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The Latest Breaking News from Social Security

US VP Kamala Harris Outlines Plan To Trim Living Costs As It Remains Americans' Top Concern

US Vice President and Democratic nominee Kamala Harris plans to lower living costs through several measures, including lowering grocery prices, introducing child tax credits, and offering downpayment assistance for first-time homebuyers.

International Business Times UK

Trump's Social Security Proposal Could Cost Up To $1.6 Trillion In Tax Revenue

Former President Donald Trump's plan to eliminate taxes on Social Security benefits is coming under fire from economists for adding a projected $1.6 trillion in tax revenue over the next decade.

International Business Times

Walz better off than finances suggest?

Walz has no stocks, but he does have a pension — an increasingly disappearing benefit unavailable to most workers

Salon

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Should You Keep Your 401(k) When You Retire?

Here are three primary reasons you might want to consider moving your retirement money from your 401(k) to an IRA once you retire.

Kiplinger

Want to Move to Italy? What to Consider Financially

Once you've decided that you and Italy are compatible, you'll want to work out your tax planning, investments, retirement accounts and benefits.

Kiplinger

70-Year-Old With $1,622 Monthly Social Security Benefit Cuts Rent to $500 With This Simple Move

A retired boomer found affordability by moving in with family in a small town. Despite financial struggles, she values the safety and community.

International Business Times UK

Cuts to Social Security Benefits Could Top $21,000 for High-Income Couples

Benefits will be slashed 21% starting in 2033 if Social Security is not fixed, according to a new report. This is how much you could lose in annual benefits.

Kiplinger

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2025 Social Security COLA Estimate Drops Again

The final Social Security COLA estimate for 2025 has dropped slightly from the previous estimate.

Kiplinger

US VP Candidate Tim Walz Broke His Retirement Nest Egg To Withdraw $135,000 For Daughter's College Education

Minnesota Governor and US Vice Presidential candidate Tim Walz's early retirement funds withdrawal could severely impact his retirement portfolio's compounding growth rate and attract taxes and penalties on the amount.

International Business Times UK

2025 Social Security Cost-of-living Increase Likely Lowest In Four Years

Social Security recipients will likely see the smallest cost-of-living increase in the last four years after the release of government data showing that inflationary pressures are cooling.

International Business Times

Saving to Be a 401(k) Millionaire? Plan for Taxes Now

Your tax bite in retirement could be excruciating. Here's why super savers need to get serious about protecting themselves.

Kiplinger

Official US poverty rate declined in 2023, but more people faced economic hardship

The number of Americans living in poverty, according to the nation’s official definition, fell slightly to about 36.8 million in 2023, the Census Bureau announced on Sept. 10, 2024. The data released also indicated that the poverty rate declined a little. However, an alternative way to measure poverty ticked up,…

The Conversation

Medicare Data Breach Impacts Almost 1 Million Subscribers

Following the Medicare data breach, you can continue to use your existing Medicare card; beneficiaries with compromised Medicare Beneficiary Identifiers will be sent a new card with a new number.

Kiplinger

How Medicare could change under a Trump or Harris presidency

Which candidate wins in November could have a major impact on Medicare and its beneficiaries.

Fortune

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Kiplinger

Retirement is 'Comfortable' for Three in Four Americans, Survey Finds

In a snapshot survey of views on retirement in the U.S., three in four retirees say they have enough money to live comfortably. Will you be able to say the same?

Kiplinger

Why You Should Expect a Lower Social Security COLA for 2025

Avoid the COLA social security dip in 2025 with a Health Savings Account

Top News

Affordability Crisis Impacting Economy: Congresswoman Clark Addresses Concerns

Congresswoman Katherine Clark discusses the affordability crisis, focusing on childcare and social security issues in the country.

Roll Call

In Congress, Walz championed tough fiscal medicine - Roll Call

Vice presidential nominee Tim Walz once signaled support for a controversial deficit reduction plan when he was a member of Congress.

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Tech&Learning

How A Two-Pronged Approach Helped To Protect Student (and Staff) Data

INNOVATIVE LEADER AWARD - One district has gone about protecting school and staff data by addressing the issue in two distinct ways.

Kiplinger

Five Things About Annuities That May Surprise You

They're more varied, flexible and cost-effective than most people think, so don't let their complexity scare you off.

Kiplinger

Social Security Administration Announces New Streamlined SSI Application

The new SSI application is intended to make the application process less burdensome and challenging.

Kiplinger

How Long $750,000 in Savings Plus Social Security Will Last in Every State

How long $750,000 plus Social Security will last depends on when you retire and where you live.

International Business Times

Voters in Seven Swing States Love Ending Taxes On Tipped Income: Poll

They were lukewarm about Harris' proposal to provide $25,000 for housing purchase assistance

International Business Times UK

66-Year-Old Who's Struggling With $1,601 Monthly, Share's Why She Refuses To Touch Her 401(k) Until She's 70

A retired teacher faces financial hardship despite her 401(k). She struggles to make ends meet on Social Security and hesitates to use her retirement savings.

Latin Times

Why Supplemental Security Income recipients were affected by a calendar glitch this month

SSI monthly checks are typically received the first day of the month, but since September 1 fell on a Sunday, the payments were sent out on Friday, August 30

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