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.
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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....
Elon Musk's Department of Government Efficiency has set its sights on Social Security. Here is why you shouldn't panic....
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 ...
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...
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...
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....
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...
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...
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...
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...
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...
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 ...
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 ...
The Social Security Agency at this point does not have a specific timeframe as to when benefits will be adjusted....
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....
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...
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...
PensionBee and SS&C say the partnership allows former employees to reconnect with their…...
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....
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...
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...
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...
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...
Social Security Taxes to Change Under New Bill: Here's Who's Impacted...
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...
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...
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 ...
This Social Security Fairness Act checklist explains what public sector retirees can expect from SSFA, including how much more money they may receive....
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...
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…...
Inflation, uncertain markets and a limited Social Security COLA are among the financial hurdles for retirees in 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...
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?...
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....
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 ...
These proposals to save Social Security may require big changes, but Americans want politicians to act. Are you willing to pay more taxes?...
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...
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....
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...
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 ...
If you had children later in life, they might be entitled to Social Security benefits when you retire....
The White House has ordered a pause on all Federal grants and loans but left Social Security and Medicare off the list....
Public sector retirees, spouses' or surviving spouses' benefits will be delayed until further notice. The SSA must manually adjust benefits for over 3 million beneficiaries....
Long story short - we pull our statements every January. The latest statement (2025) shows that my wife is now back down to 39 credits when she had 40 credits on the previous two statements (2023 &...
I have seen contradictory information about this question online and don't find anything on the SSA website that addresses it. I am 75, the high wage-earner, and started collecting my benefits at age ...
Hi there! Would love to hear from like minded middle class, I hope, single people who are worried because the have less than $500,000 saved? I’m 65 in April. Have not taken SS yet. Taking one ye...
What are your good reasons for deciding when to start your Social Security benefits?...
The Social Security Fairness Act, signed into law on January 5 by former President Joe Biden, repeals the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which previously red...
President Donald Trump has tapped businessman Frank Bisignano as the Social Security Commissioner. What could that mean for you?...
If Social Security reserves are depleted by 2033, as predicted, future benefits could be cut by as much as 21%. Here’s how to weather the impending storm....