In 2023, the maximum benefits for an individual living alone and with no Countable Income equaled $914 monthly ($10,968 annually). For a couple, the maximum was $1,371 per month ($16,452 annually). Countable Income lowers the benefits generally fifty cents per dollar of income from wages...
[Updated for projected 2024 Increase]Soaring inflation and related Fed rate hiking actions had a silver lining for many eligible recipients in 2023, with a8.7% increase(~$145 p/month) in Social Security (SS) benefits and Supplemental Security Income (SSI) payments in...
Taking out a HELOC is typically the best way to draw on your equity as a retiree, though many lenders will want to see total debts at a maximum of 43% of your income, which includes your SSI. Regardless, taking out a ...