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The Latest Breaking News from Social Security

Social Security Faces Looming Shortfalls, Candidates Promise No Cuts

Challenges and potential solutions for protecting Social Security and Medicare without benefit cuts or retirement age changes.

Top News

Republicans Confirm Their Plan To Let Social Security Go Insolvent

Which party can do the least to fix America's troubled old-age welfare system?

Reason

The Taxes That Come out of Your Paycheck

Your take-home pay is often less than expected due to several payroll tax withholdings you need to know.

Kiplinger

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read the most diverse news in one place.

Record number of Americans are retiring abroad because the U.S. is too expensive

"They do things differently here, and that’s why we’re here."

Fortune

Federal science funding at record lows

Support for science has traditionally been bipartisan, but fights over spending have affected research funding

Salon

Only one in five fifty-five-year-old Americans has enough to live comfortably in retirement

They're also more prone to significant mental and emotional health challenges, particularly if they are financially insecure

Latin Times

Is Your IRA an IOU to the IRS? Three Retirement Tax Strategies

These steps, including converting to Roth IRAs, using a Roth 401(k) and leveraging life insurance and annuities, can help reduce your taxes in retirement.

Kiplinger

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Federal funding for major science agencies is at a 25-year low

Government funding for science is usually immune from political gridlock and polarization in Congress. But, federal funding for science is slated to drop for 2025.

The Conversation

Fact-checking the Biden-Trump debate - Roll Call

FactCheck.org chronicles a relentless barrage of false and misleading statements in the first debate between Joe Biden and Donald Trump.

Roll Call

Biden Vows To Protect Social Security From Potential Cuts

President Biden vows to protect Social Security by ensuring the wealthy pay their fair share, while Trump hints at possible cuts. The candidates' contrasti...

Top News

President Biden To Increase Taxes On Wealthy For Social Security

President Biden's proposal addresses Social Security solvency by redistributing contributions more equitably to ensure program sustainability.

Top News

Social Security And Medicare Face Looming Fiscal Challenges

Biden and Trump discuss Social Security and Medicare future during recent debate.

Top News

America Is in a Debt Crisis. Will Trump or Biden Address It at the Debate?

The candidate who grasps the gravity of this situation and proposes concrete steps to address it will demonstrate the leadership our nation now desperately needs. The stakes couldn't be higher.

Reason

'I Don't Support Mandates From Government': John Stossel Interviews Libertarian Presidential Nominee Chase Oliver

The candidate makes the case against the two-party system.

Reason

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Fortune

Why one 69-year-old woman initiated a 'gray divorce'

“Even if you give up the house and the easy chair with the shape of your butt, it’s so comforting.”

The Guardian - US

US social security will no longer deny disability claims based on ability to work outdated jobs

Agency used list which included jobs such as nut sorter and microfilm processor and has not been updated since 1991

Fortune

The national debt is over $34 trillion. It’s time to tell the truth about the U.S. government’s finances

The U.S. government will pay close to $900 billion this year just in interest payments on the national debt.

International Business Times UK

US Senior Desperate For A Job 'Doesn't Even Have $1 In Her Wallet' — How The 25X Rule Can Help You Save For Retirement

The 25x rule helps estimate retirement savings needed and works with the 4% rule, suggesting a safe withdrawal rate to avoid running out of money over time.

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Newslaundry

India’s gig workers remain undocumented, unprotected

Savita* was shocked to discover that her Urban Company ID had been blocked in February 2023 because she did not meet the monthly target of 40 clients. “My mother-in-law passed away and I took a break of one month from work. I was left without any means of income,” the…

The Guardian - UK

Put the security back into social security

Letter: Ruth Lister on the punitive sanctions and overreliance on means testing that has led to this ‘age of insecurity’

Kiplinger

Taking Social Security? Six Questions to Ask Before You Act

Ask these six questions before taking Social Security if you're trying to figure out the right timing.

Kiplinger

The Social Security Conundrum: Take It Now, or Wait Till 70?

Yes, delaying Social Security means a bigger benefit. But when deciding whether it's worth the wait, take stock of these pros and cons. You might be surprised.

Fortune

Jamie Dimon believes U.S. public debt is the ‘most predictable crisis’ the economy faces—and yet in just 3 months America has added $2.1 trillion to its tab

Debt held by the public will rise from 99% of GDP this year to 122% by 2034—surpassing its previous high of 106% in 1946 at the end of the Second World War.

The Conversation

How the UK’s social security system stopped tackling poverty

The cost of living is the most important issue for many voters this election. It’s no surprise why. In 2022, nearly 4 million people in the UK experienced destitution, meaning they could not meet their basic physical needs such as having enough to eat and staying warm.

Kiplinger

Annuities and Tax Planning Boost Retirement Income and More

Smart planning takes advantage of the tax benefits of lifetime income protection through annuities. But wait — there’s more.

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