Americans Have Just Weeks Left Until New Social Security Rule Goes into Effect [Video]
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Small Business Lifestyle

Americans Have Just Weeks Left Until New Social Security Rule Goes into Effect [Video]

A change to Social Security applications is going into effect at the end of the month.

About 70 million people receive Social Security payments every year, with some qualifying for Supplemental Security Income (SSI) if they’re disabled or senior Americans who meet certain eligibility requirements. One of the eligibility requirements stipulates that Americans cannot earn more than $1,971 in income per month to qualify for the payments. However, that rule is changing slightly.

Starting September 30, food benefits will no longer be considered in the eligibility income for SSI. That means programs like the Supplemental Nutrition Assistance Program will no longer be able to bar an individual from getting Social Security payments.

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A sign outside a Social Security Administration building on November 5, 2020, in Burbank, California. A new change goes into effect for SSI recipients September 30. VALERIE MACON/AFP via Getty Images

“The decision to not count food benefits …

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Pete Tychsen, President & Founder of Preservation Financial Group Interviewed on the Influential Entrepreneur Podcast Discussing Having a Retirement Income Plan in Writing [Video]
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Pete Tychsen, President & Founder of Preservation Financial Group Interviewed on the Influential Entrepreneur Podcast Discussing Having a Retirement Income Plan in Writing [Video]

Pete Tychsen discusses having a retirement income plan in writing  Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/pete-tychsen-president-and-founder-of-preservation-financial-group-discussing-having-a-retirement-income-plan-in-writing/ Pete Tychsen, the president and founder of Preservation Financial Group. They discuss the importance of having a retirement income plan in writing, emphasizing that while knowledge is powerful, it needs to be put into […]

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