Social Security

Social Security is an essential aspect of retirement security for millions of Americans, and it's no secret that the program faces a funding shortfall that could lead to reduced benefits in the next 10 years.  A new survey from the National Academy of Social Insurance, AARP, the National...

Then-President Joe Biden signed the Social Security Fairness Act into law on Jan. 5, effectively increasing and retroactively paying back Social Security benefits to public sector workers who have seen reduced benefits for decades.  However, the payments under the new law are facing delays,...

Social Security is a hot topic and it's easy to see why. The fear of uncertainty—whether it's about funding, sustainability, or future benefits—makes people nervous. But the thing is, these concerns aren't new. Even 20 years ago, Social Security was under the microscope.  During the 2005...

Social Security benefits received a 2.5% cost-of-living adjustment (COLA) in 2025, but for many retirees, this is not enough to keep up with rising prices. Their monthly checks don't go as far as they used to, making it harder to cover everyday expenses like groceries, housing and health care. How...

President Donald Trump's tax proposals are reigniting concerns about the future of Social Security. During his campaign for the presidency, Trump proposed tax cuts to benefit workers and small businesses – but critics warn these changes could accelerate Social Security's financial challenges, among...

Social Security is a cornerstone of financial stability for millions of Americans, with 68 million beneficiaries receiving monthly payments. While this program is vital for many retirees, disabled individuals and their families, a surprising contributor helps keep it afloat: unauthorized immigrants...

On Jan. 5, President Joe Biden signed the Social Security Fairness Act into law. This new law, introduced in January 2023, has stirred heavy debate among policymakers, union leaders and financial experts. Those favoring the legislation see it as a step forward, with public worker retirees gaining...

Marriage brings plenty of questions – especially about finances. For those marrying later in life, like Maria from Suze Orman's Women & Money podcast, a big question is how marriage will impact their Social Security benefits.  Here's what Suze Orman and the Social Security Administration...

Social Security plays a critical role in retirement planning for many Americans. According to a Northwestern Mutual Report, the average American anticipates Social Security will cover 28% of their retirement income – the same proportion as retirement savings and more than personal savings, which...

Life expectancy worldwide is climbing and as this happens, governments throughout the globe are reevaluating retirement ages. New retirement ages have significant impacts on workers, particularly in countries like the United States, where changes in retirement systems place more responsibility on...

Millions of retired public employees will now receive higher Social Security payments. President Joe Biden signed the Social Security Fairness Act into law on January 5. The new legislation addresses reductions caused by two long-standing provisions – the Windfall Elimination Provision (WEP) and...

Social Security beneficiaries will see a 2.5% Cost-of-Living Adjustment (COLA) for the monthly benefit checks in 2025. In January, the average rises about $50 with the COLA. For many of the 72.5 million Americans who rely on Social Security, this modest increase may provide slight relief against...

If you’re planning for retirement, it’s important to stay updated on Social Security changes that could impact your benefits in 2025. These updates include adjustments to the cost-of-living allowance (COLA), maximum taxable earnings, full retirement age (FRA) and earnings limits. Here...

On Dec. 21, the U.S. Senate passed the Social Security Fairness Act, a bipartisan bill to eliminate reductions in social security benefits for millions of Americans. With a vote of 76-20, the bill now heads to President Joe Biden's desk for final approval. This marks a significant milestone for...

Suze Orman, financial expert and host of the Women & Money podcast, recently raised concerns about the potential impact of artificial intelligence (AI) on the Social Security system. Speaking on her podcast, Orman acknowledged the growing anxiety among her listeners – many of whom are already...