Social Security

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Five Wins for Federal Employees in the Social Security Fairness Act

Feb 21 2025

More money means more opportunities and financial stability for current retirees and future retirees....

kiplinger.com

Top Social Security Official Resigns in Wake of Clash with Musk’s DOGE

Feb 21 2025

Michelle King replaced as acting commissioner by Leland Dudek after King refused to comply…...

401kspecialistmag.com

Social Security Administration: DOGE Cannot Make Changes to Benefit Payments

Feb 21 2025

DOGE has limited "read only" access to data and will not disrupt or delay the disbursement of payments to beneficiaries, SSA Acting Commissioner Dudek said....

kiplinger.com

Social Security in 2025: Experts Weigh in on How the Trump Administration’s Plans Could Reshape Retirement

Feb 21 2025

There’s a lot happening in the federal government, and American retirees could see changes in their budgets and benefits as a result....

money.usnews.com

Congress Increases Social Security Benefits For Some State And Local Government Employees

Feb 20 2025

The Social Security Fairness Act retroactively reverses some 1983 reforms and increases benefits for some retired state and local government employees....

forbes.com

? Social Security Offers Assurances as AARP Pushes for Protections (AARP Article)

Feb 20 2025

FROM THE ARTICLE: Most older Americans count on monthly benefits as their largest source of income. By Kenneth Terrell, AARP. Published February 20, 2025. The acting head of the Social Security Admini...

community.aarp.org

I feel like I know a lot about things. Retirement isn’t one of them.

Feb 19 2025

I’m still 10-12 years (12 years is my full SS retirement age) from my retirement. I honestly can’t wait to not be in a hospital all day but I’m always worried that I won’t do i...

reddit.com

How Trump’s Mass Deportations Could Lower the Social Security Trust Funds

Feb 19 2025

Mass deportations could mean less money for already meager Social Security trust funds....

money.usnews.com

Today's "Statement from Lee Dudek, Acting Commissioner..." of SSA

Feb 19 2025

Just released today, this informative letter from the new Acting Commissioner of the SSA. Seehttps://www.ssa.gov/news/press/releases/2025/#2025-02-19 It addresses his own commitment to Social Security...

community.aarp.org

Those huge delays in Social Security processing, Are they?

Feb 19 2025

It doesn't seem that processing times are extraordinarily long such that there is a systemic problem (there is a problem but this is not it). A few thoughts on this: 1 - This article at SSA indicates ...

community.aarp.org

Retirees Get a Raise in Their Social Security Benefits This Week

Feb 18 2025

The 2.5% cost-of-living adjustment (COLA) will begin with benefits payable to retired Social Security beneficiaries in February when their January 2025 payments arrive....

kiplinger.com

Social Security Is DOGE's New Target: What You Need to Know

Feb 18 2025

Elon Musk's Department of Government Efficiency has set its sights on Social Security. Here is why you shouldn't panic....

kiplinger.com

Attacks on Social Security

Feb 18 2025

How is AARP responding to Elom Musk and DOGE accessing SSA files and personal information? This is an all out assault on our retirement system that we have paid into all of our working lives! If DOGE ...

community.aarp.org

? Ways to Stretch Your 2025 Social Security COLA (AARP Article)

Feb 18 2025

FROM THE ARTICLE: 5 Ways to Stretch the Social Security COLA. Try these tips if the 2025 adjustment isn’t keeping up with your costs. By Diane Harris, AARP. *** There are 13 Comments on the AARP...

community.aarp.org

Working While Receiving Social Security

Feb 17 2025

If you're working while receiving Social Security benefits, depending on your income you may be giving up some of the benefit, short term. The post Working While Receiving Social Security appeared fir...

financialducksinarow.com

Presidents and Social Security: How Presidents Have Impacted America's First Social Insurance Policy

Feb 17 2025

Since its inception in 1935, Social Security has expanded its mission and reach. Here is how each president from Roosevelt to Trump has impacted Social Security....

kiplinger.com

Elon Musk Is Attacking Social Security and Medicare

Feb 17 2025

Elon Musk has posted on X (formerly Twitter) that he is "100% certain that the magnitude of fraud in federal entitlements (Social Security, Medicare, Medicaid, Welfare, Disability, etc) exceeds the co...

community.aarp.org

RIFd at almost exactly planned retirement date

Feb 16 2025

Better to be lucky than good! I am almost 61. We have cash already saved to bridge to our target SS filing age that should cover 5 years of expenses (rental income will make up part of the total we ne...

reddit.com

THE LATEST Social Security Reform Proposal - What is your take? [LONG]

Feb 16 2025

Each of these have been proposed - no farther than just getting an SS actuarial analysis. I have not included the analysis of each but you can see them at link below.. SOME of these proposals will INC...

community.aarp.org

Social Security Financing—When You’re in a Hole, Stop Digging Part 2

Feb 15 2025

This is a follow-up to our post of October 14, 2024. In this follow-up post, we will estimate Social Security’s January 1, 2025 Funded Status based on 2024 valuation results and once again point...

howmuchcaniaffordtospendinretirement.blogspot.com

What trigger the start of recieving SS benefits?

Feb 14 2025

I apologize if it is a stupid question but I just don't understand the process. I was reviewing my SS dashboard to see the estimates. That is just for planning. Now I still have at least a decade till...

reddit.com

Social Security Yearly Statements Changed

Feb 14 2025

Something Changed on the Social Security Yearly Statements. I am very diligent about getting my SS Yearly Statements from their website. (I also run a Benefits Estimator set of reports - using income ...

community.aarp.org

The Social Security Work Load on Processing Retirement Applications

Feb 13 2025

Last nite on CNN, host Laurie Coates interviewed DAVID FAHRENTHOLD, INVESTIGATIVE REPORTER, NEW YORK TIMES on this. CNN 02/12/2025 - Laurie Coates interview (transcript) It is the very last interview ...

community.aarp.org

Asking Yourself ‘Now What?’ After Seeing The Social Security Fairness Act?

Feb 12 2025

The Social Security Agency at this point does not have a specific timeframe as to when benefits will be adjusted....

forbes.com

Social Security Payments Were Suspended for Some Americans Abroad. Here's What to Know

Feb 12 2025

Retirees living abroad must complete a questionnaire every 1 to 2 years when sent by the SSA. Failure to respond can lead to the suspension of your benefits; here's how to fix it....

kiplinger.com

?? Biggest Retirement Changes Coming in 2025 (AARP Article)

Feb 12 2025

FROM THE ARTICLE: 9 Ways Retirement Will Be Different in 2025. How changes in Social Security, Medicare, 401(k) contributions and more will affect your finances. By Andy Markowitz, AARP. *** There are...

community.aarp.org

? Social Security Payments Are Protected, Officials Tell AARP (AARP Article)

Feb 12 2025

FROM THE ARTICLE: New Administration Tells AARP Social Security Payments Are Protected. 67 million Americans receive benefits that they have earned. By Andy Markowitz, AARP. Published February 12, 202...

community.aarp.org

PensionBee, SS&C Technologies Launch Safe Harbor IRA

Feb 11 2025

PensionBee and SS&C say the partnership allows former employees to reconnect with their…...

401kspecialistmag.com

Three Ways to Plan Now for a Social Security Shortfall Later

Feb 09 2025

The outlook for Social Security is gloomy, but you can save now to protect against benefit cuts later. If the cuts don't happen, you'll still be better off....

kiplinger.com

During COVID, Applicants Adjusted to Social Security Office Closings

Feb 09 2025

When COVID swept in, the U.S. Social Security Administration responded quickly and closed its field offices on March 27, 2020. They remained closed for two full years, largely eliminating the option t...

crr.bc.edu

THE MATH DOES NOT WORK

Feb 09 2025

Thru the years, benefits for Social Security have increased in coverage but there has not been enough income coming in to cover these increases in coverage. EXAMPLE - Survivors benefits INCLUDING Divo...

community.aarp.org

? Survey Finds Support for Raising Taxes for Social Security (AARP Article)

Feb 09 2025

FROM THE ARTICLE: Reduction in benefits projected by 2035 unless action is taken to shore up vital program. By Andy Markowitz, AARP. *** There are 93 Comments on the AARP website. Stop by to add yours...

community.aarp.org

SSA Actuary Analysis of 17 Different Proposals to Fix the Social Security Trust Funds

Feb 08 2025

Really interesting the places their heads are going - January 3, 2025 Steny Hoyer, Wendell Primus Estimates of the Financial Effects on Social Security of potential legislation to improve the solvency...

community.aarp.org

New bill introduced about taxes on SS income.

Feb 07 2025

Social Security Taxes to Change Under New Bill: Here's Who's Impacted...

community.aarp.org

What will happen next? Will I still receive my retirement benefits?

Feb 07 2025

I am now truly scared; I rely totally on my social security retirement monthly check. What happens if these two outside the system choose to end that? They've ended other programs within 20 days; what...

community.aarp.org

AARP Advocacy Role in Recent Social Security/Medicare Musk Overreach

Feb 06 2025

Has AARP taken a stand regarding Musk and his minions having access to American's Social Security and Medicare data via the Department of Treasury? Elon Musk is an unelected player appointed by the pr...

community.aarp.org

Need help understanding Surivor Benefit for my Mother in Law

Feb 06 2025

My mother in law is a widower who turns 60 this month 2/21 Her Husband passed 7/2015 and he was born 10/27/1960 We called SSA and they told her she was eligible to claim SS against her passed husband ...

community.aarp.org

Social Security Fairness Act Checklist: Six Things to Know

Feb 05 2025

This Social Security Fairness Act checklist explains what public sector retirees can expect from SSFA, including how much more money they may receive....

kiplinger.com

No Taxes on Social Security? Here’s What Trump’s Plan Means for You

Feb 05 2025

For nearly 50 years after Social Security's inception in 1935, benefits were not subject to federal income taxes. That changed in 1983 when Congress introduced taxation on benefits for higher-income r...

buzzsprout.com

New free guide to filing for Social Security benefits now available

Feb 04 2025

To read this story on KSL.com, click here. Are you counting on Social Security as an important source of income in retirement? You’re not alone. Nine out of 10 Americans…...

bossretirement.com

Retirement Challenges in 2025: Market Volatility, Inflation and Social Security

Feb 04 2025

Inflation, uncertain markets and a limited Social Security COLA are among the financial hurdles for retirees in 2025....

money.usnews.com

Social security site estimate question

Feb 03 2025

Hi all, took a 2 day retirement class and the instructor kept harping on thinking using the official social security site benefits estimator to figure what monthly benefits would be to give you a corr...

reddit.com

Could Elon Musk Be Paying Your Social Security Check?

Feb 03 2025

Musk now has access the US Treasury payment system, which handles Social Security payments. Will your check be on time? Will your data be safe?...

kiplinger.com

Treasury Department Takeover

Feb 03 2025

What is AARP doing to help ensure the security and stability of Social Security and Medicare payments to millions of retirees in light of Elon Musk's takeover of the computer payment systems at the U....

community.aarp.org

Would Enacting the Hoyer/Primus Proposal “Fix” Social Security?

Feb 03 2025

In early January, Social Security’s retiring Chief Actuary, Steve Goss, releasedan actuarial valuation of a proposal intended to improve the solvency of the Social Security trust funds based on ...

howmuchcaniaffordtospendinretirement.blogspot.com

How To Save Social Security — Pay More Taxes? Cut Benefits?

Feb 01 2025

These proposals to save Social Security may require big changes, but Americans want politicians to act. Are you willing to pay more taxes?...

kiplinger.com

FYI: Social Security Administration - CALENDAR OF WHEN BENEFITS ARE PAID 2025

Feb 01 2025

This is the Social Security Calendar for 2025 benefits payments - This is normally the date that SSA pays the benefits but it could show up in your bank account a day or so before or after depending o...

community.aarp.org

What Is the February Social Security Payment Schedule?

Jan 31 2025

The date your February Social Security benefit arrives depends on what day of the month you were born. Payments follow the month they are due, so your February check is for January....

kiplinger.com

Inbox Questions | Should Early Social Security Factor Into Retirement Calculations?

Jan 31 2025

In this episode, we address Joe’s question about how claiming Social Security benefits early can reduce withdrawals from retirement accounts and potentially lead to greater long-term growth. Joe...

sites.libsyn.com

5 Advanced Social Security Strategies to Maximize Your Retirement Income

Jan 29 2025

To maximize your Social Security benefits in retirement, it’s essential to understand five key limits and thresholds: ✅ Earnings Limit: If you start Social Security before full retirement ...

buzzsprout.com

About Social Security

Social Security is a government-run program in the United States that provides a source of income for retirees, as well as for people who are disabled or the survivors of deceased workers. The program is funded through payroll taxes, and it is designed to provide a basic level of financial security for those who are no longer able to work.

To be eligible for Social Security benefits, an individual must have worked and paid into the Social Security system for a certain number of years. The amount of benefit that an individual receives is based on their earnings history, with higher earners receiving a higher benefit.

In general, people are eligible to receive Social Security retirement benefits when they reach the full retirement age, which is determined by their date of birth. The full retirement age is currently 66 for people born between 1943 and 1954, and it is gradually increasing to 67 for those born in 1960 or later. However, people can begin receiving reduced benefits as early as age 62, or they can choose to delay receiving benefits until after their full retirement age, in which case they will receive a higher benefit.

It is important to note that Social Security benefits are not intended to be the sole source of income for retirees. Rather, they are meant to supplement other sources of retirement income such as savings, investments, and pensions. It is important to plan for retirement and consider all sources of income that may be available to you.