Social Security Update: Lawmakers May Force Vote to Raise Benefits for Some
The Social Security Fairness Act was proposed to reverse the rules surrounding the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).
Social Security update: Third round of September payments worth $4,873 go out in six days
The third round of September’s Social Security payments, worth up to $4,873 for the highest-income earners who retire at 70, will go out to the third group of retirees in six days. Here is all you need to know about this month’s Social Security payments,
How much will Social Security benefits increase in 2025? See COLA predictions and calculators
Current estimates suggest a 2.57% COLA increase for 2025, which would add approximately $50 per month to benefits, according to the Detroit Free Press. However, the Seniors League's 2024 Loss of Buying Power study indicates that this increase would fall short of covering rising costs for older adults.
Social Security Update: Map Shows States Expected to Get Lowest Increases
Location can also play a role because certain states tend to have higher incomes and subsequently higher Social Security payments.
I’m 20 years older than my wife, who is 53. If she claims Social Security early, will it affect her widow’s benefit?
I am 72 and delayed getting Social Security benefits until I was 70 to increase the benefits. I have remarried, and my new wife is 53. If she starts receiving reduced spousal benefits before reaching her full retirement age,
Social Security Rules That Can Drastically Increase Your Monthly Benefits
Before retirement, it pays to know your options for Social Security. There are certain rules that can make a big difference in how much you get in each check.
Nearly 30,000 Americans died waiting for Social Security benefit decision
It "remains imperative that we issue decisions faster at every level," Social Security Commissioner Martin O'Malley said.
Major future cuts to Social Security benefits
Social Security is a vital source of income for many retirees. According to a recent Gallup poll, 60% of retirees say their monthly Social Security benefits are a major source of income. Another 28% said Social Security played at least a minor role in their budget.
Here’s What Your Social Security Benefit Could Be in 2030
Many retirees rely on Social Security benefits as an important part of their retirement income. According to the Social Security Administration, nearly 97% of older adults ages 60 to 89
We're Still 3 Weeks Away From a 2025 Social Security COLA Announcement, But Here's What We Know So Far
Oct. 10 is when September's CPI-W reading is scheduled to be released. Once that happens, the SSA should be able to announce ...
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Social Security: What Will Happen to Your October Check if the Government Shuts Down?
With a potential government shutdown days away, will you get an October Social Security check? Here's what you need to know.
Social Security COLA could go up 2.5% in 2025, latest estimate shows
The actual cost-of-living adjustment for 2025 for Social Security benefits will be announced in mid-October. Early estimates ...
Will Social Security Really Run Out of Money in 2035? Here's How It Could Last Decades Longer.
As the headlines say, Social Security's trust funds are expected to run out of money in 2035, based on the intermediate ...
Americans Have Concerns About Retirement Income From Social Security
New survery has revealed wide knowledge gaps among Americans regarding Social Security. Don't squander the opportunity to get ...
‘He forced me to take Social Security at 62’: My husband inherited millions, but never gave me a penny. If I divorce him, would I get any of it?
We have five rental properties — two of them were inherited — and the rental money goes into a joint checking account.” ...
Trump says he won’t tax your tips, OT or Social Security. Why critics see ‘gimmicks’ and a ‘sham’
After cutting taxes mostly for the rich in his first term, former President Trump says he will help others by exempting tips, ...
Social Security COLA 2025: 7 Reasons Why Rising Medicare Premiums Could Wipe Out Your Raise Next Year
Social Security COLA is estimated to be around 2.5%. For many retirees, rising costs of Medicare premiums could offset much ...