Social Security Payment Schedule for September 2024

Social Security Data Breach

In addition to that, if you didn’t hear, Social Security had a major data breach that left potentially millions vulnerable. We’re hearing the entire US and Canada billions of records were leaked.. Anybody with a Social Security number, you are potentially vulnerable. Now, we’ve taken precautionary steps to protect ourselves, but if you haven’t done something, please do so.

Five Social Security Changes Coming in 2025

Going to cover that in a little bit of detail here and also be sure to stick around to the end because if you didn’t hear, there are going to be five Social Security changes coming in 2025 regardless of who wins the November presidential elections.

Take a look at this: 42% of Americans say that Social Security is their top financial priority in the ’24 elections. Let me know your thoughts—is this going to be influencing who you vote for if one of the candidates prioritizes Social Security? 

As we look ahead to 2025, several significant changes are expected in Social Security, regardless of the outcome of the November presidential elections. Here’s what you need to know:

1. Cost of Living Adjustment (COLA): With inflation at high levels, expect a noticeable change in the COLA for 2025.
2. Taxation Adjustments: Discussions around eliminating double taxation on Social Security benefits are gaining traction.
3. Enhanced Benefits for Low-Income Retirees: Potential increases in benefits for those with limited income are being considered.
4. Changes in Eligibility Age: There could be adjustments to the eligibility age for certain Social Security benefits.
5. Improved Online Services: Expect enhancements to the Social Security Administration’s online services, making it easier for beneficiaries to manage their accounts.

September 2024 Payment Schedule

Category	Details
Key Social Security Payment Dates for September 2024
For those enrolled in Social Security before May 1997:	Payment Date: September 3, 2024 (Tuesday)
For those enrolled after May 1997:	Birthdays between the 1st and 10th: Payment on September 11, 2024 (Second Wednesday)
	Birthdays between the 11th and 20th: Payment on September 18, 2024 (Third Wednesday)
	Birthdays between the 21st and 31st: Payment on September 25, 2024 (Fourth Wednesday)
For those receiving both Social Security and SSI:	SSI Payment: August 30, 2024 (Friday, due to September 1st being a Sunday)
	Social Security Payment: September 3, 2024 (Tuesday)
Important Security Alert: Protecting Your Social Security Number
Freeze Your Credit:	Prevents anyone from opening new accounts in your name.
Set Up Credit Monitoring:	Alerts you to any suspicious activity on your credit report.
Place a Fraud Alert:	If your information has been compromised, this adds an extra layer of protection.
Managing Your Finances with Social Security Payments
Direct Deposit:	Ensures your payments go directly into your bank account, reducing the risk of lost or stolen checks.
Monthly Budgeting:	Track your expenses and income sources, including Social Security, to manage your finances effectively.
Cost of Living Adjustment (COLA):	Stay informed about the annual adjustment based on the Consumer Price Index, which affects your benefits.
Medicare Part B Premium:	Be aware of how much will be deducted from your Social Security check.

Payment Details

Now you know exactly when your Social Security money is going to come in September. Remember that if you do not have direct deposit, it will take a few days for the money to appear in your checking account. The maximum payments for Social Security right now are:

• Disability: $3,823 per month
• Full Retirement: $3,820 per month
• Early Retirement: $2,700 per month
• Retiring at 70: $4,875 per month

Social Security Data Breach Details

This article came out just a couple of days ago and it says that hackers reportedly stole billions of records from the National Public Data (NPD), a company used for background checks. Now many people, especially seniors, are left wondering how to protect themselves from potential identity theft. I know that I’ve already seen suspicious activity on my accounts; however, we have precautionary measures set in place.

According to CBS News, the stolen data was posted on a free hacking forum, making it accessible to anyone. Here’s a couple of steps to protect yourself. Experts recommend several immediate steps for anyone who believes that their information may have been compromised:

1. Freeze your credit with one of the major credit bureaus—Equifax, Experian, or TransUnion—to prevent new accounts from being opened up in your name.
2. Monitor your credit reports regularly for any suspicious activities.
3. Consider using Identity Theft Protection Services to add an extra layer of security.

Compromised Information

If you’re wondering what exactly was compromised, here’s an article that came out from CNBC that says the information breached may have included your Social Security number, your name, your email, your phone number, and your mailing address. This is from the National Public Data’s website, so that is exactly what was hacked.

A third-party bad actor may have hacked into the data in December. This was a while ago, but now this is starting to come out with potential leaks of information in April and over the summer. They had hacked it before; now they are releasing it, and people are getting access to this information. The company said on its website, that National Public Data did not return a request for comment by press time. As cyber professionals dig into the breach data, they’re finding that not all of it is accurate, and much of the information is already available. The reality is there’s nothing new in this data that has been put out there. Still, experts say news of the breach is a great reminder to protect your personal information.

Upcoming Social Security Changes in 2025

A lot of people are wondering what some of the major changes are going to be coming to Social Security as we enter into 2025. Well, I cover five of them in detail for you.

Cost of Living Adjustment and Taxation

A lot of people are also wondering, anticipating as we approach October and November, what’s going to be happening with the cost of living adjustment. Inflation seems to be at record highs; it’s absolutely destroying people trying to make it day to day. They can’t even afford groceries. What’s going to happen with the adjustment in the cost of living?

Also, regarding taxation, we hear that former President Donald Trump is saying that he wants to eliminate double taxation. He says we pay when we collect income into Social Security, but you also pay taxes to a lot of people when they pull out of Social Security as well, and he’s saying this is not right. It’s double taxation; we need to eliminate that.

what will be changing regardless of whether it’s Donald Trump or Kamala Harris who becomes the President of the United States here in November? So we’re going to be seeing what happens, what unfolds with cost of living adjustments, the presidency, and taxation. A lot of these things are on the top of people’s minds.

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