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The Latest Breaking News from Social Security

A Social Security Tsunami Could Hit Retirees in 2032 and Slash Their Monthly Payouts by 22%

Lawmakers only have a few years left to reach a deal and find a way to top up the country's Social Security trust fund. Meanwhile, retirement savers need to create their own contingency plans.

Barchart · Jun 30

Social Security Electronic Benefits Update: Why a White House Mandate Is Phasing Out Paper Cheques

The US Social Security Administration is phasing out paper cheques, following an executive order from Donald Trump that pushes federal agencies towards fully electronic payments by late 2025.

International Business Times UK · Jun 30

Some 60-year-old Americans can’t retire because they still have student loan debt

The average baby boomer owes $42,780 in federal student loans

The Independent UK · Jun 30

From analysis to the latest developments in health,
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Social Security’s $2,040 Monthly Rule: Who Qualifies?

If you’re 62 or 63 and ready to claim Social Security retirement benefits but still need some income from work, the Social Security $2,040 monthly...

Saving Advice · Jun 30

Louisiana Energy Aid: 5 Things To Look Out For Before Applying Online

High utility bills hit hard during Louisiana’s long, humid summers and occasional winter cold snaps, especially for households on tight budgets. Louisiana Energy Aid, also...

Saving Advice · Jun 29

Reverse Mortgage Questions Seniors Should Ask Before Using Home Equity

Reverse mortgages often get pitched as a way to unlock home equity during retirement, but the decision deserves careful attention. The structure of these loans can feel confusing, especially when lenders highlight benefits while downplaying risks. Seniors who rush into agreements without asking the right questions may expose themselves to…

The Free Financial Advisor · Jun 29

Trump Account Questions Parents Should Answer Before Opening One

Parents have a new long-term savings option to consider with the rollout of the federal Trump Account program. Children under 18 may be eligible to open one of these tax-deferred investment accounts, while qualifying children born between January 1, 2025, and December 31, 2028, can receive a one-time $1,000 federal…

Budget and the Bees · Jun 29

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Congress' $26 Trillion Stock Market Gamble: The Shocking Plan to Save Social Security With a Mountain of Debt

US Congress is debating Social Security reform to prevent a 22% benefit cut by 2032. Options include tax hikes, benefit cuts, or a $26 trillion borrowing plan tied to stock investments.

International Business Times UK · Jun 29

Platforms, IAMAI move Karnataka HC against gig workers welfare law

The petitions come after the state government did not respond to IAMAI's request to defer the levy of the gig workers' welfare fee until the Centre and the state evolve a mechanism to offset contributions under their respective laws, and notify specific welfare schemes for gig workers.

The Economic Times · Jun 29

Think Your Retirement Plan Is Perfect? Does It Address This Very Important Question? (It's Not About Money)

Today's retirement planning has a fundamental flaw: It focuses on how much money you need while ignoring the more important question — what you'll do with it.

Kiplinger · Jun 29

7 Key Financial Steps to Take Before You File for a Gray Divorce

Contemplating a gray divorce? Before calling in the lawyers, take time to understand your financial situation and the impact of dividing assets later in life.

Kiplinger · Jun 29

Social Security 2032 Crisis Hits Five States Hardest as Average US Benefit Faces $500 Monthly Cut

The 2026 Trustees Report pulls Social Security insolvency to late 2032 as Connecticut, New Jersey, New Hampshire, Delaware and Maryland retirees face the steepest monthly cuts.

International Business Times UK · Jun 29

Social Security is headed for a day of reckoning, and Congress is running out of time to save boomers. Lawmakers are proposing some hard choices

"Why should a middle-class nurse pay a larger share of her paycheck than a wealthy corporate lawyer?"

Fortune · Jun 28

Major Social Security Shift Triggers Comerica Direct Express Card Replacement For Millions

The US Social Security Administration is shifting its Direct Express prepaid debit card programme from Comerica Bank to Fifth Third Bank, affecting around 3.6 million beneficiaries.

International Business Times UK · Jun 28

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Bangkok Post · Jun 28

Fix pension injustice

Labour Minister Julapun Amornvivat's recent remarks signalling his willingness to move ahead with the Career-Average Revalued Earnings (CARE) pension formula are commendable. If officially adopted, the CARE policy would allow the government to correct one of the Social Security Fund's (SSF) most persistent injustices.

Budget and the Bees · Jun 28

Social Security Payment Questions Older Relatives Need Help With This Year

Helping an older relative manage Social Security payments has become more important than ever as payment rules continue to evolve and scammers become more sophisticated. Even seniors who have received benefits for years may have questions about payment methods, account changes, or what to do if something goes wrong. Family…

Kiplinger · Jun 28

How Benjamin Franklin's Simple Money Rules Could Help Lower Your 2026 Taxes

Start your midyear tax planning with these simple, timeless money rules.

Kiplinger · Jun 28

Avoiding the Widows' Penalty Tax Trap After a Spouse Passes

Many surviving spouses are surprised to discover that losing a partner can mean paying higher taxes on less income.

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The Economic Times · Jun 28

Social security payment: Waiting for handsome 401(k) retirement savings plan match? Employers likely to disappoint

401(k) retirement savings plan is a crucial one for employees. However, employers match is a crucial component.

Kiplinger · Jun 27

I'm a Retirement Coach: Why 'Healthy Fear' is Good For Your Future

Retirees worry about outliving their money, burdening their children, or making the wrong market move. But the right kind of fear can lead to better planning — and more peace of mind.

Kiplinger · Jun 27

Can Congress Fix Social Security's Funding Crunch?

If nothing is done, Social Security benefits will need to be cut by 22% in 2033.

The Economic Times · Jun 27

How to get a Germany EU Blue Card: Eligibility, salary criteria and application steps

Germany's EU Blue Card offers a prime route for skilled non-EU professionals to work and reside in the country. Meeting specific education, job, and salary thresholds, applicants can secure a permit that paves the way for permanent residency and even citizenship. Key benefits include faster settlement options and access to…

Kiplinger · Jun 27

An Expert Guide to Calculating How Much Money You Really Need in Retirement

Rather than fixating on a savings goal, pre-retirees should focus on building an income strategy that accounts for actual expenses and can adapt to changes.

The Independent UK · Jun 26

Nine states where you can retire without going broke

Retirees’ savings are on the brink just six years before Social Security payments could be cut by as much as 22 percent

The Economic Times · Jun 26

Two SSI payments in July, none in August? Find your July 2026 Social Security and SSI payment date and see when your SSA benefits will arrive

Social Security July 2026 payment schedule: Supplemental Security Income (SSI) is usually paid on the first day of each month. In 2026, July 1 falls on a Wednesday, so recipients will receive their July payment as scheduled. But because August 1 falls on a Saturday, the SSA will send August's…

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