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David

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Significant SSI Increase: Federal Monthly Payments Rise to $967 for Individuals Starting January 2025

DavidOctober 30, 2025
Starting January 2025, individuals relying on Supplemental Security Income (SSI) will see a significant boost in their monthly payments, with the federal amount rising to $967. This increase reflects the ongoing adjustments for inflation and cost-of-living changes mandated by federal law. The adjustment marks a notable step in efforts to keep pace with rising living...

Government Shutdown Begins: Detailed Agency-by-Agency Breakdown of Which Services Continue and Which Halt, Including Social Security, IRS, Defense, and TSA

DavidOctober 30, 2025
The United States government has officially entered a shutdown following the failure of Congress to pass a comprehensive funding package before the midnight deadline. This lapse in federal appropriations affects numerous agencies and services, with some operations continuing under existing authority while others halt entirely. As the shutdown begins, federal employees face furloughs, and essential...

Social Security Announces Updated Retirement Guidelines, No Longer Considers 67 as Full Retirement Age in the United States

DavidOctober 30, 2025
In a significant shift that could affect millions of Americans planning their retirement, the Social Security Administration (SSA) has announced that it will no longer designate 67 as the universal full retirement age (FRA). This update reflects a move toward a more individualized approach, considering factors such as birth year and legislative adjustments. The change...

2025 Social Security Fairness Act: Eligibility, Payment Dates, and Benefit Check Details

DavidOctober 30, 2025
The 2025 Social Security Fairness Act has garnered significant attention from policymakers and beneficiaries alike, as discussions about reform and adjustments to the nation’s primary retirement safety net continue to evolve. This legislation aims to address longstanding disparities in benefit calculations and expand eligibility criteria, potentially impacting millions of Americans planning their financial futures. As...

Americans Now Estimate a $1.7 Million Retirement Fund as the New Benchmark for Comfort

DavidOctober 30, 2025
Recent surveys reveal that Americans now consider a $1.7 million retirement fund as the new standard for achieving financial comfort in later years. This figure marks a significant shift from previous estimates, reflecting changing economic realities, inflation concerns, and evolving retirement expectations. While traditional retirement planning often centered around savings of around $1 million, the...

2026 Social Security COLA Forecast: Expected Benefit Increases for Retirees Aged 62 to 80

DavidOctober 30, 2025
The 2026 Social Security Cost-of-Living Adjustment (COLA) is projected to bring meaningful benefit increases for retirees, with estimates suggesting an increase of around 3.5% to 4.0%. This adjustment, based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), aims to offset inflation’s impact on fixed incomes. The forecasted increase will affect...
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