Oct. 12 Is a Big Day for Social Security Recipients. Here's Why

Oct 4, 2023 · All told, Oct. 12 is apt to be a big day for anyone who collects Social Security. In addition to a 2024 COLA announcement, the SSA will put out a fact sheet on other changes to the program, like ...

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October 12 Is A Big Day For Social Security Recipients. Here

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Oct 4, 2023 · Seniors on Social Security were thrown a major bone at the start of 2023, when their benefits rose 8.7%. That cost-of-living adjustment, or COLA, was the largest one to arrive in …

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Why October 12 Is A Big Day For Social Security Recipients

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Oct 8, 2023 · Seniors on Social Security were thrown a major bone at the start of 2023, when their benefits rose 8.7%. That cost-of-living adjustment, or COLA, was the largest one to arrive in …

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All Social Security Retirees Should Do This By Nov. 20

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5 days ago · The Social Security program has many complex rules. The cost-of-living adjustment for 2025 is going to be 2.5%. Knowing how much you will receive next year can help you …

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FAQs about Oct. 12 Is a Big Day for Social Security Recipients. Here's Why Coupon?

Why is Oct 12 a big day for Social Security recipients?

Oct. 12 Is a Big Day for Social Security Recipients. Here's Why Oct. 12 is when the Bureau of Labor Statistics is scheduled to release September's Consumer Price Index. The data that report contains will dictate what raise Social Security recipients get in 2024. Next year's cost-of-living adjustment is expected to be much lower than 2023's. ...

When is the most important day of the Year for Social Security?

According to the BLS release schedule, the most important day of the year for Social Security will occur on Thursday, Oct. 12, 2023, at 8:30 a.m., ET. In other words, have the coffee pot handy, especially if you live on the West Coast. Why October? As noted, readings from the third quarter are what matter for Social Security's COLA calculation. ...

Will the SSA update Medicare premium costs on Oct 12?

So all told, seniors will need to wait on not just an announcement from the SSA on next year's COLA, but also for an update on Medicare premium costs. All told, Oct. 12 is apt to be a big day for anyone who collects Social Security. ...

When should social security retirees Mark Nov 20?

Now, with the year winding down, all Social Security retirees should mark Nov. 20 as another date to remember. Here's why. In October, the Social Security Administration (SSA) announced the COLA for 2025. Each year, benefits are increased to help maintain purchasing power with inflation. ...

When do Social Security benefits come out?

For instance, retirees know that they will receive their monthly benefits on a Wednesday, depending on when their birthday is, and that the annual cost-of-living-adjustment (COLA) usually comes out in early to mid-October. Now, with the year winding down, all Social Security retirees should mark Nov. 20 as another date to remember. Here's why. ...

What does the 2024 Cola announcement mean for Social Security?

In addition to a 2024 COLA announcement, the SSA will put out a fact sheet on other changes to the program, like what the wage cap looks like and what the earnings test limit will entail for Social Security recipients who work and collect benefits at the same time. ...