Finance - LMPT

Massive Social Security Increase Coming in January – Official Dates Are Out

January 30, 2025 by Nick

Massive Social Security Increase: The Social Security Administration (SSA) is getting ready to make various changes to its payout system in 2025 and millions of people will get higher monthly checks. Retirees, survivors, persons with disabilities and SSI beneficiaries will be impacted by these changes. For the beneficiaries to be in a position to manage their financial situation as well as develop a priorities list for the following year it …

USDA & FNS Allowance Programs in 2025: Eligibility Tips for Food Savings

January 30, 2025 by vasantha

Millions of Americans rely on the Food and Nutrition Service (FNS) and the United States Department of Agriculture (USDA) financial assistance programs to reduce food costs and gain healthy food access. These initiatives help low-income people, seniors, families, and others better stretch their budgets by providing them with monthly allowances and benefits targeted at those groups, therefore improving their quality of life. The following top five initiatives will help you …

Will You Receive the $1,800 Social Security Payment in December?

January 30, 2025 by Rick Adams

The Social Security program serves as the cornerstone of financial stability for millions of retired and disabled individuals in the United States. In December 2024, some recipients are set to receive up to $1,800, which is more than the national average benefit of $1,767 per month. Who can receive this high amount? But who qualifies for this high amount? Below we will analyze the key factors and payment schedule so …

Centrelink Payment Increase January 2025: Over a Million Aussies Celebrate

January 30, 2025 by Nick

Centrelink Payment Increase January 2025: From the first of January 2025, more than a million Australians are set to get a warm welcome in the form of higher Centrelink payments. What makes this important is that this adjustment is part of the government’s annual indexation mechanism aimed at assisting recipients deal with arguably higher cost of living in Australia. The payment increase is aligned to directly counteract the CPI which …

Major Social Security Changes Coming in 2025—What You Need to Know!

January 30, 2025 by Rick Adams

Social Security Changes: The full retirement age (FRA) will once again be updated by the Social Security Administration. In fact, it is gradually increasing and will reach 67 for people born in 1960 or later. For example, if you were born in 1959, your full retirement age is 66 and 10 months. However, if you were born in 1958, it is 66 and 8 months. In 2025, people born between …

2025 Social Security Update: How to Qualify for $5,108 Payments

January 30, 2025 by Sam

2025 Social Security Payments: Eligibility and Application Procedure Starting in 2025, there are major changes in the affairs of the Social Security Administration. One of which is the cost-of-living alteration (COLA) of 2.5, qualifying most extreme advantage sums of $5,108 for month to month qualification.It is time to know this much more deeply. Why is 2.5% COLA Hike important? To counter inflation the COLA hike is intended to keep the …

$94 VA Cost of Living Boost in 2025: Eligibility and Payment Schedule Explained

January 30, 2025 by vasantha

For veterans dependent on compensation benefits for disability, the $94 VA Cost of Living Increase will ensure a major upgrade to be seen in terms of inflation and the rising cost of living in 2025. The U.S. Department of Veterans Affairs (VA) manages this and sets it according to the COLA provided for by the Social Security Administration to ensure that veterans and their families can maintain financial stability. Here is everything that you should know about the supposed $94 raise, prerequisites, distribution dates, and how the COLA affects VA benefits. Overview of the $94 COLA Adjustment The Cost of Living Adjustment (COLA) is annually computed with the Consumer Price Index, which …