Some people on Social Security will see their payments increase next month, according to the Social Security Administration. The Social Security Fairness Act, signed into law by then-President Joe Biden on Jan. 5, 2025, ended two provisions that prevented some Social Security benefits. With those provisions gone, some civil servants will see their benefits increase. […]
The Chicago Board of Education delayed a decision on whether to pay $175 million to the city for pension costs, funds that Mayor Brandon Johnson has counted on to balance his 2024 budget. The board withdrew a proposed amendment to its own budget for the year, which runs through June, to authorize an additional $139 […]
In investing, there’s no need to invest in individual stocks to achieve strong returns over time. Don’t get me wrong. I own about 40 different individual stocks and completely believe it’s possible to beat the market over time. But even if you simply match the market’s performance through the magic of index fund investing, you […]
As March 2025 draws to a close, the Social Security Administration (SSA) is preparing to issue its final round of payments for the month. Retirees, survivors, and disability beneficiaries who have not yet received their March Social Security payments should expect their funds this week. For some eligible recipients, the payment could be as high […]
The news of the elimination of the Social Security Fairness Act (SSFA) of concepts such as the Windfall Elimination Provision, known as WEP, and the Government Pension Offset, better known as GPO, was well received by a large number of people who saw their Social Security benefits reduced. The Social Security Administration announced that there […]
Retirement nest eggs and Social Security benefits are key sources of funds for many Americans as they live out their golden years in the state of their choosing. A recently-released study from GOBankingRates looked at the financial runway that retirees would have in each state with Social Security benefits and $1.5 million socked away for […]
The Social Security Administration will require people filing benefit applications who cannot prove their identities online to visit a field office to complete the claim in person in an effort to combat fraud, the agency announced Tuesday. This, along with another new rule barring beneficiaries from changing their bank account information over the telephone, could […]
Social Security is generally the largest source of income in retirement, but many seniors think benefits have fallen behind inflation. The Motley Fool last year surveyed 2,000 retired workers, and the majority said the cost-of-living adjustments (COLAs) in 2024 and 2025 failed to keep up with rising prices. Unfortunately, beneficiaries will likely receive an even […]
Older Americans often ponder the best age to claim Social Security. You can claim it as early as age 62. But the longer you wait, the larger your monthly check, a bonus that maxes out at age 70. At 62, the average American can expect to live past 80. And based on simple longevity, you’ll […]
Beneficiaries of the US Social Security system are in luck. It has already been confirmed that the Administration will issue a payment of up to $2,000 to certain individuals, scheduled for March 19th, including retirees and individuals who are part of the Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI). In this sense, […]
The erratic strategies adopted by US President Donald Trump are astonishing and irritating Washington’s allies, causing fear among American consumers, denting investor confidence, fomenting uncertainty and hurting the established world financial architecture. The US administration under Trump has ratcheted up tariffs and brought about turmoil in stock markets, leading to corporate bankruptcies. US consumers may […]
Some of the 50 million-plus retirees relying on Social Security benefits are about to see their next check hit their bank accounts on Wednesday, March 19. The Social Security Administration (SSA) will also be sending out payments to those receiving disability benefits and survivor benefits—so plenty of folks are watching their mailboxes and bank balances closely. When […]
