The U.S. Social Security Administration has become acutely aware of the pressing challenges and dangerous possibilities brought forth by the rapid advancement of artificial intelligence technologies. One significant concern that has come…
Category: Social Security
Retiring Soon, 3 Questions You Can’t Ignore
Transitioning into retirement is an exciting phase of life, and for many workers, the countdown to leaving their jobs for good has already begun. However, rushing into retirement without careful planning can…
Social Security COLAs Trigger Unexpected SNAP Benefit Cuts; Here’s What Congress Is Doing
Receiving a cost-of-living adjustment (COLA) on your Social Security benefit each year can be advantageous, as it boosts your monthly payment and acts as a defense against inflation. One disadvantage of receiving…
Here Are 8 Surprising Things Social Security Can Do For You
Social Security, an institution known to many for its role in delivering monthly payments, holds a treasure trove of surprising and valuable services that extend far beyond the scope of a mere…
Incredible News for Retirees: Social Security COLA Set to Explode in 2024!
2023 Social Security beneficiaries experienced an 8.7% COLA (Cost of Living Adjustment), marking the most significant adjustment since 1981. The United States Social Security Administration (SSA) bases COLAs on the Consumer Price…
Why Seniors Should Brace Themselves for a Smaller COLA
Seniors should start preparing now to avoid being caught off-guard by the upcoming changes. In 2022, inflation presented considerable difficulties for workers and retirees, but it has been decreasing this year. While…
How This Proposed Act Could Save Social Security for 75 Years
Social Security stability has emerged as a significant concern leading up to the 2024 election. In March, the annual report from the Social Security and Medicare trustees cautioned that the program’s trust…
Double the Money: Collecting Unemployment and Social Security Together
As technology continues to advance, many experienced workers may face difficulties finding employment due to recent layoffs and downsizing. However, if you have recently lost your job and are nearing retirement age,…
Tax Cap Proposal: Savior or Saboteur? Discover Its Impact on Your Wallet
Many Americans depend on Social Security as a source of financial stability in retirement or when facing disability. However, the program faces significant funding challenges as the population ages and the number…
Warning: Massive Social Security Cuts Looming; Discover Biden’s Controversial Strategy
With the Social Security Old Age and Survivors Insurance Trust (OASI) facing depletion by 2033, President Joe Biden has put forth a comprehensive four-point plan aimed at strengthening the trust’s funds and…
