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hey everyone welcome back this is your
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latest update on Social Security
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payments for March and there are some
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important developments you need to know
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about while most payments are being
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issued as scheduled some people are
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reporting delays and SSA Workforce Cuts
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continue to Impact Services on top of
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that there's been a lot of discussion
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about the Doge dividend proposal a
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proposed $5,000 refund check for
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taxpayers which has been compared to
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stimulus checks but there's some fine
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print that many social security
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recipients need to be aware of If you're
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receiving Social Security benefits like
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retirement disability SSDI survivors
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spousal or SSI or if you're on a low or
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fixed income or even vaaa beneficiary
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these updates could impact you also for
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those waiting on retroactive payments
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from the Social Security Fairness Act
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some deposits are still being processed
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I'll go over everything you need to know
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so you're not left wondering what's
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going on with your benef benefits and if
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you find these updates helpful be sure
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to subscribe so you don't miss future
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Social Security news March Social
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Security payment schedule by now if you
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receive supplemental security income SSI
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or started receiving Social Security
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before May 1997 your check should have
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already arrived SSI payments were sent
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early on February 28th since March 1st
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fell on a Saturday if you were scheduled
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to receive your payment on March 3rd it
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should have been deposited as expected
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for those still waiting the next round
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of payments is coming up if your
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birthday falls between the 1st and 10th
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your payment will be issued this
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Wednesday March 12th if your birthday is
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between the 11th and 20th your check is
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scheduled for March 19th if your
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birthday is between the 21st and 31st
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expect your payment on March 26th now is
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a good time to double check your banking
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details and make sure your direct
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deposit information is correct if your
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payment doesn't show up on your
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scheduled date SSA recommends waiting at
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least three business days before
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reaching out as processing delays do
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happen why are some payments delayed the
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SSA has been struggling with Staffing
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shortages with over 7,000 employees laid
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off and 47 field offices closed this
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means longer wait times for customer
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service slower processing for new
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applications more difficulty for those
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trying to get help with their benefits
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if you need to contact the SSA try
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checking your online account first
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before calling many people report that
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it's taking hours to get through to a
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representative if your payment was
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issued but hasn't hit your account it
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could be a bank processing delay but if
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there's no sign of it at all you may
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need to follow up with SSA just be
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prepared for a long way time retroactive
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payments are you owed money if you were
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affected by the wind fall elimination
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provision WP or the government pension
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offset GOP you may be due a back payment
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this month the SSA has already started
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issuing over $7.5 billion in these
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payments with the average payout around
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$671 if you think you qualify but
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haven't received yours yet check your
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SSA account for updates these payments
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are separate from regular Social
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Security checks so you want to look for
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an extra deposit the Doge dividend what
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a lot of people are asking about the
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Doge dividend refund proposal and
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whether it might affect social security
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here's what we know so far the Doge
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dividend is a proposed $5,000 refund
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check introduced by the department of
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government efficiency Doge under Elon
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Musk leadership the idea is to return
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20% of federal budget savings targeted
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at $2 trillion over the next 18 months
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back to taxpayers but here's where
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things get complicated not every one
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would qualify unlike previous stimulus
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checks the Doge dividend is only for net
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federal income taxpayers meaning people
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who pay more in federal income taxes
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than they receive back through credits
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and deductions many social security
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recipients especially those with low to
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moderate incomes don't have enough
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taxable income to qualify under this
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proposal critics argue that this plan
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leaves out the people who need financial
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relief the most those on fixed incomes
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including many Social Security
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beneficiaries supporters on the other
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hand say it's a way to ensure taxpayers
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benefit directly from government budget
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cuts right now nothing is final the Doge
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dividend is still just a proposal and
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would need approval from Congress before
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becoming law final thoughts what you
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should do now here are the three most
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important things to keep in mind March
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payments are being issued as scheduled
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but Staffing shortages are leading to
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delays if you're waiting on a
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retroactive payment from the Social
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Security Fairness Act check your SSA
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account for updates the Doge dividend
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proposal is still being debated and many
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social security recipients may not
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qualify under the current rules if
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you've had any issues with your payment
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this month let me know in the comments
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have you experienced any delays are you
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still waiting on a retroactive payment
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what are your thoughts on the Doge
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dividend proposal do you think it's fair
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or are you concerned about who qualifies
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I'd love to hear what you think and if
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you found this update helpful be sure to
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subscribe so you don't miss the next one
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I'll be keeping you informed on
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everything happening with social
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security so you always know what's going
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on thanks for watching and I'll see you
