Retired Archives - DR News - News, Retirement, Finance

Pensions: Retired Teacher’s Payments Halted 4 Times After Being Mistaken for Deceased

London, United Kingdom – A retired teacher, Eileen McGrath, 85, has faced the distressing ordeal of having her pension payments halted four times because her pension provider repeatedly refused to accept that she is alive. Her pension provider, Teachers’ Pensions, which administers payments on behalf of the UK government, wrongly matched her with a deceased stranger, leaving her without income over Christmas. McGrath expressed her frustration, stating that she had received letters asking if she …

Retired Justice Breyer Defends Justice Sonia Sotomayor, Calls Her a ‘Spring Chicken’

Washington D.C., U.S. – Retired Supreme Court Justice Stephen Breyer recently shared his thoughts on calls for Justice Sonia Sotomayor to retire from the bench, dismissing them by referring to her as a “spring chicken.” Breyer, speaking on “Fox News Sunday,” acknowledged that while he retired at the age of 83, Sotomayor is still relatively young. There has been increasing pressure for Sotomayor to step down under the Biden administration, with suggestions that President Biden …

Retired Teacher Loses RM1.2mil in EPF Savings to Cryptocurrency Scam

ALOR GAJAH, Malaysia: A 70-year-old retired teacher from Alor Gajah has fallen victim to a cryptocurrency investment scam, losing a staggering RM1.2 million of her hard-earned Employees’ Provident Fund (EPF) savings. The scam unfolded when the teacher joined a social media group that lured her in with promises of high returns on her investment. The victim, who had kept her EPF savings in the bank since retiring, was enticed by the prospect of multiplying her …

Social Security Payment Boost for Retired Workers Born 21st-31st: Over $3,000 Coming in Two Days

Los Angeles, CA – Retired individuals born between the 21st and 31st of the month are set to receive a boost in their Social Security payments, with over $3,000 scheduled to be disbursed in just two days. Following this payment, the next round of payments for retirees is slated for May 3rd for seniors who began claiming benefits before May 1997. Further payments are expected to be issued on the second, third, and fourth Wednesdays …

Retired Couples: 3 Essential Tips for Maximizing Spousal Social Security Benefits

Phoenix, Arizona – Retired couples have much to consider when it comes to spousal social security benefits. Understanding the ins and outs of these benefits can make a significant impact on financial security in retirement. One key aspect to be aware of is the ability for a spouse to claim benefits based on the work history of their partner. This can be especially beneficial if one partner has significantly higher earnings than the other. By …

Retired Worker Social Security Payments to Increase Next Week, Average $1,900.

Los Angeles, California – Retired workers in the United States will see an increase in their Social Security payments next week. This increase will bring relief to millions of Americans who rely on Social Security programs to make ends meet. The rise in payments, with an average of $1,900, will provide much-needed financial assistance to seniors across the country. Social Security payments play a crucial role in the lives of retirees and their families, as …

Retired Couples Find Affordable Living in Minnesota on Social Security: Here Are the Top Spots

St. Paul, Minnesota – Retirement can be a challenging time for many Americans, especially when living on a fixed income like Social Security. With the rising costs of living, retirees need to carefully consider their options for where to reside in order to make the most of their retirement funds. According to recent reports, the majority of retirees in the United States enter retirement while married, with only a small percentage being widowed. However, divorce …

Social Security Benefits Payment Schedule for April: Critical Dates for Retired Workers and SSDI Recipients

Los Angeles, California – Social Security recipients in Los Angeles, California began receiving their benefits this month, with retired workers who claimed benefits before May 1997 already receiving their payments on April 3rd. For those who requested benefits afterward, payments are scheduled to start next week. Seniors with birthdays between the 1st and the 10th will receive their payments on Wednesday, April 10th, with subsequent payments coming on the third and fourth Wednesdays of the …

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 …

Spousal Social Security Benefits: 3 Definitive Facts for Retired Couples

Washington D.C., United States – Social Security has been a foundational social program in the U.S. for many years, providing crucial income for millions of retirees. While traditionally seen as a safety net for those who paid into the system, it also offers spousal benefits for non-working or low-earning partners. As retirement approaches, here are three important things to know about Social Security spousal benefits. First and foremost, understanding how Social Security spousal benefits work …