A 21% cut in Social Security benefits is projected by 2033 due to a funding shortfall, impacting millions of retirees. This article explores why the cuts are happening, who will be affected, and offers practical solutions to offset the loss.
VA disability payments for October 2024 will include a 3.2% Cost-of-Living Adjustment (COLA), ensuring veterans’ benefits keep pace with inflation. The monthly compensation rates range from $171.23 (10% rating) to $3,737.85 (100% rating). Payments are scheduled for November 1, 2024. Veterans with service-connected disabilities and dependents may qualify for additional compensation. Learn more about eligibility and how to apply on the official VA website.
The article covers the potential 17% to 21% cuts in Social Security benefits by 2035, detailing how much retirees could lose and why this is happening. It also provides actionable steps, such as diversifying retirement savings and budgeting strategies, to help retirees prepare for these reductions.
In November 2024, SSI beneficiaries will receive two payments: one for November and an early December payment. Eligible couples can receive up to $1,415. This article explains eligibility, the payout schedule, and what to expect for SSI in November 2024.
The Social Security Administration (SSA) has confirmed three major changes for October 2024, including a 2.5% COLA increase, a rise in maximum taxable earnings, and an adjustment to earnings limits for retirees. These changes aim to help beneficiaries cope with inflation while offering more financial flexibility for working retirees. Stay updated and understand how these changes impact your benefits by visiting the SSA’s official website.
