Blog posts

Social Security Announces 2.5 Percent Benefit Increase for 2025

Submitted by rtg on

If you’re receiving Social Security benefits the amount of benefits that you receive will go up starting on January 1st, 2025. The Social Security Administration has announced there will be a cost-of-living adjustment to benefits starting in 2025. The additional money that you receive from the Social Security benefit increase in 2025 is meant to help pay for housing, food, utilities, and other essentials that have gotten more expensive over the last year. 

September Is National Suicide Prevention Month

Submitted by rtg on

Suicide is sometimes the sad and preventable end result of deteriorating mental health, but suicide can be avoided with self-help and help from others. There are many resources that can be used to help prevent suicidal thoughts and suicide. National Suicide Prevention Month occurs every year in the month of September and is used to focus on spreading hope and useful information to those contemplating suicide and anyone who is in a position to help them. 

How Long Does It Takes To Be Approved for Disability in 2024?

Submitted by Shane on

There is generally a five-month waiting period before you get begin to recieve your disability payments. However, how long it takes to collect your medical records and any other evidence needed to make a determination will determine the exact timing. Your application will be forwarded to a state organization that conducts disability determinations.

Understanding SSI, SSDI, and How the SSA Calculates Your Disability Benefits Payments in 2024

Submitted by Elizabeth on

There are two main federal disability benefits programs that offer financial assistance to people who have been diagnosed with a medical condition that will prevent them from working for at least 12 months. These are Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI), and they are both administered by the United States Social Security Administration (SSA). 

Best Ways for You to Live a Richer Life Being Single in Retirement

Submitted by Elizabeth on

Retiring alone doesn’t need to be an unfulfilling experience. On the contrary, a single senior can experience just as much fun and excitement as someone who has retired with family. 

Are you wondering how to start a new life alone after retirement? If so, keep the following ideas in mind: 

What You Need to Know About Taxes and Disability Benefits

Submitted by pec on

Now is the time to get ready for tax season. If you’re receiving disability benefits from the Social Security Administration it’s important that you understand how your disability benefits are taxes and how to file taxes when disability benefits are your primary income. It’s also important to know how disability benefits impact the any tax credits that you might quality for.

How to File Taxes on Disability Benefits

Submitted by pec on

If you’re receiving disability benefits you should know that you do need to file taxes on disability benefits. Disability benefits count as income, which means they are taxable. However, filing taxes on disability income is a little different from filing taxes on other types of income. Here’s a step-by-step guide you can use to file taxes on your disability benefits:

Find Out If I Qualify for Benefits!