Social Security

Social Security Checks Up to $4,873 Will Be Released to Around 70 Million People This Week

Social Security retirees with birthdays between July 1-10 get their payments this Wednesday.

Understanding the Social Security Tax: Strategies to Minimize Withholding

Social Security Tax Torpedo Explained: Strategies to Minimize Withholding

Some of retirees' Social Security benefits can become taxable income, potentially pushing them into higher tax brackets (50% to 85% taxed).. Learn how to minimize Social Security taxes in retirement with strategic planning.

Social Security Cost-of-Living Adjustment Forecast: 2025 COLA Is Lower But Seniors, Retirees Will Face Inflation

About 50% of American households with someone aged 65 and above depend on Social Security's cost-of-living adjustment (COLA) program for at least half their living expenses. Without it, countless seniors would be languishing in poverty.

Social Security Changes: What You Need to Know

You might imagine that Social Security remains mostly unchanged from year to year since it has been in place for so long. However, that's not always the case.

Social Security 2025: COLA on the Rise, But Will It Keep Up?

Social Security 2025: Cost-of-Living-Adjustment Increased to 3.2%, But Will It Keep Up?

After the government announced that April inflation was in line with experts' predictions, the most recent estimate of Social Security's cost-of-living adjustment 2025 increased to 3.2%, according to new figures released on Wednesday.

Can Taxing the Rich Save Social Security?

Due to a budget deficit, Social Security may not be able to provide retired Americans with their full payments in around ten years.

Social Security, Medicare Get Reprieve: Benefits Secured for Another Decade

According to the annual Social Security and Medicare trustees report released on Monday, the go-broke dates for Social Security and Medicare have been pushed back due to altered expected depletion dates brought about by a stronger economy.

Rethinking Retirement: Larry Fink Calls Out the 65-Year-Old Standard

In a world where avocado toast is blamed for millennials' financial woes and Gen Z is meme-ing their way through economic uncertainty, Larry Fink, CEO of BlackRock, drops a truth bomb about the Social Security crisis and the "a bit crazy" standard retirement age of 65.

Overpaid Social Security? New Boss Vows to Help You Keep More of Your Money

The new head of the Social Security Administration has pledged to restructure the agency's process for recovering billions of dollars that it believes were incorrectly disbursed to recipients, stating that the current method "just doesn't seem right or fair."

Inflation & Potential Social Security Tax Hits in 10 States

Over 15 million Americans over 65 who are in poverty have considered Social Security as a lifeline, as they are lifted out of it each year by the program, according to the Center for Budget and Policy Priorities.

How Wage Gains Propelled Social Security Checks to $5,000 Heights

Due to tax-related modifications and inflation, Social Security beneficiaries may see significant changes in 2024 that will affect everything from their monthly income to their tax obligations. In 2024, the monthly top benefit is expected to reach close to $5,000.

These are 3 Social Security Mistake to Avoid by a Married Couple

3 Social Security Mistakes to Avoid by a Married Couple

Here are some Social Security mistakes a married couple should avoid.

Postal Service Overload may Delay Deliveries of Millions of Christmas Gifts

Delayed Gifts? Postal Service Overload Possibly Result to Worst Christmas

Millions of gifts may be delayed as the U.S. Postal Service (USPS) struggles with the unprecedented volume of packages from people who chose to shop online at the store and ship holiday gifts rather than bring them in person.

Elizabeth Warren Introduced Bill Providing Special Bonus to Social Security Recipients

Sen. Elizabeth Warren, D-Mass. introduced a bill that would pay social security recipients a one-time stipend designed to offset the absence of a cost living adjustment in 2016.

Zero COLA means no increase for your Medicare Premium

There will be zero COLA for 2016, which indicates a lot of things, good and bad for Medicare beneficiaries.

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