Social Security, Shutdown and US Government
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The failure to reach a budget agreement will shut down much of the federal government on Wednesday, but that won’t stop the flow of several critical benefits, including Social Security retirement and disability payments, which are sent to more than 74 million people each month.
Wondering what will happen to your Social Security checks during the government shutdown that began Oct. 1? Here's what you need to know.
Social Security payments to more than 74 million Americans will stay on schedule during the government shutdown.
For those approaching retirement, there are several steps to take before applying for Social Security benefits. Pre-retirees should be familiar with the benefit options available to them and understand the application process. Additionally, there are ...
As the possibility of a government shutdown looms, some are questioning what that will mean for Social Security payments. Here's what you need to know.
Social Security typically pays benefits on Wednesdays, with the first wave of payments going out on the second Wednesday of the month, Oct. 8. Subsequent payments will go out on the third (Oct. 15) and fourth (Oct. 22) Wednesdays of the month, according to the Social Security Administration’s calendar.
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8 types of people who won't qualify for Social Security
Social Security benefits are a crucial part of financial planning for many Americans, but not everyone qualifies to receive them. Understanding the eligibility criteria is essential to avoid surprises when planning for retirement or other financial needs.
One final limitation is that you cannot claim a spousal benefit until your partner has applied for checks. There is an exception for divorced individuals. As long as you've been divorced from your ex for at least two years, you can apply for spousal benefits even if they're not claiming yet.
According to the Transamerica Center poll, nearly 40 percent of Gen Xers expect to retire at age 70-plus or not at all. They are more likely than other age groups to cite financial concerns, including not having enough retirement savings and fears that Social Security payments will be less than expected.