The Latest Breaking News from Social Security

Are Your Retirement Savings Enough? 46% of Americans Aren't So Sure, BlackRock Finds

BlackRock found 46% of US voters lack confidence in retirement savings, while one-third have no personal retirement funds.

International Business Times UK · Jul 16

A 22% Social Security Cut Is Coming. Will the Senate Act?

Once the trust fund is empty, Social Security can pay out only what it collects. Yet few candidates are talking about this in any serious way.

Reason · Jul 16

Thousands of US military beneficiaries have data breached following TRICARE cyberattack — DoD Benefits Numbers and some Social Security numbers leaked

TriWest suffers an attack and loses TRICARE data on some 12,000 people.

TechRadar · Jul 16

Social Security Reform Could Lift Millions of Retirees Above the Poverty Line—But There's One Major Catch

The Social Security 2100 Act aims to boost retirement benefits above the poverty line, despite congressional challenges. Learn its potential impact on millions of older Americans and Social Security's future.

International Business Times UK · Jul 16

When Is a Roth Conversion a Bad Idea? 6 Situations Retirees Should Consider Carefully

A Roth conversion is a powerful tax-saving tool, but there are several situations where taking that leap might actually cost you more in the long run.

Kiplinger · Jul 15

American woman, 66, had just $10,000 saved for retirement. Dave Ramsey said, 'You'll be okay', then shared 3 tips to turn things around

A 66-year-old woman with minimal retirement savings sought advice from Dave Ramsey. Ramsey outlined a disciplined plan to help her build a stable retirement nest egg. This plan involves saving for a down payment and buying a modest home. The couple will continue investing fifteen percent of their income for…

The Economic Times · Jul 15

New York AG Charges Long Island Man With Fraudulently Collecting Over $100,000 in Social Security Disability Benefits

New York Attorney General Letitia James announced the arrest and indictment of Raymond Phillips, 40, of Huntington, Suffolk County, for allegedly fraudulently collecting more than $100,000 in Social Security disability benefits, according to an official announcement from the Office of the New York Attorney General (OAG).

The Free Financial Advisor · Jul 15

A Rare Bipartisan Push to Fix Social Security Emerges in the Senate as 2032 Funding Deadline and $500 Cut Threat Loom

A bipartisan group of senators introduced the Protecting Retirement Opportunities and Maintaining Income Security for Everyone (PROMISE) Act on Tuesday, seeking to establish a legislative process for Congress to consider long-term Social Security reforms before the program’s projected funding shortfall.

Benzinga · Jul 15

India-UK CETA to give fresh momentum to farmers, MSMEs and entrepreneurs, says PM Modi

Prime Minister Narendra Modi on Wednesday said the India-UK Comprehensive Economic and Trade Agreement (CETA) and the Social Security Agreement mark a major milestone in bilateral ties, strengthening economic links and creating new opportunities for businesses and skilled professionals.

The Economic Times · Jul 15

India-UK FTA comes into force: Industry hails ‘landmark moment’ for bilateral trade

The Comprehensive Economic and Trade Agreement between India and the UK is now active. This pact aims to significantly boost bilateral trade and economic growth for both nations. Tariffs will be reduced on numerous goods, making them cheaper for consumers. Indian professionals will benefit from extended social security contribution exemptions.…

The Economic Times · Jul 15