Here's How Much Money Social Security Needs to Avoid Benefit Cuts in 2035
Social Security only has nine years left until it becomes insolvent, and in light of the Social Security Fairness Act's recent passage, that might be too optimistic. The program is staying afloat by draining money from its trust funds,
2 Social Security changes that could hurt you financially, if you're still working
One positive aspect of Social Security is that the program is set up to adapt to economic changes. Each year, for example, Social Security benefits are eligible for an automatic cost-of-living adjustment.
How Much Could Trump’s Social Security Pick Impact Your Benefits? What to Expect in 2025
President Donald Trump has tapped businessman Frank Bisignano as the Social Security Commissioner. What could that mean for you?
Here's Exactly How the 2025 Social Security COLA Affected Retirement Benefits
This is intended to help seniors and other Social Security recipients keep up with inflation and is based on Consumer Price Index (CPI) data from the third quarter of 2024. While the 2.5% COLA isn't exactly news at this point,
Social Security clarifies maximum amounts this 2025
Navigating the complexities of Social Security benefits can be challenging, especially if you plan to continue working after retirement. Understanding how your earnings impact your benefits is crucial to making informed financial decisions.
41 States That Won’t Tax Social Security Benefits in 2025
Social Security plays a big role in many Americans' retirement security. In fact, 40% of Americans ages 65 and older rely on Social Security for at least half their income, according to the AARP.
Delaying Social Security? Here's Why That's a Riskier Move Than You'd Think.
You may be inclined to delay your Social Security claim if you like the sound of that. But you should know that there's a ...
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Social Security Fairness Act: Will You Qualify for Back Payments?
The Social Security Fairness Act repeals two provisions that will give qualifying individuals more money and potential back ...
How And Why I Delayed My Social Security Until Age 70
We carefully adjusted our living expenses so that we could be satisfied with less income compared to our working years. It ...
The No. 1 Reason to Claim Social Security at Age 62
The best reason to claim Social Security benefits early, such as at age 62, is this: You need the money.
Social Security Payment This Week: Up to $967 To Be Sent Out
Social Security benefits form the bedrock of income for millions of Americans—and those who claim Supplemental Security Income (SSI) will be paid this week. Adults and children with disabilities, or ...
Liz Weston: Government pension offset changes to Social Security are coming, but will take time
Those who applied for Social Security and were denied due to government pension offset rule or windfall elimination provision ...
Social Security Is Set to Run Out of Money in 2034. Here's Why That's Probably Too Optimistic.
Social Security has two other funding sources: benefit taxes on some seniors and interest income earned on money in the ...
What you need to know about Social Security changes
Millions of retired Americans are set to benefit, but there are concerns the program could run out of funds sooner.
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Social Security February 2025: Here's When Your Check Is Coming
We're heading into February and that means a new round of payments for Social Security beneficiaries. Here's when you'll get ...