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The Latest Breaking News from Social Security

Social Security and Medicare Are Racing Toward Drastic Cuts—Yet Lawmakers Refuse To Act

Other countries have taken meaningful steps to address similar challenges. The U.S. has done nothing.

Reason

The '8-Year Rule of Social Security' — A Retirement Rule

The '8-Year Rule of Social Security' holds that it's best to be like Ike — Eisenhower, that is. The five-star general knew a thing or two about good timing.

Kiplinger

Are You Owed Money Thanks to the SSFA? You Might Need to Do Something to Get It

The Social Security Fairness Act removed restrictions on benefits for people with government pensions. If you're one of them, don't leave money on the table. Here's how you can be proactive in claiming what you're due.

Kiplinger

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He's 67, Still Working, And Just Sold His House — His Bank Advisor Says Claiming Social Security Now Or Lose Money Later. Is That True?

In a recent Reddit post on r/SocialSecurity, a user shared a dilemma that stirred up plenty of advice — and some confusion. The poster's friend is 67, still working full-time, and just sold his house. He hasn't started collecting Social Security yet, but a bank advisor told him he should…

Benzinga

6 Financial Safety Nets That Don’t Work Anymore

Life is full of surprises, and for decades, people have relied on certain financial safety nets to cushion the blow when things go wrong. But the world has changed. Rising costs, shifting job markets, and evolving government policies mean that some of the old standbys just don’t offer the protection…

Grocery Coupon Guide

A Retirement Planner's Advice for Taking the Guesswork Out of Income Planning

Once you've saved for retirement, you'll need your nest egg to support you for as many as 30 years. For that, you need a clear income strategy, not guesswork.

Kiplinger

Consumers saw a double whammy of bad news in May, pulling back on spending as inflation heated up

The economic bad vibes are hitting home.

Fortune

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These US airlines were targeted by cyber hackers this month

The FBI issued an alert that the notorious criminal cybercriminal group, Scattered Spider, was ‘expanding its targeting to include the airline sector’

The Independent UK

The prime minister’s welfare U-turn is welcome – but not the end of the matter

THE INDEPENDENT VIEW: Editorial: Abandoning cuts to disability benefits has resulted in a messy compromise that ensures all future PIP applicants will receive less than existing recipients. This calls for more sensible and sensitive reforms to our social security system

The Independent UK

Ex-Doge employee ‘Big Balls’ gets new Trump administration position

Edward Coristine, 19, has been given a job at Social Security Administration after quitting Elon Musk’s ‘department’

The Guardian - US

Labour’s disability cuts rebellion: a former government whip asks, how did Keir Starmer not see this coming?

The government has promised to make major concessions to its universal credit and personal independence payment bill after a large-scale and very public rebellion by Labour MPs threatened to derail a vote due on July 1.

The Conversation

UK politics: Starmer says welfare concessions are ‘common sense’ but dodges funding question – as it happened

No 10 has offered significant concessions to the rebels, estimated to cost around £3bn a year, amid fears over Tuesday’s vote

The Guardian - UK

'I Thought I Could Still Work A Little': Retiree Hit With Surprise $9,648 Social Security Overpayment Notice

When one retiree left his job in last August and applied for Social Security at age 63 and 5 months, he thought he was doing everything by the book. In a post on Reddit, he shared that his first check came in September — but just a few months later,…

Benzinga

‘Big Balls’ now working at Social Security Administration after departing DOGE: report

Coristine, who was hired by Musk to join the DOGE team, recently departed the White House but a SSA spokesperson confirmed that he has since joined the agency as a special government employee

The Independent UK

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Benzinga

Can You Guess What an Upper-Class Retiree's Monthly Income Looks Like? Here's What the Wealthy Are Actually Living On

There's no shortage of financial advice telling you how much you should save for retirement. But what does retirement actually look like when you're in the upper class? When you've built real wealth and stopped working — what does that monthly income actually add up to?

International Business Times UK

Steve Cohen's Point72 Goes Heavy on Tech and Pharma Stocks, Investing Over $330M in Two Trades

Point72 Asset Management recently purchased over 10 million shares of Confluent and Amylyx Pharma common stock, worth more than $334.17 million.

International Business Times UK

US Social Security Retirement Age Raised to 67 Starting 2026—What Does This Mean for You?

Amendments to the Social Security Act decades ago ensured that the retirement age rises by two-month increments annually, and it reached 67 for those turning 65 in 2026 and after.

Kiplinger

How New Retirees are Navigating Economic Uncertainty

‘I Picked a Helluva Time to Retire.’ Six strategies for new retirees facing a dicey stock market and unpredictable economy.

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news in one place.

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International Business Times UK

Retired and Still Paying: Why Thousands of Pensioners Are Losing Social Security to Student Loans

Student loan debt is reducing Social Security payments for thousands of US retirees, raising concerns over retirement security and debt policy.

We Got This Covered

‘Millions of dead people’: Donald Trump trots out a prehistoric lie, and oh, his fingerprints are all over the impending collapse

Dead people didn't kill Social Security.

Kiplinger

What is the IRMAA (Income-Related Monthly Adjustment Amount)?

IRMAA is a surcharge added to your Medicare Part B and Medicare Part D prescription drug coverage premiums if your income is above a certain level. Here's what you need to know.

Reason

State Regulations Make Wrestling Less Fun

Missouri's denial of Miyu Yamashita's wrestling license, despite a valid work visa, is a microcosm of overregulation that hurts professional wrestlers and the industry across the country.

International Business Times UK

Social Security Trust Funds to Run Dry 1 Year Earlier Than Projected; Benefits to Drop by 19%

The Social Security Board of Trustees said in an annual report that Social Security Trust Funds, comprising Old-Age and Survivors Insurance and Disability Insurance, will have revenue to pay all scheduled benefits only until 2034, which is one year earlier than previous projections.

Kiplinger

No Social Security Tax Changes in Trump’s 'Big Bill'? What Retirees Need to Know

Eliminating taxes on Social Security benefits is missing from President Trump’s tax overhaul. Here’s why and what an alternative offering could mean for retirement taxes.

Kiplinger

How to Dodge the 'Medicare Tax' Before You Retire

A Roth conversion may be the key to avoiding costly IRMAA surcharges on your premiums.

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