The Social Security Fairness Act increased benefits to millions more retirees, including some who never claimed them.
The first round of February’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to the first group of retirees in 13 days. Here is all you need to know about next month’s Social Security payments, which go out in three rounds.
An important footnote in the memo calling for a federal funding freeze exempted Social Security. The White House subsequently walked back the freeze after a federal judge issued a temporary restraining order.
Related: Suze Orman warns Social Security recipients of a looming threat. Substantial contributions to employer-matching 401(k)s and investments in tax-advantaged IRAs are also ef
There’s a rumor circulating that Social Security is headed toward bankruptcy. And thankfully, that rumor isn’t true. Social Security can’t completely go bankrupt because it gets funded by payroll taxes.
The maximum monthly SSI benefit for 2025 is $967 for an individual and $1,450 for a couple, compared to $943 and $1,415, respectively, in 2024. The increase resulted from a 3.2% Cost of Living Adjustment that started at the first of the year.
Unclear if sweeping executive order will affect Medicaid and other federal assistance programs for older Americans.
The amount Florida's spending on supplemental security payments for children dropped despite an increase in the number of recipients.
Social Security benefits may be reduced in the next decade due to a financing shortfall. A new survey asks Americans how they would fix the program.
Learn how the Social Security Fairness Act may increase your retirement benefits by eliminating the Windfall Elimination Provision and the Government Pension Offset.
If you and your spouse have a nice amount of money saved up, then you may decide that you'll each claim Social Security as soon as you're able to — meaning, at age 62. And if you're the same age, that would have you filing for benefits at the same time.