The Social Security Administration (SSA) is embarking on an “agency-wide organizational restructuring that will include significant workforce reductions,” according to an email sent to employees on Thursday evening and obtained by the Prospect. The email suggests that entire components of SSA, whose staffing is already at a 50-year low, would be abolished, with subsequent reduction-in-force orders. […]
Some Social Security recipients may notice unusual arrival dates for upcoming benefit payments but be assured that it’s not a mistake. The changes are due to the way dates fall on the benefit program’s calendar. Social Security payments for most recipients come out on Wednesdays throughout the month. For instance, if your birthdate falls between […]
More than 3.2 million Social Security recipients who received pensions from their time as teachers, firefighters, police officers and other public service jobs will soon see a boost in their benefits. Most people will receive their one-time retroactive payment by the end of March, and new monthly payments will begin in April, the agency says. […]
Social Security beneficiaries receive an annual cost-of-living adjustment (COLA) to keep the purchasing power of benefits aligned with rising prices across the economy. The official 2026 COLA will not be determined until October 2025 because it depends on inflation data from the third quarter, which is collected between July and September. However, The Senior Citizens […]
Few of us, myself included, anticipated the widespread chaos and potential collapse of government services and financial protections as shadow President Musk and DOGE hackers rampage through agency after agency waging their broligarchy coup of self-enrichment. A clearer picture is emerging as the dominos of undermining government funding and services begin to fall all across the country. Inflation […]
Although not getting an increased benefit from the United States Social Security in March 2025 may be bad news, it may actually be the opposite. Each year, retirement benefits increase according to inflation. It is the COLA that makes the checks reach higher levels. However, this increase only happens once a year, as pensions do […]
You pay Social Security taxes throughout your career, so it can feel a little unfair if you have to pay taxes on your benefits in retirement. But that’s the reality an increasing number of retirees face. It’s a major pain point, particularly for those who don’t have a lot of personal savings to supplement their […]
Millions of older Americans today count on Social Security to provide a large chunk of their monthly retirement income. And if Social Security were to cut benefits, many seniors would no doubt find themselves grappling with a major financial crisis. Unfortunately, benefit cuts are now a distinct possibility, given Social Security’s impending financial shortfall. And […]
Some Social Security beneficiaries should have already received their check for the month of February, with three more rounds of payments to follow. When you receive your payment depends on certain factors like how long you’ve been receiving benefits and the day of the month you were born. If you’re unsure when you can expect […]
When it comes to laundry, no one does it better than Patric Richardson! The Laundry Guy and author of “Laundry Love” and “House Love” joined us to share his money-saving laundry tips. For more great tips from Patric, check out his website and YouTube channel. I know laundry can get expensive. Between detergent, dry cleaning, and constant washing, […]
When you file your taxes this year, your software of choice may prompt you to see if you’re eligible for the Saver’s Credit, which gives taxpayers under a certain income threshold a break for contributing to a retirement plan such as a 401(k) or individual retirement account. Beginning in 2027, the credit will be replaced by […]
Say you have take-home pay of $3,000 a month to pay for housing, food, insurance, health care, debt repayment and, ideally, fun. Covering all that without running out of money can be hard to do and overwhelming to think about, particularly as costs rise. But budgeting may help. A budget is a plan for every […]
