Social Security is one of the biggest topics of debate in politics these days. Without a substantial change to the program, the Social Security Administration will have to cut benefits for tens of millions of retirees.
With just two months left in 2024, it's unlikely Congress is capable of making...
People are using artificial intelligence for tasks like writing and editing resumes and cover letters — and even to get personal finance advice. While some of those insights can be valuable, financial advisors caution that AI shouldn’t be your only resource.
A new report by Experian found that 67% of polled Gen Zers and 62% of...
Americans will be able to sock away more in their workplace retirement plans, before taxes, in 2025.
The IRS said on Friday it increased the annual employee deferral limit to $23,500, from $23,000 in 2024, for workplace plans, including 401(k)s, 403(b)s, governmental 457 plans and the federal government’s Thrift Savings...
Not all workers retire on the same date. Consequently, Social Security divides payments between those who began collecting retirement benefits before May 1997 and those who didn’t.
Another interesting thing is the fact that those retirees who have a low income and no...
The holiday season is fast approaching, and for many, it’s one of the busiest and most expensive times of the year. In fact, holiday shoppers plan to spend an average of $1,638 on gifts, travel, and entertainment this year, according to...
You might be surprised, but no Social Security payments will be deposited into your account this week. This announcement may be hard to accept, even unbelievable, yet it’s true: the Social Security Administration (SSA) will not make any deposits this week. Whether you have savings...
People hoping to receive the maximum Social Security benefit need to pay close attention to the yearly wage base limits.
There's no denying how important Social Security benefits are for retirees. In September, over 54 million Americans...
Social Security pays retirement benefits to seniors, but you don't need to be retired to claim them. You can claim benefits as early as 62 and are allowed to work while collecting them — although, depending on your situation, that could mean you’ll have to temporarily forfeit some of your checks...
Millions of older Americans rely on Social Security to make ends meet in retirement. And for some people, those monthly benefits are their only source of income.
If that's the case for you, then you may not have to pay taxes on the benefits Social Security provides you with. But...
Those receiving Social Security will have another reason to be grateful this Thanksgiving. Due to a scheduling anomaly, recipients will get an additional check. The bad news is that you won’t get paid in December. In addition to their monthly Social Security check, recipients of Supplemental Security Income (SSI), which is government-issued...
