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Tag: Social Security

Musk says Trump's victory would create “difficulty” for some Americans

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Musk says Trump's victory would create “difficulty” for some Americans

Elon Musk, the world's richest man, said if Donald Trump wins and gives him a role in government, Americans will suffer “hardship” from efforts to tackle the national debt. He made the comments in a virtual town hall on his website X on Friday. When asked about “fighting the national debt,” he mentioned changing the […]

Here's the biggest problem with Social Security's 2025 COLA

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Here's the biggest problem with Social Security's 2025 COLA

There is perhaps no more important announcement related to Social Security than the Annual Cost of Living Adjustment (COLA). Many seniors rely on Social Security for a large portion of their retirement income. Because of this, they rely heavily on COLAs to cover their living expenses from one year to the next. On October 10, […]

Social Security is announcing two big changes for 2025

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Social Security is announcing two big changes for 2025

Social Security announced changes that will affect the amount of money current and future retirees have next year. Christy Bieber | The colorful fool Recently, the Social Security Administration announced two important changes that will affect both current and future retirees. Both changes relate to how much money you'll have in your pocket next year. […]

It is becoming increasingly difficult to qualify for Social Security benefits in retirement. Here's why

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It is becoming increasingly difficult to qualify for Social Security benefits in retirement. Here's why

One of the biggest myths about Social Security is that everyone is entitled to a monthly benefit once they reach a certain age. But that's not how the program works. In general, the way to receive Social Security benefits in retirement is to earn them by working and paying into the program. There may be […]

3 Social Security COLA Dates You Should Know for 2025

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3 Social Security COLA Dates You Should Know for 2025

JJ Gouin / Getty Images/iStockphoto The Social Security Administration (SSA) recently announced that beneficiaries will receive a 2.5% cost of living adjustment (COLA) in 2025. The new adjustment will increase the average pension check by $48 per month, according to the Senior Citizens League. Read more: Two changes to social security are coming in 2025 […]

Illinois Lottery Mega Millions, Pick 3 Midday Results for October 22, 2024

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Illinois Lottery Mega Millions, Pick 3 Midday Results for October 22, 2024

The Illinois Lottery offers several drawing games for those looking to win big. Here's a look at the results for each game as of October 22, 2024: Mega Millions winning numbers from the October 22nd drawing 08-43-48-58-60, Megaball: 04, Megaplier: 3 Check Mega Millions payouts and previous draws here. Winning Pick 3 numbers from the […]

A Social Security payment of up to $4,873 will be sent this week

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A Social Security payment of up to ,873 will be sent this week

Some Social Security recipients will receive their October payment this week. Benefits administered by the Social Security Administration (SSA) are paid monthly. With tens of millions receiving checks each month, payments are spread out across the calendar. This week, those with birthdays between the 11th and 20th of a given month of the year will […]

SSI recipients receive an additional check in November and none in December

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SSI recipients receive an additional check in November and none in December

The Social Security Administration announces cost of living increases for 2025 The Social Security Administration just announced how much more recipients will receive in 2025 after cost-of-living adjustments. Scripps news Some Social Security recipients may receive a surprise in November: an extra check. Don't worry about this if you're receiving Social Security, the situation isn't […]

Americans will receive additional Social Security payments in November

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Americans will receive additional Social Security payments in November

Supplemental Security Income (SSI) recipients will receive two payments in November because the usual payment date for December benefits falls on a weekend. SSI benefits are paid to people age 65 with little or no income, or to people under 65 with a physical or mental disability. The payment is usually made on the first […]

Some Social Security recipients will receive an additional check in November. Here's what you should know.

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Some Social Security recipients will receive an additional check in November. Here's what you should know.

Social Security recipients typically receive one payment per month, but some older Americans could receive an additional check in November as the calendar falls in the last two months of the year. While the problem isn't new — the Social Security Administration sets its annual payment schedule well in advance — it could surprise some […]