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The Latest Breaking News from Social Security

Lori Vallow is facing life in prison for her children’s murders. We only know one side of the story

Lori Vallow shocked the court when she refused to put on a defence case against murder charges. Now, as jurors retire for deliberations, the only story they have about what happened to her children and Tammy Daybell is the one laid out by the state of Idaho. Rachel Sharp reports

The Independent UK

Lori Vallow ‘groomed’ and ‘manipulated’ Chad Daybell and Alex Cox to kill, prosecutor says in closing argument

In closing arguments, prosecutor Rob Wood argued that Lori Vallow was driven by ‘money, power and sex’ – and that she used all of those things to manipulate her alleged accomplices to do her bidding

The Independent UK

The danger of America’s ageing politicians

As the occupants of the White House and Congress grow older, how will generational conflicts define the future of American politics? Josh Marcus reports

The Independent UK

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Will You Pay Higher Taxes in Retirement?

Your Social Security income and RMDs will most likely combine to deliver a tax torpedo, but there are ways to reduce your income in retirement to pay less tax.

Kiplinger

Weekly US Government Data Roundup: May 9, 2023

In 2019, about 50% of American households had no savings in retirement accounts.

USAFacts

People with chronic pain could be due up to £691 each month through PIP or ADP

More than 175,300 people are receiving support for chronic fatigue syndrome, fibromyalgia and pain syndromes.

Daily Record

Debt Ceiling Prospects Look Grim as Political Leaders Meet Today

The debt ceiling prospects look grim as bipartisan political leaders meet today for the first time on the issue. There are only about three weeks left until Treasury Secretary Yellen says the risks emerge on June 1 for a U.S. sovereign debt default. Specifically, President Biden today will meet with...

Barchart

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Food banks are taking over from the welfare state, warns Gordon Brown

Former Labour PM, writing in the Observer, calls for action as charities increasingly take over role of social security system

The Guardian - UK

Three groups of people on PIP who may see benefit fast-tracked to new devolved payment

More than 319,000 existing PIP claimants in Scotland will be moved to Adult Disability Payment by 2025.

Daily Record

10 Strategies to Consider When Retiring During a Volatile Market

If you're retiring when the stock market is volatile, there are strategies to follow to be more in control.

Kiplinger

Failing to Reform Social Security Means Mandatory Cuts

Social Security will become insolvent in the early 2030s if Congress does nothing.

Reason

Trump’s Hill backers often voted like DeSantis on entitlements - Roll Call

Trump’s has targeted DeSantis’ congressional votes that endorsed changes in seniors' benefits. Some Trump backers voted the same way, however.

Roll Call

Social security schemes safeguard underprivileged from financial vulnerability: FM

Finance Minister Nirmala Sitharaman on May 9 said three social security schemes, including PMJJBY and PMSBY, aim to provide essential financial services to citizens.

The Hindu

Yellen warns of 'calamity' unless Congress raises the debt limit. What's the holdup?

The treasury secretary warns that the U.S. could default on its debt by June 1, with disastrous economic consequences. GOP Rep. Dusty Johnson explains why Republicans insist on adding conditions.

WEKU

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Chicago Sun-Times

Firefighters’ pension bill could cost Chicago taxpayers $3 billion, city official says

The bill increasing pension benefits for Chicago firefighters hired after Jan. 1, 2011, is co-sponsored by state Sen. Cristina Pacione-Zayas, whom Mayor-elect Brandon Johnson has picked to serve as his deputy chief of staff

Kiplinger

How the Debt Ceiling Impacts Your Finances

If Congress doesn’t raise the debt ceiling soon, the U.S. could default, sending borrowing costs higher and possibly delaying Social Security payments.

Kiplinger

Here’s a Way to Save Social Security and Defer RMDs

People who don’t need Social Security benefits could opt out of receiving them in exchange for not being forced to take required minimum distributions.

The Guardian - AU

ParentsNext has finally been axed but it remains to be seen if other punitive programs will be abolished

Its abolition was long overdue and the Albanese government is to be commended for heeding the calls of experts and advocates

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The Hindu

Gig workers for additional levy on aggregators, apps to fund welfare schemes

Telangana Gig and Platform Workers Union suggested that a levy be added per transaction in the State to provide social security for Gig workers

The Hindu

Additional contribution of 1.16% for higher pension to be drawn from employers' payout

Additional contribution of 1.16% of basic wages for subscribers opting for higher pension will be managed from employers’ contributions to social security schemes run by retirement fund body Employees’ Provident Fund Organisation (EPFO.)

Daily Record

People with any of these five health conditions may be due up to £691 each month

Over 540 conditions are supported through Adult Disability Payment and PIP.

The Guardian - AU

Welfare advocates welcome Centrelink rule change to help domestic violence victims

Officers will have to consider whether domestic violence is a factor when determining if welfare recipient is part of a couple

Tom’s Guide

Aura identity theft protection review

Aura combines extensive monitoring and malware protection to keep your identity and personal information safe from cybercriminals.

TechRadar

T-Mobile reveals another major data breach

Customer names and Social Security Numbers were among the sensitive data stolen from T-Mobile users.

Fortune

How to pay off debt and save for retirement at the same time

Looming debt balances might tempt you to put saving for retirement on the backburner, but doing so could hurt you in the future. Here’s how to make progress toward both of these goals.

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