Social Security Recipients Will Receive Enhanced SSA Benefits in 2022

The average SSI amount has increased by $34 this year; the new amount is $621 per month. The Social Security beneficiaries will receive $7,452 per year. The maximum Supplemental Security Income (SSI) is $841 per month and $10,092 in a year. The eligible individuals, including disabled children and adults, will have income below the threshold … Read more

Retirees Can Have A Fixed Income Source Without A 401(K) Or IRA: Know Details

Retirees often need an extra income source besides their retirement benefits. The majority of retirees draw their income from the Social Security benefits. The monthly checks provide a monthly amount for eligible beneficiaries. GO BankingRates reports that nearly 40% of US citizens benefit from Social Security. Individuals qualify for the retirement benefits after 62; however, … Read more