Social Security is one of the most important income sources for many retired Americans, which makes the decision about when to claim benefits especially important. Workers can begin claiming retirement benefits at age 62, but doing so usually means accepting a permanently reduced monthly payment. Waiting longer can increase the benefit, especially for those who … Read more
Millions of Social Security beneficiaries in the United States are set to receive their next monthly payment on Wednesday, June 24, as the Social Security Administration completes its regular June 2026 payment schedule. This payment applies to beneficiaries whose birthdays fall between the 21st and 31st of any month. The date is part of the … Read more
Every year, hundreds of thousands of residents receive an unusual payment that is not tied to income, employment, or financial hardship. In 2025, the payment was set at $1,000 per person, and children received the same amount as adults. The program is not a federal stimulus check or a temporary relief plan. It is part of … Read more
More than 2 million retirees in Illinois could face a major reduction in monthly Social Security payments if Congress does not act before the program reaches a funding cliff. New projections from the Committee for a Responsible Federal Budget warn that Social Security’s trust funds could run short as soon as 2032. Federal data has … Read more
A new Social Security proposal would limit annual benefits for some high-income retired couples as lawmakers and policy experts look for ways to strengthen the program’s finances. Under the plan, couples receiving more than $100,000 a year in combined Social Security benefits would see their payments capped. Supporters say the change could save billions of dollars while … Read more
A major Social Security funding deadline is approaching, raising fresh concerns for retirees, workers and families who expect the program to support them in the future. Social Security is not expected to disappear or stop receiving money. Workers and employers will continue contributing through payroll taxes. However, the program’s retirement trust fund is projected to … Read more
Millions of Americans receiving federal benefits should review the July 2026 payment calendar carefully, as some Supplemental Security Income recipients will receive two deposits during July but no separate payment in August. The unusual arrangement does not provide extra money. Instead, the second July deposit represents the regular August SSI benefit arriving early because August … Read more
Millions of retirees depend on Social Security to cover essential expenses. That is why October 14, 2026, could become one of the most important financial dates of the year for beneficiaries waiting to learn how much their monthly payments may increase in 2027. The Bureau of Labor Statistics is scheduled to release September’s inflation report … Read more
Millions of Americans receiving Social Security and other federal benefits could qualify for as much as $1,200 in additional assistance under a proposal introduced in Congress. The Social Security Emergency Inflation Relief Act would provide an extra $200 per month for six months to eligible beneficiaries. However, the legislation has not been approved, meaning no … Read more
Working during retirement can provide extra income, professional fulfilment and greater financial security. However, people who claim Social Security before reaching full retirement age must understand how employment income could temporarily reduce their monthly checks. The Social Security retirement earnings test applies when certain beneficiaries continue working and earn more than an annual limit. Planning … Read more