payments Archives - DR News - News, Retirement, Finance

SSDI Payments Schedule for April 2023: Check Your Payment Date Now

San Francisco, California – This week, April payments for recipients of Social Security Disability Insurance (SSDI) benefits will begin to be distributed. For those unfamiliar with the payment schedule or uncertain about when to expect their funds, understanding the timing is crucial. Depending on when you started receiving SSDI benefits and your birth date, there are four specific payment dates to be aware of throughout the month of April. It is essential to note that …

Insurance Stocks Plunge as US Regulators Hold Firm on Medicare Payments

New York, NY – Health insurance stocks experienced a significant drop in late trading on Monday following the unexpected decision by US regulators to keep payments for private Medicare plans steady for 2025. This move by President Joe Biden’s administration marks a departure from recent practices, catching Wall Street off guard. According to research from JPMorgan Securities analysts, final rates have typically improved from regulators’ initial proposals over the past decade, making this decision a …

2024 Retirement Payments: Social Security Raises Checks for Eligible Americans

New York, United States – Social Security beneficiaries in the United States are set to receive an increase in their retirement payments for 2024. The Cost of Living Adjustment (COLA) has been implemented, providing recipients with an additional 3.2% in their monthly checks compared to April 2023. However, not all Americans are eligible for this increase. Only Group 1 retirees are entitled to the raise, with those who have opted for faster payment methods receiving …

Social Security Administration Announces Double Payments for SSI and Retired Workers

Miami, FL – The Social Security Administration (SA) has recently made an important announcement regarding increased payments for recipients of Supplemental Security Income (SSI) and retired workers who have been receiving Social Security benefits prior to May 1997. These beneficiaries can expect to see monthly payments up to $943 for SSI recipients and $2,000 for retired workers, although individual payment amounts may vary based on specific circumstances. The SA, a federal agency, administers the SSI …

Social Security Administration to Distribute Fourth Round of January Payments on January 17th

Orlando, Florida – The Social Security Administration (SSA) continues to issue payments for January, thanks to a 3.2 percent Cost-of-living adjustment (COLA). With the fourth round of checks for the month scheduled to be issued on January 17th, retired workers will now receive an average of $1,907 per month, representing an increase from the previous average of $1,848. Meanwhile, couples filing jointly will receive an average of $3,033 per month, up from $2,939 in 2023. …

April Social Security Payments: Important Updates and Payment Schedule for Retirees

New York, NY – Social Security recipients in the United States who are waiting for their March payments may experience a delay of up to three days. This delay specifically affects individuals who were expecting their payments on March 27. If you fall within this category and have not received your payment by now, it is advisable to promptly contact the Social Security office. However, for those who have already received their March payment, the …

Social Security Payments for SSI and Retirees Set to Arrive Next Week: What You Need to Know

Washington, D.C. – The upcoming week holds significant financial milestones for Social Security beneficiaries across the United States. The Social Security Administration has confirmed that Supplemental Security Income (SSI) recipients can expect a payment of $1,415 on Monday, April 1st, while retired workers eligible for Old Age, Survivors, and Disability Insurance (OASDI) may receive up to $4,873 on Wednesday, April 3rd. The SSI and OASDI programs, administered by the Social Security Agency, offer vital financial …

Benefit: How Social Security Payments Differ at Ages 62, 66, and 70

Los Angeles, CA: As individuals get closer to retirement age, one common question that arises is when to start receiving Social Security benefits. Understanding the options available at ages 62, 66, and 70 can help retirees make informed decisions about their financial future. At age 62, individuals have the option to begin receiving Social Security benefits, but it may not be the most advantageous choice. While it provides immediate income, the amount received is significantly …

Trump and Musk Raise Alarm Over Social Security Payments to Alleged Centenarians, Yet Facts Tell a Different Story

Washington, D.C. – Allegations from high-profile figures like President Donald Trump and entrepreneur Elon Musk have spotlighted purported inefficiencies within the Social Security Administration (SSA), centering on claims that the agency has been issuing payments for millions of deceased individuals purportedly over 100 years old. These assertions have stirred considerable public and media scrutiny into the management of social security funds. During a recent press conference, Trump characterized the situation as either a sign of …

Pension watchdog agency under fire for $127 million in payments to deceased participants

Raleigh, North Carolina – A recent investigation into the handling of pension funds by the Pension Benefit Guaranty Corporation (PBGC) has revealed alarming findings. The probe uncovered that a substantial amount of money, totaling $127 million, was mistakenly paid out to at least 3,479 deceased participants in the Central States Pension Fund. This revelation has sparked outrage and raised questions about the oversight and management of these vital funds. The improper payments were flagged by …