News.Life

41 States Where Social Security Benefits Go Untaxed

DIWIDA.NEWS income taxes, personal finance taxes, social security, social welfare, taxes

Contrary to the popular misconception, Social Security income
 
 can
 
 be taxed. Social Security beneficiaries who have substantial other sources of income can have as much as 85% of their benefits included in their taxable income calculation. In fact, tax on Social Security benefits is a major revenue source for the program.


 The good news is that in most cases, Social Security is not taxable at the state level. 41 states do not tax Social Security income whatsoever. Not only that, but most of the states that do tax Social Security use far looser rules than the federal government.


 
 
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<h2>
 41 states that exempt Social Security income from taxes
</h2>

 I'll cut to the chase. Should your state be on this alphabetical list, it does not impose any taxes:
 Social Security benefits
 for the 2025 tax year:

<ul>
 <li>
 Alabama
 </li>
 <li>
 Alaska
 </li>
 <li>
 Arizona
 </li>
 <li>
 Arkansas
 </li>
 <li>
 California
 </li>
 <li>
 Delaware
 </li>
 <li>
 Florida
 </li>
 <li>
 Georgia
 </li>
 <li>
 Hawaii
 </li>
 <li>
 Idaho
 </li>
 <li>
 Illinois
 </li>
 <li>
 Indiana
 </li>
 <li>
 Iowa
 </li>
 <li>
 Kansas
 </li>
 <li>
 Kentucky
 </li>
 <li>
 Louisiana
 </li>
 <li>
 Maine
 </li>
 <li>
 Maryland
 </li>
 <li>
 Massachusetts
 </li>
 <li>
 Michigan
 </li>
 <li>
 Mississippi
 </li>
 <li>
 Missouri
 </li>
 <li>
 Nebraska
 </li>
 <li>
 Nevada
 </li>
 <li>
 New Hampshire
 </li>
 <li>
 New Jersey
 </li>
 <li>
 New York
 </li>
 <li>
 North Carolina
 </li>
 <li>
 North Dakota
 </li>
 <li>
 Ohio
 </li>
 <li>
 Oklahoma
 </li>
 <li>
 Oregon
 </li>
 <li>
 Pennsylvania
 </li>
 <li>
 South Carolina
 </li>
 <li>
 South Dakota
 </li>
 <li>
 Tennessee
 </li>
 <li>
 Texas
 </li>
 <li>
 Virginia
 </li>
 <li>
 Washington (state and D.C.)
 </li>
 <li>
 Wisconsin
 </li>
 <li>
 Wyoming
 </li>
</ul>

 Should your state be listed here, your Social Security income will be exempt from state income tax irrespective of the amount of extra retirement income you possess, or whether you do so or not.
 still working
 .


 Certainly, some of these states do not impose any income tax at all. However, in certain situations, the Social Security exemption might provide substantial savings. To illustrate, suppose you get $20,000 annually from Social Security and reside in my home state of South Carolina, where the highest marginal tax rate is 7%. In this scenario, you could potentially save around $1,400.


 Additionally, this list may expand over time. As an illustration, West Virginia is gradually eliminating taxes on Social Security benefits with plans for them to completely disappear by 2026.

<h2>
 What would happen if you reside in one of the remaining nine states?
</h2>

 Given the information from the preceding section, we can see that nine states continue to impose taxes on Social Security benefits at varying levels. The affected states include Colorado, Connecticut, Minnesota, Montana, New Mexico, Rhode Island, Utah, Vermont, and West Virginia.


 In many instances, though, the guidelines surrounding Social Security taxation tend to be more lenient compared to those enforced by the IRS. For instance, in Colorado, Social Security benefits are taxed only from recipients younger than 65 whose income exceeds specific thresholds.

<h2>
 Just one part of the tax equation
</h2>

 If you’re retired and live in one of the nine states imposing taxes on Social Security benefits, it may seem less than ideal. However, remember that taxation of Social Security is only part of what determines whether a state’s overall tax environment is more favorable or not. Often, those same states with Social Security taxes tend to have comparatively lower rates for other forms of taxation.


 For instance, Montana imposes a tax on Social Security benefits for certain residents yet stands among the only five states without a state sales tax. Some other states listed feature property taxes significantly lower than the nationwide average.


 The bottom line is that while tax on your Social Security benefits is certainly not ideal, it's important to consider the full picture of a state's tax situation.

<h2>
 The $
 
 22,924
 
 The Social Security benefit many seniors entirely miss noticing.
</h2>

 If you’re similar to many Americans, you might be lagging several years—or even more—behind on saving for retirement. However, some lesser-known “Social Security strategies” may assist in increasing your retirement earnings. For instance: one simple method could provide an additional $
 
 22,924
 
 More every year! After mastering strategies to optimize your Social Security benefits, we believe you can retire with confidence and achieve the peace of mind everyone seeks.
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 disclosure policy
 .

41 States Where Social Security Benefits Go Untaxed

Contrary to the popular misconception, Social Security income can be taxed. Social Security beneficiaries who have substantial othe...

Louisiana Aims to Ease Tax Burden for Seniors and Veterans

DIWIDA.NEWS government, government regulations, republicans, senior citizens, social welfare

<img data-document-id="cms/api/amp/image/AA1CyDsB" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1CyDsB.jpg"/>

 Representative Alonzo Knox has put forth House Bill 402, designed to offer extra tax breaks to elderly residents and disabled veterans in Louisiana.


 The proposed legislation includes an extra $12,500 state income tax deduction aimed at individuals who are 65 years old and above as well as veterans with certain disabilities.

Subscribe to our Newsletters

 Knox highlighted the significance of backing these organizations, especially when the economy is unstable, since numerous individuals rely on consistent earnings.


 "Given these unpredictable economic conditions, I believe our state should take initiative to support those who are most at risk, particularly our senior citizens who dedicated their lives to work and our veterans who have defended our nation," Knox stated.


 “If we managed to implement this for the richest individuals in Louisiana and for large corporations and businesses, then surely we should be able to extend support to those who are most susceptible and whom we value greatly within our community,” he stated.


 The legislative session starts on April 14 and has to conclude by June 12.


 
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 A Louisiana legislator suggests tax breaks for senior citizens and veterans.
 


 
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 Find all the essential New Orleans updates here. From the most recent local weather forecasts to statewide sports and current events, WDSU keeps you ahead with comprehensive coverage as your premier source for news.

Louisiana Aims to Ease Tax Burden for Seniors and Veterans

Representative Alonzo Knox has put forth House Bill 402, designed to offer extra tax breaks to elderly residents and disabled veterans in...

Uttarakhand CM Dhami Orders Welfare Schemes for Unorganized Workers

DIWIDA.NEWS government, public policy, social welfare, welfare, workers

<img data-document-id="cms/api/amp/image/AA1CbXKD" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1CbXKD.jpg"/>
<div class="content count-br">
 
 
 Dehradun (
 Uttarakhand
 [India], April 3 (ANI):
 Uttarakhand
 Chief Minister
 Pushkar Singh Dhami
 stressed that the well-being of the state's employees continues to be a primary concern for the government, as stated in an official release.
 
 
 He instructed officials to put into place a thoroughly organized plan to meet the goals set forth.
 Uttarakhand
 The Unorganized Workers' Social Security Board was set up. He emphasized the importance of consolidating different programs into a single system to guarantee their efficient implementation and allow every entitled recipient to obtain their complete benefits.
 
 
 He additionally directed that employees should be granted the proper benefits from governmental programs, emphasizing the importance of addressing their requirements. These instructions were provided during a gathering of officials.
 Uttarakhand
 The Unorganized Workers' Social Security Board met at the Secretariat on Wednesday.
 
 
 The Chief Minister stated that the aim is to integrate various schemes into one to provide optimal benefits to those who qualify, ensuring the program stays efficient and can be tracked consistently. It’s crucial to enhance the utilization of the state's assets. Simplifying the registration process for workers must be prioritized. Additionally, efforts should focus on integrating worker offspring into society at large and enabling their access to available amenities. Furthermore, emphasis needs to be placed on upgrading the skills of these workers.
 
 
 Commissioner Dhami emphasized that departments must provide information to ordinary citizens using simple and direct language. During presentations at the meetings, three key points ought to be explicitly stated: first, what actions have already been taken; secondly, if nothing has been accomplished, the reasons behind this failure; and thirdly, the proposed strategy moving forward. He also stressed that all recommendations made by board members should be incorporated into subsequent planning initiatives.
 
 
 During the meeting, it was mentioned that approximately 30 lakh workers are registered from the state.
 Uttarakhand
 Among them, 1.7 million are women employees, and 1.3 million are men employees. Up until now, 2 million workers have been confirmed.
 
 
 Out of the 20 lakh certified workers, 2.5 lakh belong to the construction sector, with another 17.50 lakh falling into various other categories. The e-Shram portal has facilitated benefits under the Pradhan Mantri Suraksha Bima Yojana for 15 registered workers, providing them an accident insurance coverage of Rs 2 lakh. Under the PM Shram Yogi Maandhan Yojana, there are 39,567 registered workers, including 20,509 females and 19,058 males. (ANI)
 
 
</div>
Provided by SyndiGate Media Inc.
Syndigate.info
).

Uttarakhand CM Dhami Orders Welfare Schemes for Unorganized Workers

Dehradun ( Uttarakhand [India], April 3 (ANI): Uttarakhand Chief Minister Pushkar Singh Dhami stressed that the ...

Social Security's Digital Divide: Rural Communities Struggle Without Internet or Transportation

DIWIDA.NEWS government, news, senior citizens, social security, social welfare

<img data-document-id="cms/api/amp/image/AA1BrUA0" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BrUA0.jpg"/>

 WELCH, W.Va. (AP) — Veronica Taylor doesn't know how to turn on a computer, let alone use the internet.


 The 73-year-old can't drive and is mostly housebound in her mountainous and remote West Virginia community, where a simple trip to the grocery store can take an hour by car.


 New requirements
 that Social Security recipients access key benefits online or in person at a field office, rather than on the phone, would be nearly impossible to meet without help.

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 “If that’s the only way I had to do it, how would I do it?” Taylor said, talking about the changes while eating a plate of green beans, mac and cheese and fried fish with a group of retirees at the McDowell County Senior Center. “I would never get nothing done.”

<img data-document-id="cms/api/amp/image/AA1BrUA5" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BrUA5.jpg"/>

 The requirements, set to go into effect March 31, are intended to streamline processes and combat
 widespread fraud
 within the system, according to President
 Donald Trump
 and officials in his administration.


 They say that's why it's vital for people to verify their identity online or in person when signing up for benefits, or making a change like where the money is deposited.

<img data-document-id="cms/api/amp/image/AA1BrUA8" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BrUA8.jpg"/>

 But
 advocates
 say the changes will disproportionately impact the most vulnerable Americans. It will be harder to visit field offices in rural areas with high poverty rates. Often these are the same areas that lack widespread internet service.

<img data-document-id="cms/api/amp/video/AA1BrUAa" data-reference="video"/>

 Many Social Security field offices are also being shut down, part of the federal government's cost-cutting efforts. That could mean seniors have to travel even farther to visit, including in parts of rural West Virginia.


 Donald Reed, who runs a local nonprofit that operates two senior centers, said he has serious concerns about the policy change, and how it’ll affect the people his group serves.


 “I’m not anti-Trump — let me say that,” he said. “I think the general public greatly supports looking for waste in government. I do not think the general public understands the consequences of the current actions of the government.”

<h2>
 Poor, rural areas could be hardest hit
</h2>

 One in three people live in poverty in McDowell County, once
 one of the nation’s largest coal producers
 . Around 30% of the population receives Social Security benefits and 20% lack broadband access. People already face huge challenges in accessing basic needs like food and clothing.


 Non-profit groups like The Commission on Aging receive money from the federal government to provide rides to the grocery store, medical appointments and free lunch at the county senior center, and could in theory add a stop to the local Social Security office said Reed, who is the group’s director.


 But the transportation grant money is already not enough to meet the need. Last year, Reed ran out of money during the last three months of the fiscal year and had to dip into the Commission’s savings. This year, he said he won’t be able to do so.


 Then, last Friday, he found out the Commission had lost an almost $1 million grant he expected, again because of the federal government’s cost cutting.


 He had planned to use the money to rebuild one of the two county senior centers, an aging 1980s-era doublewide trailer with limited seating.


 “Once the money’s gone, you know, the money’s gone,” he said.

<h2>
 A flurry of new rules, hard for seniors to follow
</h2>

 Seniors at the center gather each weekday for lunch. Usually, they might play bingo or cards. On this day, because of the presence of a reporter from The Associated Press, the conversation turned to politics.


 Many are Trump supporters. Every county in West Virginia supported Trump in three presidential elections.


 Yet all agreed that the recent flurry of executive orders had been difficult to follow, especially since
 the county’s last local newspaper shuttered,
 and they weren’t sure what effect they’d have on their lives.


 “I don’t understand a lot of the stuff that’s going on right now, and I just can’t pinpoint things together, you know,” said Brenda Hughes, 72, who said she usually goes to the Social Security office in person anyway because she said she’s found it difficult to get a hold of the call center. “But maybe it’s meant to be like that.”


 Mary Weaver, 72, said she doesn’t approve of Trump giving Elon Musk so much leeway to cut and change services, and she doesn’t see those measures helping McDowell County.


 “He gone run for president, and he’s going to get the presidency, but he’s going to let someone else tell him how to run the country?” she asked, criticizing Trump’s relationship with Musk.


 Other residents aren't concerned. Barbara Lester, 64, said she wishes she could sit down with Trump and Musk and tell them they’re doing a fantastic job.


 “And with all the money they’re saving from the fraud, they could afford to give their senior citizens an increase,” said Lester, who is retired from construction work.


 However, for Taylor, who relies mostly on rides from the deteriorating commission for her excursions, the modifications to Social Security might add yet another challenge.


 There are already many places she wants to go and can’t get to. None of her grandkids live nearby, her daughter lives in Roanoke, Virginia, and her 39-year-old son, who used to live in the Welch area near her, died. The walk from her house to the Social Security office is six miles.


 “If I ask people more than two times to take me somewhere, it’s like begging. And I don’t beg nobody to do nothing for me,” she said. “I’m independent like that. I don’t beg nobody for nothing."

Social Security's Digital Divide: Rural Communities Struggle Without Internet or Transportation

WELCH, W.Va. (AP) — Veronica Taylor doesn't know how to turn on a computer, let alone use the internet. The 73-year-old can't ...

Berapa Jumlah THR yang Ideal untuk Orang Tua Setelah Menikah?

DIWIDA.NEWS children and families, family relationships and dynamics, money, religion, social welfare

Memberikan Tunjangan Hari Raya (THR) telah menjadi kebiasaan di Indonesia pada masa peringatan Idul Fitri. Pasangan suami istri yang sudah berkeluarga umumnya pula akan menggratiskan THR kepada orangtua atau bahkan ortunya sendiri.


 
 Akan tetapi, jumlah THR kerap kali menjadi tanda tanya bagi sebagian besar orang. Bagaimana dengan memberikan uang lebaran kepada orang tua setelah menikah? Berapa jumlah yang sesuai untuk mereka?
 

<h2 id="hukum-memberi-uang-thr-dalam-islam">
 
 Aturan tentang Memberikan Tunjangan Hari Raya di Agama Islam
 
</h2>

 
 Dalam wawancara
 
 
 Bersama Ustazah Lailatis Syarifah dari Aisyiyah, disampaikan bahwa memberikan Tunjangan Hari Raya kepada keluarga saat Idul Fitri merupakan hal yang dibolehkan dalam hukum.
 

<table class="pic_artikel_sisip_table">
 <tr>
 <td>
 <div class="pic_artikel_sisip">
 <div class="pic">
 <img data-document-id="cms/api/amp/image/AA1AAgWt" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1AAgWt.jpg"/>
 </div>
 </div>
 </td>
 </tr>
</table>

 
 Ini sesuai prinsip syariah yang menegaskan bahwa segala bentuk transaksi hukumannya diizinkan kecuali terdapat bukti yang melarangnya.
 


 
 Memberikan tunjangan hari raya dalam bentuk uang hukumnya diizinkan. Sesuai dengan prinsip syariah yang mengungkapkan,
 
 Al-asl dalam berurusan dengan hal-hal yang dibolehkan kecuali apa pun yang menunjukkan larangannya.
 
 "Awalnya, segala sesuatu yang berkaitan dengan transaksi dianggap sah, kecuali jika ada bukti yang melarangnya," jelas Lailatis.
 


 
 Di samping itu, pembagian Tunjangan Hari Raya pun bisa menciptakan kegembiraan bagi setiap individu. Selain itu, budaya ini juga mampu mengenalkan kepada anak-anak tentang pentingnya perayaan Idul Fitri sebagai momen istimewa di agama Islam.
 


 
 "Pada hari ini ketika setiap orang merasakan kegembiraan, anak-anak juga ikut bergembira karena mendapatkan Tunjangan Hari Raya. Ini akan memupuk cintanya terhadap hari raya sebagai momen penting dalam agama Islam," ungkapnya.
 

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 Bolehkah Nikah Selama Bulan Ramadhan? Pahami Dasar Hukumnya dalam Agama Islam
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</table>
<h2 id="berapa-nominal-thr-untuk-orang-tua-jika-sudah-menikah--1">
 
 Berapa jumlah THR yang diterima oleh pasangan suami istri setelah menikah?
 
</h2>

 
 Ibu rumah tangga yang telah berkeluarga dan memiliki anak mungkin masih
 
 bingung
 
 Menetapkan jumlah uang lembur hari raya (THR) yang sesuai untuk orangtua tidak perlu menjadi beban. Akan tetapi, jangan kuatir karena Bubun akan memberikan beberapa saran tentang cara mengelola keuangan untuk amplop berisi hadiah di masa Lebaran.
 


 
 
 Financial advisor
 
 
 
 , Christina Indah Desheila, sempat berkata kepada
 
 
 bahwa THR masih harus dialokasikan bagiannya untuk angpao, keperluan diri sendiri, serta dana darurat.
 


 
 THR masih menjadi prioritas utama.
 
 self reward
 
 "Jangan terlebih dulu memikirkan oranglain, tetapi fokuslah pada keluargamu yang pertama," katanya.
 


 
 Berikut adalah sebagian dari cara membagi dana THR untuk amplop Lebaran serta keperluan lain pada saat Hari Raya Idul Fitri:
 

<ul>
 <li>
 
 Sisihkan 10% dari dana THR Anda untuk
 
 self reward
 
 Keluarga inti mungkin menggunakannya untuk berlibur ke suatu destinasi pariwisata atau membelikan hadiah seperti mainan bagi buah hati mereka.
 
 </li>
 <li>
 
 Sediakan 20% dari dana Anda untuk pembelian parcel atau hampers lebaran. Ingatlah, bunda, agar pengeluaran untuk hal ini jangan melebihi 20% total uang THR Anda.
 
 </li>
 <li>
 
 Dedikasikan sekitar 20-25 persen dari dana Anda untuk amplop merah bagi anak-anak serta keluarga, termasuk orangtua. Apabila berkaitan dengan orangtua, Bunda dapat menyampaikannya melalui uang tunai maupun hadiah berupa benda tertentu.
 
 </li>
 <li>
 
 Uang sisa THR disisihkan sebagai tabungan harian dan cadangan darurat. Setidaknya dalam waktu tiga bulan mendatang, Ibu masih mempunyai dana simpanan yang berasal dari THR tersebut.
 
 </li>
</ul>

 
 Jadi, Bunda bisa memutuskan jumlah uang yang akan diserahkan kepada orangtua pada hari Lebaran mendatang.
 

<h2 id="asal-usul-thr-jadi-tradisi-di-indonesia">
 
 Keaslian Tradisi THR di Indonesia
 
</h2>

 
 Dilansir dari laman
 
 detikcom,
 
 THR telah hadir di Indonesia sejak tahun 1951 atau dengan kata lain saat era kepemimpinan Perdana Menteri Soekiman Wirjosandjojo.
 


 
 Saat itu, ketika THR baru saja diperkenalkan, aslinya berasal dari salah satu program tugas kabinet Soekiman yang diambil alih setelah ia dilantik pada bulan April tahun 1951 dan bertujuan untuk memperbaiki kondisi kehidupan pegawai negeri.
 


 
 Dimulai dari titik tersebut, kabinet Soekiman mengambil keputusan untuk memberikan insentif kepada anggota Pamong Pradja (yang sekarang dikenal sebagai PNS) di depan peringatan hari besar. Demikianlah cerita pendek tentang asal-usul THR yang masih berlanjut hingga masa kini.
 


 
 Namun demikian, sekarang istilah THR juga digunakan untuk merujuk pada amplop Lebaran yang diserahkan kepada keluarga, seperti orangtua, anak-anak, serta kerabat.
 

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 7 Tips Menyelesaikan Perselisihan bersama Suami/Istri di Saat Bulan Puasa Ramadhan
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 Mana Yang Harus Diprioritaskan Antara Memenuhi Kebutuhan Istri Atau Ibunya? Pahami Hukumannya Dalam Agama Islam
 </h5>
 </li>
 </ul>
 </div>
 </td>
 </tr>
</table>

 
 Berikut ini adalah jumlah tunjangan hari raya bagi para orangtua serta mengenai sumber dan sejarahnya. Mudah-mudahan informasi ini berguna, Bun.
 


 
 Bagi Bunda yang mau
 
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Berapa Jumlah THR yang Ideal untuk Orang Tua Setelah Menikah?

Memberikan Tunjangan Hari Raya (THR) telah menjadi kebiasaan di Indonesia pada masa peringatan Idul Fitri. Pasangan suami istri yang sudah...

4 Key Social Security Rule Updates Coming in April 2025

DIWIDA.NEWS economics, retirement, retirement planning, social security, social welfare

If you receive Social Security benefits, you have probably adjusted to your updated payments over the past few months due to the 2.5% cost-of-living adjustment (COLA) implemented in January. Typically, your benefit amount wouldn’t change for the remainder of the year. However, 2025 is turning out to be far from typical when it comes to Social Security.


 Four key changes are about to go into effect. Some could improve your life while others could lead to new headaches or may not affect you at all. But they're still worth keeping in the back of your mind in case you encounter them in the future.


 
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</div>
<h2>
 1. Increased benefits for countless seniors impacted by the Social Security Fairness Act
</h2>

 President Biden signed the
 Social Security Fairness Act
 During his last days in office, he eliminated two clauses that decreased benefits for retirees receiving pensions from non-Social Security-covered employers, impacting numerous firefighters, police officers, and teachers.


 Around 3.2 million recipients are impacted by this alteration in the rules, encompassing certain widows and widowers.
 spousal beneficiaries
 The legislation affects all benefits paid out after December 2023. Numerous qualifying elderly individuals were issued a single retroactive payment in March, which covered the outstanding benefits owed to them.


 Retirees who are impacted will experience a permanent boost in their monthly benefits as well. This change will mostly take effect with the April 2025 payment. Based on estimates from the Congressional Budget Office, the typical retired worker can expect an additional $360 each month. Meanwhile, spousal recipients will likely see an extra $700 per month, and those eligible widows or widowers should anticipate an average increase of approximately $1,190 every month.


 Nevertheless, certain intricate cases have remained beyond the capabilities of automation within the Social Security Administration. Should your situation fall into one of these categories, it might take up to a year to obtain the funds due to you under the Social Security Fairness Act. If you think this legislation impacts you and your payments in April 2025 mirror those from March, contact the Social Security Administration for further details.

<h2>
 2. Stricter identity confirmation regulations
</h2>

 Starting from April 14, 2025, the Social Security Administration will implement stricter identity verification processes aimed at enhancing protection of Social Security records and benefits from fraudulent activities. Individuals utilizing their
 my Social Security account
 To make alterations such as updating your address or changing your direct deposit information will go unnoticed.


 However, individuals who opt to submit their applications for benefits or modify them through alternative means will be required to go to a Social Security office personally. The only exceptions are people who are applying for Medicare, disability benefits, or Supplemental Security Income (SSI).


 With the updated regulations, you can start your Social Security application via telephone should you choose to do so. However, finishing the process requires visiting a local Social Security office in person to show your ID for verification purposes.


 The Social Security Administration offers an online resource that can assist you.
 find your closest field office
 This could perhaps benefit from a second look, despite your prior visits to a nearby Social Security office. Many governmental offices have shut down this year, which means the location you used to go to might now be inaccessible.


 If visiting in person isn’t preferable for you, think about setting up a My Social Security account if you haven’t done so yet. Initially, when establishing your profile, you will need to respond to several identity verification queries to confirm your authenticity. However, after completing these steps, you can access your information using just a username and password whenever updates are needed.

<h2>
 3. Accelerated implementation of direct deposit updates
</h2>

 Previously, altering the bank account where the Social Security Administration deposited your benefits took around 30 days. From now on, this process will be completed within just one business day.


 You have the option to update your direct deposit details through your My Social Security account. Alternatively, if you prefer not to make changes online, you can call them to request the modification up until April 14, 2025.

<h2>
 4. Go back to achieving a full 100% recovery rate for overpayments.
</h2>

 Occasionally, the Social Security Administration may make an error leading to excess payments to recipients. In such cases, they have the right to reclaim these funds through subsequent disbursements. However, under the Biden Administration’s guidelines implemented for 2024, the repayment rate has been limited to whichever is higher: either $10 or 10 percent of each payment received.


 If your typical monthly Social Security benefits amount to $2,000 but one month you receive $3,000, the Social Security Administration might deduct $100 from subsequent payments—so you would only get $1,900 per month—until they have recovered the excess $1,000.


 The administration under President Trump has restored the full overpayment recovery rate of 100%, which was applicable before 2024. This change impacts all fresh overpayments made starting from March 27, 2025. For those who incurred overpayments earlier than this date, the previous limit of a 10% recovery rate remains unchanged. Additionally, Supplemental Security Income (SSI) continues to enforce an overpayment recovery rate capped at 10%.


 This alteration implies that you might not receive any funds from Social Security for a period if you received excess payments previously. For retired individuals, this could pose challenges; some may have already used up the additional amount assuming there was no mistake.


 If losing your Social Security benefits due to overpayment recovery is not an option for you, reach out to your nearest Social Security office to ask for a reduced repayment rate. Additionally,
 appeal the overpayment decision
 The Social Security Administration might choose to exempt you from repaying an overpayment, letting you retain the additional funds, provided you demonstrate that the error leading to the overpayment wasn’t due to your actions and that you lack the financial means to repay it.


 Should you have any queries regarding these Social Security updates, it's advisable to reach out to the Social Security Administration directly.

<h2>
 The $
 
 22,924
 
 The Social Security benefit many seniors fail to notice.
</h2>

 If you’re similar to many Americans, you might be lagging several years—or even more—behind on saving for retirement. However, some lesser-known “Social Security strategies” may assist in increasing your retirement earnings. For instance: one simple tactic could provide an additional $
 
 22,924
 
 More every year! After mastering strategies to optimize your Social Security benefits, we believe you can retired assuredly, achieving the sense of security everyone seeks.
 Just click here to find out how you can learn more about these tactics.


 
 Check out the "Social Security secrets" »
 


 The Motley Fool possesses a
 disclosure policy
 .

4 Key Social Security Rule Updates Coming in April 2025

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 It's easy to associate
 collecting Social Security benefits
 When retiring, you have the option to continue working while collecting your benefits. This situation does present certain short-term challenges, yet these mainly hinge on the timing of when you first started receiving your benefits.


 If your birth date falls on or after January 2, 1960, your full retirement age is 67; however, you have the option to start receiving Social Security benefits earlier.
 as early as 62
 The "problem" when collecting benefits and still working prior to reaching full retirement age is that a part of your monthly Social Security Administration payout will be deducted. The important term here is "deducted"—it means the money isn’t permanently lost but rather set aside temporarily.


 Here, we’ll dissect what occurs when you earn income from employment and receive your retirement benefits concurrently, along with the modifications that will occur over time.


 To learn more, be sure not to miss the
 Social Security payment schedule
 and
 What actions should you take if your Social Security payment doesn’t arrive?
 .

<h2>
 What occurs if you receive benefits while also being employed?
</h2>

 If you're employed, receiving Social Security benefits, and under your full retirement age, your benefit amount will decrease. The SSA will deduct $1 for each $2 you earn over the yearly cap. In 2025, this limit is set at $23,400.


 The SSA's guide on
 How employment impacts your benefits
 provides a graph to help you understand the potential amount you could get, depending on your benefit sum and income.


 If you turn 65 in 2025, $1 will be deducted for every $3 over $62,160 that you earn. The Social Security Administration (SSA) will consider income only until the month prior to reaching your full retirement age; they won’t take into account your total yearly earnings. This is due to the fact that starting from the month when you attain your full retirement age, additional earnings will have no impact on reducing your benefits regardless of the amount you make.

<h2>
 Earning an income while collecting Social Security can boost your benefits at a later time.
</h2>

 If you earned wages and collected benefits prior to reaching your full retirement age, the Social Security Administration (SSA) will adjust your benefit amount starting from the month you turn that specific age. This adjustment provides compensation for the periods during which your benefits were reduced. Consequently, you have the opportunity to increase your benefit amount upon turning 67 by continuing to work before attaining full retirement age.


 There are alternative methods to increase your monthly benefit amount.


 Initially, when you file for Social Security retirement benefits, the SSA considers your highest-earning 35 years of work to calculate your monthly benefit amount.


 If you keep working and collecting benefits, and your income in 2025 surpasses that of any of the previous top-earning 35 years—one of those years would be substituted with your 2025 earnings, leading to an increased monthly benefit amount. Should your earnings fluctuate while you’re on benefits, it’s your duty to inform the Social Security Administration about any anticipated rise (or drop) in your yearly income.


 And finally, the beneficiaries can also consistently anticipate the benefits from it.
 Social Security cost-of-living adjustment (COLA) boost
 to increase their benefit amount, even if it is
 A small one, similar to what we see this year.
 .

<h2>
 What steps should I follow to apply for retirement benefits?
</h2>

 If you believe you're prepared to file for retirement benefits, you ought to begin by establishing a
 My Social Security account
 And locate the "apply for benefits" page. You can also refer to our guide on
 How to file for Social Security retirement benefits
 , too.


 To learn more about Social Security and retirement, be sure not to miss out on this additional information.
 aspects you ought to understand many years prior to your retirement
 .

Working During Social Security Retirement: Key Things You Need to Know

It's easy to associate collecting Social Security benefits When retiring, you have the option to continue working while collecting ...

5 Key Benefits You Can Claim Online via the Social Security Website

DIWIDA.NEWS employee benefits, retirement planning, social security, social services, social welfare

<img data-document-id="cms/api/amp/video/AA1xOcfs" data-reference="video"/>

 The Social Security Administration’s Public Affairs department remains dedicated to simplifying public access to its programs and benefits. Their website,
 SSA.gov
 provides a user-friendly method to submit an application for benefits via the internet.

<img data-document-id="cms/api/amp/image/AA1ym39A" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1ym39A.jpg">
 
 Interested in applying? Check out the current choices listed below:
 
 <h2 class="presto-h2 wp-block-heading">
 
 Retirement or spouse's benefits
 
 </h2>
 
 You must be at least 61 years and 9 months, and want your benefits to start in no more than 4 months. Apply at
 www.ssa.gov/retirement
 .
 
 <h2 class="presto-h2 wp-block-heading">
 
 Disability
 
 
 benefits
 
 </h2>
 
 You can utilize the online application at
 www.ssa.gov/disability
 to apply for disability benefits if you:
 
 <ul class="wp-block-list">
 <li>
 Are at least 18 years old.
 </li>
 <li>
 Cannot perform work duties due to a health issue anticipated to persist for at least one year or lead to death.
 </li>
 <li>
 Have not been denied disability benefits in the last 60 days. If your application was recently denied, you can appeal the decision online and request a review of the determination made. Please visit
 www.ssa.gov/apply/appeal-decision-we-made
 .
 </li>
 </ul>
 <h2 class="presto-h2 wp-block-heading">
 
 Supplemental Security Income (SSI)
 
 </h2>
 
 SSI offers monthly financial support to individuals of all ages, including both adults and children, who suffer from a qualifying disability or blindness, provided they demonstrate limited income and minimal assets. Individuals aged 65 years and above, regardless of whether they have disabilities, can qualify for SSI benefits as long as their income and resources fall below specific thresholds. Certain disabled adults meeting particular criteria might apply online for these services. For additional information, please refer to the official website.
 www.ssa.gov/ssi
 If accessing the website isn’t possible, you can dial 1-800-772-1213 to set up an appointment. (For those who are deaf or have trouble hearing, please use the TTY/TDD line at 1-800-325-0778 instead.)
 
 
 
 
 Retirement earnings:
 
 Can you live comfortably after retirement with just Social Security benefits? We posed this question to seniors.
 
 
 <h2 class="presto-h2 wp-block-heading">
 
 Medicare
 
 </h2>
 
 Medicare is a government health insurance program designed for:
 
 <ul class="wp-block-list">
 <li>
 Individuals who are 65 years old or more.
 </li>
 <li>
 Newer employees who have been receiving disability payments for two years.
 </li>
 <li>
 Individuals suffering from end-stage renal disease (ESRD) or amyotrophic lateral sclerosis (ALS). It's important to note that they are exempt from the two-year waiting period.
 </li>
 <li>
 If you haven’t started receiving Social Security benefits yet, you ought to apply for Medicare three months prior to your 65th birthday.
 www.ssa.gov/medicare
 Consider reviewing your Medicare choices even if you're still employed and have coverage from an employer group health plan (or your spouse’s employer health plan via their ongoing employment).
 </li>
 </ul>
 <h2 class="presto-h2 wp-block-heading">
 
 Additional assistance with Medicare prescription drug expenses
 
 </h2>
 
 The Extra Help program assists Medicare recipients with expenses related to prescription drugs, such as deductibles and copayments. Individuals enrolled in Medicare who require financial support for medication costs may apply for Extra Help.
 www.ssa.gov/medicare/part-d-extra-help
 .
 
 
 Kindly pass along this information to anyone who needs it.
 
 
 Kylle' D. McKinney serves as a Social Security Public Affairs Specialist in Alabama.
 
 
 The article initially appeared in the Montgomery Advertiser.
 The five advantages you can secure through the Social Security website are available for your use.
 
</img>

5 Key Benefits You Can Claim Online via the Social Security Website

The Social Security Administration’s Public Affairs department remains dedicated to simplifying public access to its programs and benefit...

Five benefits you can apply for on the Social Security website

DIWIDA.NEWS employee benefits, retirement planning, social security, social services, social welfare

<img data-document-id="cms/api/amp/video/AA1xOcfs" data-reference="video"/>

 Social Security Public Affairs continues to make it easier for the public to access programs and benefits. The website,
 SSA.gov
 , offers a convenient way to apply online for benefits.

<img data-document-id="cms/api/amp/image/AA1ym39A" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1ym39A.jpg">
 
 Want to apply? See below for the latest options:
 
 <h2 class="presto-h2 wp-block-heading">
 
 Retirement or spouse's benefits
 
 </h2>
 
 You must be at least 61 years and 9 months, and want your benefits to start in no more than 4 months. Apply at
 www.ssa.gov/retirement
 .
 
 <h2 class="presto-h2 wp-block-heading">
 
 Disability
 
 
 benefits
 
 </h2>
 
 You can use the online application at
 www.ssa.gov/disability
 to apply for disability benefits if you:
 
 <ul class="wp-block-list">
 <li>
 Are age 18 or older.
 </li>
 <li>
 Are unable to work because of a medical condition that is expected to last at least 12 months or result in death.
 </li>
 <li>
 Have not been denied disability benefits in the last 60 days. If your application was recently denied, you can appeal the decision online and request a review of the determination made. Please visit
 www.ssa.gov/apply/appeal-decision-we-made
 .
 </li>
 </ul>
 <h2 class="presto-h2 wp-block-heading">
 
 Supplemental Security Income (SSI)
 
 </h2>
 
 SSI provides monthly payments to adults and children with a disability or blindness who have limited income and few resources. People age 65 and older without disabilities who have limited income and resources may also be eligible for SSI.  Some adults with disabilities who meet certain requirements may complete the application process online. To learn more, visit
 www.ssa.gov/ssi
 . If you cannot visit the website, you can call 1-800-772-1213 to schedule an appointment. (If you are deaf or hard of hearing, you may contact the TTY/TDD number, 1-800-325-0778.)
 
 
 
 
 Retirement earnings:
 
 Is it possible to retire comfortably on Social Security alone? We asked seniors.
 
 
 <h2 class="presto-h2 wp-block-heading">
 
 Medicare
 
 </h2>
 
 Medicare is a federal health insurance program for:
 
 <ul class="wp-block-list">
 <li>
 People age 65 or older.
 </li>
 <li>
 Younger workers who have received disability benefits for 24 months.
 </li>
 <li>
 People with end-stage renal disease (ESRD) or Amyotrophic lateral sclerosis (ALS). Note: They do not have a two-year waiting period.
 </li>
 <li>
 If you are not already receiving Social Security benefits, you should apply for Medicare up to 3 months before turning age 65 at
 www.ssa.gov/medicare
 . You should consider your Medicare options even if you are still working and covered under an employer group health plan (or your spouse’s employer health plan through their active employment).
 </li>
 </ul>
 <h2 class="presto-h2 wp-block-heading">
 
 Extra help with Medicare prescription drug costs
 
 </h2>
 
 The Extra Help program helps Medicare beneficiaries with prescription drug costs, like deductibles and copays. People on Medicare who need assistance with the cost of their medications can apply for Extra Help at
 www.ssa.gov/medicare/part-d-extra-help
 .
 
 
 Please share this information with those who need it.
 
 
 
 Kylle’ D. McKinney is an Alabama Social Security Public Affairs Specialist
 
 
 
 
 This article originally appeared on Montgomery Advertiser:
 Five benefits you can apply for on the Social Security website
 
 
</img>

Five benefits you can apply for on the Social Security website

Social Security Public Affairs continues to make it easier for the public to access programs and benefits. The website, SSA.gov , offer...

41 U.S. States Where Social Security Is Tax-Free in 2025

DIWIDA.NEWS retirement, social security, social welfare, tax policy and law, taxes

<img data-document-id="cms/api/amp/image/AA1jARGU" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1jARGU.jpg"/>

 Social Security holds significant importance for numerous Americans.
 retirement
 In reality, 40% of Americans aged 65 and above depend on Social Security for more than half of their income.
 according to the AARP
 Moreover, the location where you reside can significantly impact the amount of your Social Security check that you actually get to retain.


 
 Be Aware:
 8 Frequent Errors Retirees Commit When Handling Their Social Security Payments
 


 
 Check Out:
 4 Minimal-Risk Strategies To Grow Your Retirement Fund in 2025
 


 Up to 85% of your Social Security benefits may be liable for federal tax based on your income level, and additionally, some states might impose their own income taxes on these benefits. The good news is that not all states do this.
 tax Social Security
 will shrink, with just nine expected to follow suit in 2025.


 "The roster of states that don’t impose taxes on Social Security is significantly more extensive than those that do," stated Brian Kuhn CFP, CLU, SVP and financial advisor.
 Wealth Enhancement Group
 And every state establishes its own regulations, which can vary over time, as has been seen lately in Missouri and Nebraska.


 In 2024, Missouri and Nebraska opted to eliminate taxes on Social Security benefits. Kansas followed suit halfway through the year after signing relevant legislation, making similar changes.
 The state will no longer tax Social Security moving forward.
 .


 Making passive income does not have to be complicated.
 You can begin this week.

<h2>
 Just 9 States Will Impose Taxes on Social Security in 2025
</h2>

 In 2025, only nine states will impose taxes on Social Security benefits. These states are:

<ul>
 <li>
 Colorado
 </li>
 <li>
 Connecticut
 </li>
 <li>
 Minnesota
 </li>
 <li>
 Montana
 </li>
 <li>
 New Mexico
 </li>
 <li>
 Rhode Island
 </li>
 <li>
 Utah
 </li>
 <li>
 Vermont
 </li>
 <li>
 West Virginia
 </li>
</ul>

 Kansas has been removed from this list, and West Virginia is gradually eliminating Social Security taxes, with no state income tax on Social Security beginning in 2026.


 "Every state includes tax rules that might offer deductions for people under specific income levels or age limits, which makes each one distinct," Kuhn explained.


 
 Learn More:
 I'm Retired and I Regret Taking Social Security at Age 70 — Here Are the Reasons
 

<h2>
 Many states will not levy taxes on Social Security benefits in 2025.
</h2>

 A majority of states, specifically 41 along with Washington, D.C., will not impose taxes on your
 Social Security benefits
 In 2025, according to existing legislation.


 These states are:

<ul>
 <li>
 Alabama
 </li>
 <li>
 Alaska
 </li>
 <li>
 Arizona
 </li>
 <li>
 Arkansas
 </li>
 <li>
 California
 </li>
 <li>
 Delaware
 </li>
 <li>
 Florida
 </li>
 <li>
 Georgia
 </li>
 <li>
 Hawaii
 </li>
 <li>
 Idaho
 </li>
 <li>
 Illinois
 </li>
 <li>
 Indiana
 </li>
 <li>
 Iowa
 </li>
 <li>
 Kansas
 </li>
 <li>
 Kentucky
 </li>
 <li>
 Louisiana
 </li>
 <li>
 Maine
 </li>
 <li>
 Maryland
 </li>
 <li>
 Massachusetts
 </li>
 <li>
 Michigan
 </li>
 <li>
 Mississippi
 </li>
 <li>
 Missouri
 </li>
 <li>
 Nebraska
 </li>
 <li>
 Nevada
 </li>
 <li>
 New Hampshire
 </li>
 <li>
 New Jersey
 </li>
 <li>
 New York
 </li>
 <li>
 North Carolina
 </li>
 <li>
 North Dakota
 </li>
 <li>
 Ohio
 </li>
 <li>
 Oklahoma
 </li>
 <li>
 Oregon
 </li>
 <li>
 Pennsylvania
 </li>
 <li>
 South Carolina
 </li>
 <li>
 South Dakota
 </li>
 <li>
 Tennessee
 </li>
 <li>
 Texas
 </li>
 <li>
 Virginia
 </li>
 <li>
 Washington
 </li>
 <li>
 Wisconsin
 </li>
 <li>
 Washington, D.C.
 </li>
 <li>
 Wyoming
 </li>
</ul>
<h2>
 How Much do Retirees Save on Social Security Taxes in Those States?
</h2>

 Kuhn pointed out that you can calculate how much you’re saving on taxes — assuming you live in a state that does not tax Social Security benefits — by looking up the effective rate of tax you paid to your state for all taxed income sources and applying that to your total Social Security benefits.


 "For instance, if your effective tax rate in your state was 5% and you received $30,000 in Social Security benefits, this would result in savings of $1,500," explained Kuhn.


 This rule, however, doesn’t cover every scenario. Even within states where Social Security income is taxable, not everybody faces the complete tax burden. Take Colorado as an instance; people aged 65 years and above could exempt federal taxes on their Social Security from state taxation starting in 2022. By 2025, this total exemption will extend to those between 55 and 64 years old whose yearly adjusted gross incomes do not exceed $75,000 individually or $95,000 collectively when married and filing jointly.


 Therefore, it's crucial to examine the particular regulations of your state along with your individual tax circumstances.


 Nevertheless, when looking at the overall picture, the savings accumulated by retirees who do not pay taxes on their benefits are quite remarkable.


 “For example, in Missouri, retirees stand to collectively save about $309 million annually,” stated Jeff Rose, CFP, who is the founder of
 Good Financial Cents.
 In Nebraska, the amount is around $17 million. This significant sum stays with retirees rather than getting absorbed by state taxes.


 
 Jake Safane
 were involved in the research and writing of this piece.
 


 
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 The piece initially surfaced on
 :
 41 States That Don't Impose Taxes on Social Security Benefits in 2025

41 U.S. States Where Social Security Is Tax-Free in 2025

Social Security holds significant importance for numerous Americans. retirement In reality, 40% of Americans aged 65 and above depend o...

Can You Retire Comfortably with Just Social Security? Here’s What Seniors Say

DIWIDA.NEWS personal finance retirement, retirement, retirement planning, social security, social welfare

Can one maintain a comfortable lifestyle during retirement relying solely on Social Security benefits?


 Yes and no.


 Alden and Dena Swartz receive approximately $4,000 each month from Social Security, the federal initiative meant to assist Americans during their golden years. Despite this, they find themselves facing difficulties.


 
 Begin your day with more knowledge. Receive all essential news directly in your inbox every morning.
 


 Gail Randle along with her partner, Mike DellaVolpe, receive just $2,400 monthly from their Social Security benefits: approximately $30,000 annually. Despite this income, they manage to get by adequately.


 We are thrifty folks," explained Randle, who is 73 years old. "Pretty much everything in our home has been reused or salvaged. You know, stuff we got from thrift stores. But it all looks good and functions well.


 Social Security was not designed to cover the entire expense of retirement. Typically, the benefits provide only a portion of what retirees need.
 covers about 40%
 A worker’s pre-retirement income is part of this concern. The amount might decrease further as the Social Security system expects a funding gap by 2035, says the Congressional Budget Office. President-elect Donald Trump suggests eliminating taxes on Social Security benefits, potentially draining the fund even more.
 two years sooner
 .


 The majority of Americans believe you require at minimum
 $1 million
 At the bank, above Social Security benefits, for a comfortable retirement. Financial institutions and media narratives endorse this mindset: Aim to save
 10 times your yearly salary
 Before you step down from your job, popular advice recommends, if you wish to maintain your current standard of living.


 However, the issue remains: The majority of Americans do not come close to saving this amount. According to data from the federal Survey of Consumer Finances, families aged between 65 and 74 who have a retirement account typically accumulate around $200,000. This figure applies only to roughly half of these household units.
 own retirement accounts altogether
 .


 So, here’s the question: How are those individuals faring?


 Just fine, says
 Andrew Biggs
 , a senior fellow at the American Enterprise Institute think tank. He wrote an essay that
 went viral this year
 He argues that you can achieve retirement with significantly less than $1 million saved; according to him, having between $50,000 and $100,000 in your nest egg should suffice.


 Biggs cites another federal document, the Survey of Household Economics and Decisionmaking, as evidence. This survey queried retirees between the ages of 65 and 74 about their financial management. Approximately 85% reported that they were handling their finances adequately.


 Once people retire, "they significantly reduce their spending," according to Biggs. "Much of the hustle and bustle associated with work tends to diminish once retired."


 To put this idea to the test, USA TODAY contacted retired individuals nationwide who primarily rely on Social Security income and asked about their experiences. Assistance for this effort was provided by the
 r/retirement community
 On Reddit, where its 83,000 members frequently discuss these topics.


 This is what we were informed.

<h2 class="presto-h2 wp-block-heading">
 'I've put in tremendous effort throughout my entire life.'
</h2>

 Gail Randale’s strategy for enjoying her retired life heavily involves avoiding difficulties.


 “She stated, ‘I abstain from alcohol, I don’t smoke, we stay out of trouble so we’re not arrested or end up in jail,’ adding that we also avoid getting into disputes with others.’”


 Randle enjoyed an extensive career in the Army and Army Reserve, where he served as both a colonel’s clerk and a general’s driver. He also ventured into property management and occasionally worked nights as a cocktail waitress. During his last 16 years of full-time employment, he ran a retail business. "An adult one," he specified. "Selling clothing for strippers."


 In 2016, when she reached the age of 65, she decided to retire. She believed that she had earned it.


 I've put in immense effort throughout my life, often juggling two or even three jobs," she stated. "Adding the commitment to the Army Reserves only made it more challenging.


 Despite all her efforts, Randle has managed to save just $2,000 for her retirement. Her sole income source is a small annuity providing roughly $500 monthly, which will cease in a few years.


 Thus, Randle and her partner, Mike DellaVolpe, aged 82, primarily rely on Social Security for their survival. Their total monthly benefit amounts to approximately $2,400.


 The funds stretch further than you'd imagine.


 Before retiring, Randle mentioned, "I implemented several changes to simplify my future." She explained, "We decided it was necessary to acquire a new vehicle and refurbish our swimming pool." This year, she successfully cleared her mortgage of $82,000 for her residence in Clearwater, Florida.


 She has two adult children who are self-sufficient. Both she and her companion like to live frugally.


 “She mentioned that they are quite thrifty,” she explained. “Whenever they see those menu options, they think, ‘This is outrageous. There’s no way we’ll spend that much when we could easily cook something nicer ourselves.’”


 During their most recent outing for dinner, Randle remembered saying, "I ordered a small pizza for $11, and Mike went for an Italian beef which also cost $11." The total amount they paid came to $23.


 “She mentioned they have a spot they visit for breakfast. It’s run by Greeks, so you can be sure it’s excellent, with the meal costing $6.50.”

<h2 class="presto-h2 wp-block-heading">
 'I never intended to age.'
</h2>

 Surviving on Social Security is one challenge. Thriving comfortably is an entirely different issue, as Alden and Dena Swartz have discovered.


 Alden Swartz held a favorable position at a company dealing with packaging products, where his role involved collaborating with a group focused on selling packaging machinery: "For instance," he explained, "anything related to producing a bottle of ketchup and ensuring it could be shipped safely."

<img data-document-id="cms/api/amp/slideshow/BB1jSif0" data-reference="slideshow"/>

 In 2019, the company underwent restructuring, "and as a result, I was moved out of my role," Swartz stated. He decided to retire when he reached 64 years old.

<img data-document-id="cms/api/amp/image/AA1uF4Yk" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1uF4Yk.jpg"/>

 Everything appeared fine. The Swartzes received more than $3,000 per month from their Social Security benefits. They resided in an impressive mansion: a 4,800-square-foot, burgundy brick Italianate gem constructed in 1859 located in Lafayette, Indiana. Having purchased it during a downturn in the real estate market, they invested substantial funds into refurbishments. Their regular mortgage payment amounted to $1,180.


 Next, life intervened. The Swartzes discovered they were going to become grandparents for the first time. This joyful news came from South Korea.


 Their daughter got married to a South Korean man and settled down there. Determined not to miss this joyous occasion, the Swartz family shifted their base to South Korea in 2019, making sure they were present for the birth.


 The housing system operates quite distinctively in South Korea. Since the Swartz family was looking at staying for a considerable period, they opted to lease an apartment instead. For this arrangement, they needed to put down a deposit of $100,000, even though the monthly rent came out to just $900. In order to gather these funds, the Swartzes decided to sell their cherished house.


 When the pair departed from South Korea earlier this year, they recovered their deposit; however, it amounted to $28,000 less due to the US dollar appreciating against the South Korean won.


 When they came back to the United States, the Swartzes discovered that house prices in Lafayette had skyrocketed, and interest rates had become twice as high.


 And when you put all these elements together," Swartz stated, "it becomes impossible for us to recreate what we originally had before we departed.


 The pair had no choice but to lease. Currently, they are obligated to pay $1,800 each month for a more modest dwelling located in a less affluent neighborhood.


 "I'm more concerned about the safety of the neighborhood than I am about the downsizing," Swartz stated.


 For the relocation, the couple sold all of their furniture and has now equipped their rented place with affordable purchases from Facebook Marketplace. Nearly every item is second-hand.


 Nevertheless, the Swartz family's finances appear uncertain. Their combined monthly income includes $3,890 from Social Security and $240 from two modest pensions. However, they spend at least $2,200 each month on rent and utility bills, which amounts to over half of their earnings.


 To make ends meet, the couple needed to use their modest emergency savings fund. Although each of them has an IRA, they've refrained from withdrawing anything from these accounts, "since they're relatively small," totaling around $40,000 collectively, as Alden Swartz mentioned.


 We'll need to decide this coming spring what course of action to take, otherwise I will keep depleting our savings," he stated. "Furthermore, I can't find any means to replenish those funds.


 Swartz mentioned he might attempt to secure a part-time position at Starbucks. He and his spouse maintain a modest lifestyle.


 We rarely dine out since we prefer our homemade meals," he stated. "Our travels will now focus solely on attending family gatherings." In previous times, this pair explored Europe and South America and even sailed through the South Pacific, however, those adventures won't be part of their plans anymore.


 Swartz spent his childhood on a farm operating tractors, hence such hardships do not cause him much pain.


 "I've led a fantastic life. I have an amazing family," he stated.


 However, he blames himself for failing to amass a bigger retirement savings during his working years.


 There isn’t anyone truly to blame for our present financial shift except myself," he stated, "since I knew I would never grow old.

<h2 class="presto-h2 wp-block-heading">
 'We really don’t require much.'
</h2>

 After 14 years of enjoying their retirement, Suzanne and Susie Leedy can confirm that it is indeed feasible to live on just Social Security.


 In 2010, Suzanne left her position in the real estate sector. Susie, who works as a registered nurse, deals with multiple sclerosis and has received disability benefits since 2008.


 They possessed some savings, yet neither individual owned a retirement savings account. Instead, they had a history of employment. Together, their monthly Social Security benefits amounted to $4,500.


 "I am deeply grateful that our careers positioned us at the upper tier" of Social Security earnings, Suzanne Leedy stated. The typical benefit check amounts to
 about $1,900
 .

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 After retiring, the Leedys resided in Alexandria, Virginia, which is an upscale, expensive suburb of Washington, D.C.


 "My mother was 92 years old, and we realized that she needed to live with us because she couldn't manage on her own anymore," Suzanne Leedy stated. "At that time, I made up my mind to leave Northern Virginia" in pursuit of a more affordable place to live.


 Suzanne's parents possessed a timeshare at Massanutton, a resort close to Shenandoah National Park. They chose to relocate there, and Suzanne's mother consented to join them.


 Susie Leedy’s mother passed away one year following the relocation, and Mom died only two months after we moved. The partners came into possession of sufficient funds to purchase a house and permanently establish themselves in rural Virginia.


 "As it turned out, it was precisely sufficient to purchase the house," Suzanne Leedy stated. They acquired it with cash.


 The pair adapted to living within their new financial limits.


 I believe travel was the first activity we had to eliminate," Suzanne Leedy stated. Susie was from England, and Suzanne had intended for her to experience "as much of the United States as possible." She mentioned, "We went on trips to the West Coast, visited Olympic National Park, things like that.


 Leedy mentioned, "We also got rid of our second car. We recognized that whenever we ventured out, we were always going together."


 She mentioned, "In the past, they would dine out perhaps once every seven days. However, nowadays, they prefer hosting friends at home for meals or visiting others instead. They believe this new routine has improved their diet quality significantly, plus added much more enjoyment."


 Four years back, money became more strained for them after Susie suffered a stroke. Currently, the pair deals with continuous healthcare costs. Nonetheless, they manage to scrape by.


 At a certain stage, you come to understand that I'm 79 years old," Suzanne Leedy stated. "We don't require much anymore. Our lives are quite pleasant, and we have plenty of wonderful friendships.

<h2 class="presto-h2 wp-block-heading">
 'I'll always have a place to stay'
</h2>

 Sheri Makasini’s experience with retirement might serve as a perfect example in textbooks, showing that numerous Americans find it impossible to live solely on Social Security benefits, even within the confines of a trailer park.


 Makasini, who is 68 years old, had a house in an Florida RV park. However, her monthly Social Security benefit of $1,800 wasn’t enough for her to maintain ownership. The cost of renting the land where her home stood amounted to over $800 per month, not including the loan installments for the property itself.


 She listed her mobile home for sale and succeeded in selling it even while taking time out for interviews with USA TODAY. After settling the loan, she will net around $12,000.


 Makasini lives now with her daughter in Euless, Texas. Daughter Michelle Makasini makes a good living as a social media manager for the Hilton hotel chain.


 I feel fortunate since she believes in taking care of her parents,' Sheri Makasini stated. 'This means I'll never end up homeless.'

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 Makasini dedicated her professional life to the airline catering sector. She began her journey in this field as
 Air 1
 One among many new airlines that emerged and disappeared following the deregulation of the industry during President Ronald Reagan’s tenure in the 1980s. Later, she was employed by US Airways, American Airlines, and various other aviation companies.


 In 2000, Makasini’s life trajectory was altered due to a divorce. She single-handedly brought up her daughter without receiving any form of child support. The turbulent nature of the aviation sector, marked by mergers and closures, led to periods of unemployment for her. This situation compelled her to use all her limited 401(k) retirement funds merely to make ends meet.


 In 2012, Michelle Makasini gave birth to a child, and Sheri found herself grappling with the challenge of supporting her daughter along with her grandson. During this period, Michelle was making $11 per hour.


 Sheri Makasini opted for Social Security as soon as possible when she turned 62.


 I had no alternative source of income," she explained. "If I had waited until I was 65 or 67, it would've been around $2,100 to $2,200 per month. Currently, though, I receive about $1,600 monthly post-Medicare deductions: 'It’s not substantial.'


 Michelle Makasini has proposed constructing an in-law suite for her mother on her land, but this might not happen for several years. Until then, Sheri Makasini intends to move to Missouri to stay closer to some of her brothers and sisters. Currently, she is awaiting placement on a waitlist for a senior citizen subsidy apartment. The rent for such accommodation would amount to approximately $800 per month, which equates to around half of her monthly Social Security benefit.


 “She mentioned that merely surviving isn’t ideal. However, that’s how things stand at the moment.”

<h2 class="presto-h2 wp-block-heading">
 'I prefer not to dine out. I enjoy cooking.'
</h2>

 By the time she reached 64 years old, Patricia Douglas has gained extensive experience in surviving on Social Security and managing her budget.


 At the age of 52, Douglas had to retire prematurely from his role as a medical analyst at a hospital in New Orleans due to heart issues. His monthly pension began at approximately $900.


 It wasn't easy at the beginning," she remarked. "The paycheck was very small.


 Currently, Douglas gets approximately $1,100 each month from Social Security disability benefits. When she reaches 65 next year, Douglas will start receiving her Social Security retirement benefits as well as the majority of the benefits that were intended for her late spouse. Her husband passed away in 2009.


 She will feel prosperous at that time. To what extent, she isn’t sure; Douglas mentions she hasn’t managed to figure out how to use the Social Security website to check her benefits.


 For the time being, she manages.

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 It’s difficult to understand how Douglas manages to meet all her financial obligations with just her $1,100 Social Security check having to stretch over her $1,000 mortgage payment. She relies on food stamps for assistance. Each day she dedicates about six hours volunteering at Catholic Charities, which compensates her modestly—approximately $100 per week along with some additional expenses.


 “She mentioned that she looks out for anything that’s free,” he stated. "And if something isn’t completely free, it’s almost free." Douglas spends just ten dollars monthly on her internet service via a Cox offer designed specifically for lower-income U.S citizens. Her television setup includes a Roku device and she exclusively watches content that doesn’t cost extra. The exception to this budget-friendly approach is her subscription to Amazon Prime.


 I prefer cooking at home rather than eating out," she stated. "Given that it's only me, I've reduced my portion sizes. A bowl of cereal satisfies me completely. Similarly, a peanut butter and jelly sandwich is enough for me.

<h2 class="presto-h2 wp-block-heading">
 'We earned $150,000, we also spent $150,000'
</h2>

 For Ken and Kathy Larson, a cozy retirement has revolved around scaling down.


 The pair possessed a residence along the Fox River in Batavia, Illinois, which is near Chicago. His income reached upwards of $150,000 annually, including bonuses, courtesy of his work at Hewlett Packard Enterprise in the IT sector. The Larsons were frequent travelers.


 "We earned $150,000, and we also spent exactly the same amount," Ken Larson stated.


 Larson kept a calendar page from June 2019 pinned above his desk for amusement. This particular month marked when he intended to step down at the age of 65. On June 1st, as a joke, he penned "Company eliminates pension." Then, on June 5th, he added humorously, "Social Security put on hold by U.S." By June 10th, under playful pretense, he noted, "The firm lets go of Kayo," referring to himself with his work moniker. Finally, on June 15th, still in jest, he wrote, "Kayo calls it quits."


 "It was incredibly amusing for all who passed by," Larson stated.


 However, as the deadlines drew near, several of those lighthearted forecasts began materializing. His firm switched their workplace pension plan to a 401(k) system instead. The eligible age for Social Security retirement gradually increased. Even Social Security appeared less secure than before. Consequently, Larson rescheduled his intended retirement year to 2021.


 His professional journey came to an end in late 2020. The organization chose to let go of one member from his group. Larson stepped forward; he was merely months away from retiring. His severance package bridged the financial gap between 2020 and 2021.


 After that, the Larsons reduced their expenses by half.

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 They transitioned from their large riverside home to a more modest one situated on just about a third-acre located a few streets over. "There was no way I could maintain two acres of lawn during my retirement," Larson mentioned. As a result, their yearly property taxes were reduced significantly from $14,000 down to $6,000. Additionally, they decided to let go of one of their two family vehicles.


 Ken Larson retired and is receiving his full Social Security benefits, while Kathy gets half of what her spouse receives as a spousal benefit. Together, they rely on approximately $5,400 per month—or about $65,000 annually—from their combined Social Security payments. Additionally, they receive several hundred dollars each month from supplementary sources like Ken's former employer’s pension plan.


 The pair has around $800,000 saved up in their IRAs along with additional investment funds. Although they've taken out small amounts tentatively, they haven't been using this money as part of their regular income.


 Starting from now, the Larasons intend to reduce their traveling.


 We recently returned from Austin, Texas," Ken Larson stated, "where we attended my niece's wedding. The trip likely cost us around $1,500, which was manageable within our means. We were able to fit this expense into our budget.

<h2 class="presto-h2 wp-block-heading">
 'I'm completely fine'
</h2>

 For an individual moving from a lucrative career to a humble retirement, a Social Security check can make a significant difference.


 Jean Hullihan served as an intelligence analyst for the federal government, where she earned a six-figure income towards the conclusion of her career. In 2023, upon retiring at the age of 67, she began receiving a monthly Social Security benefit totaling $4,200.


 That's less than half of what Hullihan made in her role as an intelligence officer. She figured it wouldn't be sufficient to support herself.

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 “What I had read before retiring led me to believe that it wasn’t feasible,” she stated.


 Hullihan sold her condominium in Northern Virginia and purchased a modest house in Louisville, Kentucky, close to two of her adult offspring. When she retired, she got into her Honda CR-V and headed toward her new residence, curious to see how her financial plan for retirement would fare.


 When the initial Social Security check came through, Hullihan recognized that things were going well for her. The amount allocated each month towards her mortgage stands at approximately $980, which amounts to less than a quarter of her Social Security income. She also spends around $100 on utilities every month.


 “A year and a week has passed, and I haven’t faced any difficulties,” she stated. “Whenever I hear someone say, 'I cannot survive on Social Security,' I wonder, why not?”


 Hullihan earned sufficient funds from selling her condominium that she anticipates clearing her mortgage in Louisville within a few years.


 She possesses a substantial retirement fund, yet she has not withdrawn any funds from it and does not intend to do so. Instead, she is considering placing this money into a trust with the belief that "Medicaid won't be able to claim it." However, under Medicaid regulations, she would first have to deplete her savings before becoming eligible for healthcare coverage benefits.


 Hullihan is currently spending less money than when she was employed, which she believes is due to the more relaxed tempo of her retired life.


 “I ceased purchasing clothing and footwear along with everything else I would typically buy,” she stated. “In the past, if I spotted a nice pair of shoes, I wouldn’t hesitate to purchase them.”


 Twice weekly, she prepares dinners for her children and joins her friends for meals out from time to time. Her workload includes assisting a pal with a side gig for about ten hours each week; primarily done as a courtesy since financial gain isn’t necessary here.


 The article initially appeared on USA TODAY:
 Can you retire comfortably relying solely on Social Security benefits? We posed this question to seniors.

Can You Retire Comfortably with Just Social Security? Here’s What Seniors Say

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