may legally change their name. The session outlines the necessary documentation,
In most cases, you can collect certain types of Social Security benefits if you retire or live abroad, but there are some exceptions. Here's what you need to know.