Social Security

In its most recent move to tackle unregulated migration, the Trump administration has reclassified over 6,000 living immigrants as deceased and disabled their Social Security numbers. This move strips them of their work eligibility and pushes them to leave the country. What Happened: According to...

Major Social Security updates, now in effect as of April 2025, stand to reshape benefits for millions of Americans. From bigger checks to new identification rules, these changes could have a serious impact on the paychecks of retirees, survivors, and those on spousal benefits. What Changes Are Set...

As tax season kicks into high gear, one analyst noted an increase in tax refunds that could leave taxpayers with more cash as they head into spring. Bank of America analyst Mihir Bhatia analyzed consumer finances as we move into the final weeks of tax season. Bhatia noted a continued increase in...

Leland Dudek, a mid-level career employee at the Social Security Administration, found himself at the center of a major shake-up when he was appointed as the agency’s acting commissioner. Just days before his promotion, Dudek had publicly stated that he was placed on administrative leave for...

Sweeping changes are coming to Social Security as well as the agency that administers it in 2025, requiring a rethink of how central or reliable advisors should consider the service for their clients. Following the passage of the Social Security Fairness Act last year, and former President Joe...

Many are concerned about the accessibility of social security services as the Social Security Administration faces office closures. As of Feb. 26, several locations have been closed or consolidated due to budget cuts and a federal push for streamlining government operations.  These changes,...

Most people know that Social Security alone won't be enough for a comfortable retirement. The numbers don't lie—the average monthly benefit in 2025 is around $1,976, adding up to about $23,712 a year, according to the Social Security Administration.  That's why so many Americans rely on...

The Social Security Administration is facing new uncertainties following the resignation of its acting commissioner. Michelle King stepped down after refusing to grant access to sensitive Social Security recipient information to the Department of Government Efficiency. Her departure has raised...

Big changes could be coming for government benefits. House Republicans just unveiled a budget plan that includes massive spending cuts—$880 billion from Medicaid over the next decade. Social Security? Safe. Medicare? Also safe. But Medicaid? Not so much. Trump Draws The Line President Donald Trump...

Elon Musk has reignited a national debate over Social Security fraud, claiming that billions of dollars are being lost annually to fraudulent payments. His comments, coupled with his role in the Trump administration's cost-cutting team, the Department of Government Efficiency, have drawn both...

During his most recent presidential campaign, Donald Trump proposed eliminating taxes on Social Security benefits, a plan that found strong support among retirees who would like to keep more of their monthly checks. While tax cuts may sound like a good idea in the short term, finance experts have...

Thousands of Americans living abroad woke up to something they weren’t expecting this month – their Social Security benefits had been suspended. The reason? They didn't submit a required document called the Foreign Enforcement Questionnaire. The Social Security Administration (SSA) uses this...

Social Security is one of the most critical safety nets for retirees in the U.S., but it faces a funding shortfall that could result in benefit cuts within the next decade. While some argue for raising the retirement age or reducing payouts, labor economist Teresa Ghilarducci believes the real...

Social Security has been a critical source of income for retirees for decades, helping millions of Americans cover their living expenses after leaving the workforce. But how much has the average benefit actually increased over the years? If you were receiving Social Security in 2005, your monthly...

Many are sounding the alarms over Elon Musk's recent access to the U.S. Department of Treaury's payment system, which is responsible for handling over $6 trillion in annual federal payments. A large concern is surrounding Musk's access to millions of American's data and payments that directly...