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The Latest Breaking News from Social Security

With so many headlines surrounding Social Security these days, what is fact and what is fiction? For instance, will the program really run out of money?

Kiplinger

Daughter Embarrassed That Her Well-Off Mom Uses Food Banks, But It Could Be a Sign of Dementia

In post-COVID-19 America, the average food bank visitor has changed from the elderly and disabled to the average working family, struggling to make ends meet. When a well-off woman in her 70s insists she is also entitled to these resources, her concerned daughter takes to Reddit for answers.

International Business Times UK

Boomer Reveals Heartbreaking Reason He Wishes He Claimed Social Security Earlier Than 70: 'I Regret Always Planning For The Future'

75-year-old Tim F. wishes he had claimed his Social Security earlier to fulfil his plans of spending it together with his wife, Sarah, who passed away at age 68.

International Business Times UK

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Devolution of disability benefits hits major milestone

THE transfer of benefits to Scotland’s social security system from the UK Government has reached a major milestone.

The National (Scotland)

80-Year-Old Californian Contemplates Suicide After Losing $720K Life Savings To Scammer

Alice Lin, a Southern California widow, is now leveraging new laws to win her case against JPMorgan for allowing fraudulent transactions despite multiple red flags.

International Business Times UK

In South Texas congressional race, Monica De La Cruz and Michelle Vallejo spar over health care

The topic is playing a major role in one of Texas’ only competitive congressional races this year as the competitors debate Medicare, abortion and expanding coverage.

The Texas Tribune

Clock Is Ticking for New Jersey Lottery Winner To Claim $1.13B Jackpot as Experts Argue Over the Best Cashout Option

The elusive winner of the $1.13 billion Mega Millions drawing in March has another six months to claim the prize. The unclaimed winning ticket was sold in the Neptune Township of Monmouth County, New Jersey.

International Business Times UK

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October Social Security Payouts: Hundreds Of Dollars Added For Many Recipients—Check Your Payment Date

Social Security checks are generally issued starting on the second Wednesday of each month, but some payments like SSI benefits arrive much earlier.

International Business Times UK

2.9 Billion Records, Including Millions of Social Security Numbers Leaked as Background Checker Suffers Massive Data Breach

National Public Data recently confirmed that it suffered a data breach involving Social Security numbers, names, email addresses, and phone numbers of millions of Americans.

International Business Times UK

Need to Save More for Retirement? You're Not Alone, Says Study

A new Bankrate survey shows that 57% of Americans feel behind on their retirement savings. Here's what you can do.

Kiplinger

Gen X: We Need to Talk About Your Retirement

Juggling kids, aging parents and work? No wonder you don't want to talk about your own retirement. But there are four key areas you should be discussing now.

Kiplinger

How Much Do You Need for a Comfortable Retirement?

What you need to be comfortable in retirement won't be the same as what your neighbor might need. Here's a scenario in which $1 million might be enough.

Kiplinger

Six Changes to IRAs and 401(k)s in 2025

The 2025 rule changes for Roth and traditional IRAs could mean more money for your retirement. But you have to pay attention to reap the rewards.

Kiplinger

What is Medicare tax and and who pays it? Experts explain

Medicare funding comes from a combination of government contributions, payroll taxes, and monthly premiums paid by Medicare beneficiaries.

Fortune

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Reason

Don't Expect a Return to the Trump Economy

If the former president wins the 2024 race, the circumstances he would inherit are far more challenging, and several of his policy ideas are destructive.

Kiplinger

Capital Gains in Retirement: Managing RMDs, Taxes, Social Security and Medicare

Capital gains tax can significantly impact your funds and financial planning for retirement.

International Business Times UK

45% Americans Could Run Out Of Money In Retirement Despite Financial Planning: 4 Mistakes To Avoid

Americans who have saved their entire lives in retirement plans face the risk of going broke in their golden years because many deplete their funds severely through premature withdrawals and lack proper tax planning for post-retirement income.

International Business Times UK

Pelosi's Husband Sold $500K in Visa Shares Just Before DOJ's Lawsuit Hit, Tanking the Stock

Nancy Pelosi's husband, Paul Pelosi, sold 2,000 Visa shares less than three months before the US DOJ filed a lawsuit alleging the payments giant engaged in unlawful actions that cost Americans billions of dollars in additional fees.

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International Business Times UK

2 Million Social Security Recipients to Gain $360 Monthly? US Congress Prepares to Tackle WEP, GPO Benefit Cuts

House lawmakers in Washington have sufficient signatures on a discharge petition to force a vote on the Social Security Fairness Act, which would repeal laws that reduce Social Security benefits for certain pensioners.

International Business Times UK

US Social Security Administration To Issue Two SSI Payments in One Month Due to Technicality

Supplemental security income (SSI) checks are issued on the first day of the month. However, they arrive earlier if the first falls on a weekend.

USAFacts

How many people receive government assistance?

In 2022, around one in three Americans was enrolled in at least one government assistance program, including nearly half of all American kids.

Latin Times

Retirement Investment In Volatile Times: Insights From Experity Wealth

The Fed's tightening has had a ripple effect across the economy, slowing down housing demand and cooling the tech sector, which had seen explosive growth during the pandemic.

Barchart

84 Year Old Nancy Pelosi Is Worth $120 Million, But She Still Collects This Much in Social Security Every Month

Pelosi's financial portfolio is valued at an estimated $120 million, yet despite her substantial fortune, Pelosi still qualifies for and receives Social Security payments,

Kiplinger

The Key Presidential Campaign Issues of 2024

Donald Trump and Kamala Harris stake out their positions on trade, immigration, and taxes.

Kiplinger

Do You Stop Paying Taxes on Social Security at a Certain Age?

There’s some confusion over whether you can escape taxes on Social Security benefits based on age.

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