Benefits Archives - DR News - News, Retirement, Finance

Generous Social Security Benefits Await Those Willing to Delay Filing Until 70

New York, USA – Planning for retirement can be a daunting task, especially when it comes to deciding when to claim Social Security benefits. While there is no set retirement age in the U.S., individuals have the flexibility to choose when to start receiving their benefits, with the potential for higher monthly payments if they delay their filing until age 70. One of the key benefits of waiting until age 70 to claim Social Security …

Retirees Uncertain About Tax Implications of Social Security Benefits

Boston, MA – With over 52 million Americans aged 65 and older currently receiving retirement benefits from the Social Security Administration (SSA), it is essential to understand how these payments may be taxed. As tax season approaches, many retirees may be unsure about their tax obligations regarding their Social Security benefits. Retirement benefits from the SSA serve as a vital source of federal financial support for senior citizens who have paid into the system throughout …

Disability Benefits Payment Schedule for April Released by Social Security

New York, NY – Disabled individuals receiving Social Security benefits in the United States should be vigilant about checking their bank accounts, as April monthly payments have already been disbursed by the Social Security Administration (SSA). Those eligible for the Social Security Disability Insurance (SSDI) program saw their payments arrive on April 10th, according to the SSA’s predetermined schedule. The SSA has a structured payment system, with five rounds scheduled each month to ensure timely …

ICHRA: A New Solution for Employer Health Benefits Coverage Gap

Austin, Texas – Business owners are increasingly exploring new options to provide health benefits to employees as the landscape of employer-provided health insurance benefits continues to evolve. According to a recent nationwide survey conducted by Gravie and Wakefield Research, there is a growing interest in the individual coverage healthcare reimbursement arrangement (ICHRA) as a potential solution. The survey revealed that 83% of firms with 10 to 199 employees offer health benefits to some of their …

Retirement Planning: Understanding the Impact on Spousal Benefits

Maryville, Missouri – As couples plan for retirement, it’s essential to consider how this milestone will impact both spouses. And for those relying on Social Security benefits, understanding the rules and options for spousal benefits is crucial. When it comes to Social Security, a spouse can receive up to 50 percent of their partner’s full retirement age benefit amount if they wait until full retirement age to claim it. However, it’s important to note that …

SSI Recipients to Receive Boost in Social Security Benefits with New Rule Implementation

Washington, D.C. – The Social Security Administration has recently announced significant changes to the Supplemental Security Income program, impacting seniors and individuals with disabilities who rely on Social Security benefits. These changes, set to take effect in the near future, aim to ensure that financial aid payments remain unaffected by food aid payments for specific beneficiaries. The modifications will specifically apply to Supplemental Security Income recipients, distinguishing this program from others under Social Security such …

500000 Britons Urged to Take Action to Prevent Loss of Benefits Entitlement

London, England – The Department for Work and Pensions (DWP) has issued a crucial warning to approximately 500,000 Britons regarding their benefits entitlement. Recipients of specific letters from the DWP have been advised to swiftly respond and take necessary action, or else they risk losing their benefits. The correspondence sent out by the DWP has urged individuals to engage promptly to ensure they maintain their entitlement to benefits. Failure to act on these letters could …

Seniors Push for Enhanced Social Security Benefits Through New Legislation

Philadelphia, Pennsylvania—Seniors across the United States are facing financial challenges as their Social Security benefits fail to keep pace with rising costs. A recent analysis revealed that retirees have seen a significant decrease in purchasing power over the past two decades, with a 36 percent loss in 2023 alone, marking one of the biggest drops since 2000. As expenses like healthcare continue to increase, many seniors are struggling to make ends meet with inadequate benefits. …

Social Security: Access Benefits and Services Online in 2024

IRONTON, Ohio – With more than 71 million people benefiting from Social Security programs, it is crucial to ensure that accessing critical benefits and services is as seamless as possible. As we embrace the new year, there is an opportunity for individuals to engage with Social Security online, starting with the creation of a free and secure personal my Social Security account at www.ssa.gov/myaccount. Through this online platform, individuals can take various actions such as …

Disability Benefits: April Payments for SSDI Recipients Arriving Soon

Los Angeles, CA – SSDI recipients are set to receive another round of disability benefits this week, totaling more than $2,000. These payments are crucial for those who rely on Social Security Disability Insurance to support themselves due to major and irreversible disabilities. With 7.6 million recipients, including 90,000 spouses and 1.1 million children, this program plays a significant role in providing financial stability to those in need. Funded mainly by the Social Security payroll …