Social Security beneficiaries could see a modest increase in their monthly payments in 2026. According to a June estimate by The Senior Citizens League and analyst Mary Johnson, the projected cost-of-living adjustment (COLA) for 2026 is now 2.5%, a slight bump from last month’s 2.4% projection. While this figure is far from final, it offers … Read more
Millions of Americans rely on Social Security as a critical source of income during retirement, yet many fail to maximize their monthly payments. Knowing how and when to claim your benefits can make a significant difference in how far those checks will stretch. From strategic timing to little-known provisions, here’s how you can boost your … Read more
As of 2023, there are approximately 59 million Americans aged 65 and older, marking a significant portion of the U.S. population typically associated with retirement. For many, turning 65 is the traditional milestone signaling the transition out of the workforce. However, when it comes to Social Security benefits, the Social Security Administration (SSA) follows a … Read more
Understanding how much money ends up in your bank account goes beyond just budgeting—it’s closely tied to cost-of-living adjustments (COLAs), particularly for those receiving Social Security or Supplemental Security Income (SSI). These government-provided benefits are recalibrated annually to account for inflation, ensuring recipients maintain purchasing power in an ever-changing economy. Let’s explore how COLA works, … Read more