The first Social Security check was cashed in 1940, and the total was around $23. Last year, data showed that the average monthly cash for a Social Security benefit received by an eligible beneficiary amounts to $1,500. Nearly nine out…
A confused Social Security beneficiary recently got lectured about the difference between spousal and survivor benefits in a Q&A portion of a page owned by a finance expert. In a question posed by an 82-year-old anonymous Social Security beneficiary, he…
The trust funds that assist Social Security are seen to run out by 2033, a year earlier than what was initially reported in 2020 where forecast showed that the Social Security OASI Trust Fund will be exhausted by 2034. Now…
In the latest official inflation report out from Uncle Sam on Tuesday, there is some good news for people who receive social security benefits. But, there is also some not good news. The good news is that you’re on track…
An annual report from the Social Security Administration (SSA) released weeks ago showed that the trust funds from where the benefits are taken from will be depleted earlier than initially projected. This has caused doubts and panic to the recipients…
After many years of slight increases in the rate of Social Security benefits received by older Americans, this year’s growth will be the biggest. One of the driving forces for the considerable increase of Social Security benefits is the COVID-19…
When you are surviving on a limited income, it is indeed important to have social security. About 90% of American residents receive Social Security benefits, which are paid out every two weeks. Nevertheless, figuring out precisely how much money you…
For residents in the United States, a nine-digit Social Security number is their first and continuous connection with Social Security. It helps authorities identify and accurately record covered wages or self-employment earnings of people. They also use it to monitor residents’…
Your financial circumstances or other factors in your life could change after you apply or become eligible for increased Social Security benefits. In case you, or a family member, get Social Security or Supplemental Security Income (SSI), here are some…
Generally, a lot of people are scared of getting old. But for people in the United States, ages 66-67 are considered magical numbers as this is when people of this age become eligible to start receiving their Social Security Retirement…