In March 2025, Social Security beneficiaries can expect their payments based on the established schedule, which considers factors such as the type of benefit received and the beneficiary’s date of birth. It’s essential to be aware of these dates to ensure timely access to your funds. Supplemental Security Income (SSI) Payments Payment Date: February 28, … Read more
Social Security has long been misinterpreted as a personal savings account dedicated to retirement. However, the program functions as a social insurance system designed to provide economic security for retirees, the disabled, and surviving family members. This article dissects the history, funding mechanisms, and the challenges currently facing Social Security, clarifying why it should not … Read more
In recent years, a growing number of younger retirees are finding themselves relying solely on Social Security benefits to sustain their post-work lives. This shift raises concerns about financial security and the adequacy of retirement planning among the newer generation of retirees. Rising Dependence on Social Security Traditionally, Social Security was designed to supplement retirement … Read more
Retirement is a major concern for many older Americans, and recent surveys have underscored this. According to a recent AARP survey, 61% of individuals aged 50 and older are anxious about their savings being insufficient to sustain them in retirement. This concern is further heightened by political promises, such as Donald Trump’s vow that seniors … Read more