Social Security Changes: The full retirement age (FRA) will once again be updated by the Social Security Administration. In fact, it is gradually increasing and will reach 67 for people born in 1960 or later. For example, if you were born in 1959, your full retirement age is 66 and 10 months. However, if you … Read more
During this week, millions of recipients from the SSI and RSDI programs are to receive their new Social Security checks. The benefits assist in footing all the expenses, whether on food, shelter, health care, transport, or entertainment. Indeed, one of the needs for seniors is considerable amounts to cater for regular monthly expenses, especially some … Read more
Introduction: November Social Security Payments Based on Birth Dates As a group, recipients of Social Security will receive November payments based on birth dates. There is a huge maximum benefit $4,873 for eligible retirees. The 20th of November is a crucial date for beneficiaries who were born between the 11th through the 20th day of … Read more
These projections have indicated that, by 2033, the Social Security Trust Fund will be depleted and further and current beneficiaries are in limbo. There are primarily two main pillars among which are the Old-Age and Survivors Insurance (OASI) Trust Fund, and the payroll taxes. However, the current payroll taxes can never cover all benefits provided. … Read more
The US Social Security Administration contributes to about 70 million people every month. These include the retired, disabled, and family members of employees who have long become part of heaven. Since the number of recipients is high, as well as the type of benefits received, the Social Security Administration staggered payments on different dates within … Read more
The Social Security Administration has confirmed that a triple SSI payment schedule for the end of the year will take place. For the SSI recipients, the end will manifest itself in two payments within the month of November while the third payment is in the form of an extra advance on 31st December. It aims … Read more