Finance

In November 2024, individuals who are 62 years old and have opted for early retirement can expect a Social Security benefit of $2,710 per month. This amount reflects the reduced payment for claiming benefits before reaching full retirement age, which is typically 67 for those born in 1960 or later. Payments are scheduled based on […]

The $3000 OAS Pension Increase In 2025 was decided to be announced as a response to the increase in cost of living expenses. As the Consumer Price Index (CPI) changed for 2025, the amounts were set to be revised by the Government to ensure the citizens do not face any financial challenges.  Due to the

Every year, Social Security and Supplemental Security Income (SSI) recipients get an increase known as the Cost-of-Living Adjustment (COLA), which helps them keep up with inflation. As the Cost of Living Adjustment of 2.5% is announced, there will be several effects of COLA On SSI Payments in 2025.  A COLA raises an individual’s Social Security

$500 – $1200 Monthly Direct Deposit Checks for November 2024 were announced by the Government to be provided to all eligible individuals by the Social Security Administration. The SSA is a benefit providing agency administered by the Government responsible to provide funds to all individuals who need it the most. The individuals facing economic challenges

Services Australia provides benefits to younger students and seniors. One such payment is the Austudy benefit which is given to those who are 25 years or more and are studying in Australia or are the Apprentices. The $699.50 Fortnightly Support Payment Schedule 2024 is for students who have no children. This payment is given on

The George Washington Bicentennial Quarter is a rare piece of currency. There are plenty of George Washington quarters, but the special edition George Washington Bicentennial Quarter is rare enough that its value far surpasses its stamp. First minted in 1975 to celebrate the 200th anniversary of American independence, it is no longer in circulation, and

Republican presidential nominee and former U.S. President Donald Trump arrives to speak at his rally during the 2024 U.S. Presidential Election, in Palm Beach County Convention Center, in West Palm Beach, Florida, U.S., November 6, 2024. Brendan Mcdermid | Reuters On the campaign trail, Republican presidential candidate Donald Trump made a notable promise to retirees:

About four in 10 beneficiaries will pay federal income taxes on Social Security benefits. In the short term, many recipients would save money if taxes on Social Security benefits were reduced, but experts warned that this would reduce the amount of money that goes into the trust funds that fund the program. Social Security is

As the year moves on, more bank branches are being shut down across the nation. Many banks have announced such closure, in fact, some of the bigger names like Bank of America, Wells Fargo and Chase are some of the most prolific closers, but now it is the turn of TD Bank to announce its

Originally, Social Security was designed to provide about the same total payout in lifetime benefits, regardless of when a person began collecting. This concept was intended to ensure fairness, no matter whether someone claimed early or waited until a later age.  Current life expectancy data from the CDC shows that retirees today can maximize their