Thursday, January 9
Rare 1933 $500,000 Auction Coin: A Collector’s Dream
8Oct By Grace ThompsonNo Comments
US News

Rare 1933 $500,000 Auction Coin: A Collector’s Dream

Coin collectors and investors alike are abuzz with excitement over a rare 1933 $500 coin that is set to go up for auction soon. This stunning piece, struck at the San Francisco Mint, is not just another collectible; it’s a piece of history that showcases the intricate craftsmanship of American minting. The Significance of the 1933 $500 Coin Minted in 1933, this particular coin is exceptional due to its rarity. It was one of only a few $500 coins ever produced, making it a highly sought-after item among numismatists. The San Francisco Mint produced these coins during a tumultuous period in American history when the nation was grappling with the Great Depression. Although these coins were initially intended for circulation, most were melted down due to their face value being far less t...
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Anticipating the 2025 COLA: How It Will Affect Social Security Benefits
8Oct By Grace ThompsonNo Comments
Social Security

Anticipating the 2025 COLA: How It Will Affect Social Security Benefits

As we approach the end of the year, many Social Security beneficiaries are eagerly awaiting the announcement of the Cost-of-Living Adjustment (COLA) for 2025. Scheduled for October 10, this adjustment plays a vital role in ensuring that Social Security and other government benefits keep pace with inflation, especially in the current economic climate. Understanding the COLA for 2025 The COLA is determined by changes in the Consumer Price Index (CPI), which measures the average change in prices over time for goods and services. For 2025, analysts predict a COLA increase of around 3.2%. This increase, although lower than the 8.7% adjustment beneficiaries received in 2023, will still provide necessary relief against rising living costs. This anticipated COLA will affect more than 70 mill...
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SSDI Payment Schedule for October 2024: Important Dates to Remember
8Oct By Grace ThompsonNo Comments
Social Security

SSDI Payment Schedule for October 2024: Important Dates to Remember

As October unfolds, beneficiaries of Social Security Disability Insurance (SSDI) eagerly await their monthly payments. Understanding the payment schedule is crucial for managing finances and planning budgets. The timing of these payments can vary depending on when beneficiaries began receiving their SSDI benefits and their birth dates. Here’s a detailed look at the SSDI payment plan for October 2024. Key Payment Dates for October The Social Security Administration (SSA) has established a systematic payment schedule to ensure that beneficiaries receive their funds on time. For those who began receiving SSDI benefits before May 1997, payments are straightforward. These individuals will receive their payments on the 3rd of the month. However, if this date falls on a weekend or holiday, ...
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Understanding COLA Boost: Amount, Eligibility, and Payment Dates
8Oct By Grace ThompsonNo Comments
Social Security

Understanding COLA Boost: Amount, Eligibility, and Payment Dates

The Cost of Living Adjustment (COLA) is a crucial factor for millions of Social Security beneficiaries, as it directly impacts the amount of financial support they receive. As we approach the announcement of the 2025 COLA on October 10, it’s essential to understand what this means for eligible recipients, how much they can expect to receive, and the payment dates associated with these adjustments. What is COLA? The COLA is an annual adjustment intended to help beneficiaries keep pace with inflation and rising living costs. For 2025, projections indicate a potential increase of 2.5% based on inflation data. This adjustment could result in an average monthly boost of approximately $48 for retirees, which may seem modest but can significantly impact those relying on Social Security for ...
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Will November’s Double SSI Payments Increase After the 2025 COLA?
8Oct By Grace ThompsonNo Comments
Social Security

Will November’s Double SSI Payments Increase After the 2025 COLA?

As the end of the year approaches, many recipients of Supplemental Security Income (SSI) are eager to learn how the upcoming Cost of Living Adjustment (COLA) for 2025 will impact their payments. The COLA announcement is set to be made on October 10, and it’s crucial for SSI beneficiaries to understand how this may affect their November payments, particularly since they are scheduled to receive double payments. November Double Payments Explained In November, SSI beneficiaries typically receive two payments: one for the month of November and another for December. This is done to ensure that recipients have adequate funds during the holiday season. The anticipation surrounding the COLA increase adds another layer of interest, as many are wondering if these double payments will be adjust...
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What to Expect from October’s Final Social Security Payments Before the COLA Announcement
8Oct By Grace ThompsonNo Comments
Social Security

What to Expect from October’s Final Social Security Payments Before the COLA Announcement

As anticipation builds, the Bureau of Labor Statistics is set to announce the Cost of Living Adjustment (COLA) for 2024 on October 10th. This adjustment will directly influence Social Security payments for retirees, survivors, disabled individuals, and recipients of Supplemental Security Income (SSI). While the official COLA percentage is still pending, it’s crucial to understand that the final two Social Security payments for October will not reflect this increase, as the COLA will take effect starting with the January 2024 payments. Upcoming Payment Schedule For October, the Social Security Administration has scheduled the following payments for beneficiaries: October 16th: Beneficiaries born between the 1st and 10th will receive their payments. October 23rd: Payments for be...
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This Date Will Change Social Security Forever: 3 Exciting Changes for Retirees
8Oct By Grace ThompsonNo Comments
Social Security

This Date Will Change Social Security Forever: 3 Exciting Changes for Retirees

As we approach significant dates on the Social Security calendar, retirees are eagerly anticipating changes that could impact their monthly benefits. The Social Security Administration (SSA) has announced key adjustments that promise to enhance the financial well-being of retirees. Here are three important changes that retirees can look forward to. 1. Increased Monthly Benefits One of the most exciting changes for retirees is the projected increase in monthly Social Security benefits. With the Cost of Living Adjustment (COLA) set to take effect soon, retirees can expect their payments to reflect adjustments based on inflation rates. The COLA is designed to help beneficiaries keep pace with rising living costs. For 2025, the anticipated COLA increase is approximately 2.5%, which trans...
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Retirees Receive Their First Social Security Payout in October Before the COLA Announcement
8Oct By Grace ThompsonNo Comments
Social Security

Retirees Receive Their First Social Security Payout in October Before the COLA Announcement

For retirees who started receiving Social Security benefits after May 1997, the Social Security Administration (SSA) is set to deliver their first payment of October on October 9. The average monthly benefit for these individuals will be around $1,900, though actual amounts can vary based on individual circumstances. This payment is crucial for many, as it helps cover essential living expenses and maintain a comfortable retirement. Upcoming Payment Schedule for October The SSA sends out over 70 million payments each month, with a carefully planned schedule to ensure all beneficiaries receive their funds on time. For those who began receiving benefits after May 1997, the October payment dates are as follows: October 9 (Second Wednesday) for retirees born between the 1st and 10th ...
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Last Days for 2025 COLA to Change: What to Expect from the Next Retirement Benefit Hike
8Oct By Grace ThompsonNo Comments
Social Security

Last Days for 2025 COLA to Change: What to Expect from the Next Retirement Benefit Hike

As the final days before the 2025 Cost of Living Adjustment (COLA) are upon us, millions of Social Security beneficiaries are anticipating an announcement on how much their monthly payments will increase. The official COLA for 2025 will be determined using inflation data from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), typically considering the months of July, August, and September. The final number is expected to be released on October 10, 2024. What to Expect from the 2025 COLA Increase? While the official figures for September are still pending, current estimates based on the available inflation data from July and August suggest that the COLA increase for 2025 may be around 2.5%. This is lower than the 3.2% increase seen in 2024. The average Socia...
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How to Claim Unclaimed Stimulus Checks: What You Need to Know
8Oct By Grace ThompsonNo Comments
Finance

How to Claim Unclaimed Stimulus Checks: What You Need to Know

If you didn’t receive one or more of the stimulus checks issued during the COVID-19 pandemic, you might still be able to claim them. Many individuals either didn’t receive the full amount or missed out on their payments altogether. Luckily, through the Recovery Rebate Credit (RRC), you can still get what you’re entitled to by filing for the credit on your federal tax return. Who Can Claim the Recovery Rebate Credit? Anyone who didn’t receive all of their stimulus payments can file for the Recovery Rebate Credit. This applies to both the 2020 and 2021 tax years, depending on which payment round was missed. Here’s how it works: The first two stimulus checks were advance payments of the 2020 Recovery Rebate Credit. The third stimulus check, which began in 2021, was an advance pay...
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