The Latest Breaking News from Social Security

You Paid for a Funeral — But Can You Get Any of That Money Back?

You put $8,000 on your credit card to cover a parent’s funeral because the arrangements couldn’t wait. Between the funeral home, burial costs, transportation, and...

Saving Advice · Oct 16

Got Your Social Security COLA Notice? Check These 5 Numbers Before Filing It Away

Social Security’s 2027 cost-of-living adjustment is officially 3.6%, but that doesn’t mean every retiree will see the same increase in their bank account. The Social...

Saving Advice · Oct 16

What Age Should Your Financial Plan Assume You’ll Die?

Your financial plan needs an age at which you stop earning, spending retirement savings, and paying for life’s ordinary surprises. The trouble starts when that age quietly becomes a prediction of your death. Plan for too short a life, and your money could run out while you still need it.…

The Free Financial Advisor · Oct 16

Social Security COLA 2027 Hands Retirees a Bigger Cheque, but Medicare and a 2032 Shortfall Could Claw It Back

Social Security's 3.6% COLA for 2027 adds about $75 a month from January, but a Medicare premium rise and a looming 2032 trust fund cut will erode the gain.

International Business Times UK · Oct 16

A $75 Social Security Raise Sounds Good — Until You Look at What Inflation Is Doing

An extra $75 in a monthly Social Security check sounds like welcome news, especially for retirees watching every dollar. That is roughly the average increase...

Saving Advice · Oct 15

Social Security’s 2027 COLA Is Here — What It Adds to a $1,500, $2,000 and $3,000 Check

Millions of Americans finally have an answer to one of the biggest retirement questions of the year: How much will Social Security checks increase in...

Saving Advice · Oct 15

Social Security's COLA Increase is The Same For All States, but Can Buy 27% More in Mississippi Than California

The average monthly retirement benefit will climb from $2,095 to $2,170.

International Business Times · Oct 15

Social Security Is Running Out of Money. Benefits Are Rising 3.6% Next Year Anyway.

Congress has yet to address a looming funding shortfall that could leave the retirement program unable to pay 22 percent of scheduled benefits by 2032.

Reason · Oct 15

The Federal Government Collected $5.4 Trillion. It Still Can't Pay Its Bills.

Entitlement spending, defense spending, and interest payments on the debt continue to climb.

Reason · Oct 15

Could You Live on Your Future Retirement Income for 30 Days? Try This Test

Retirement planning gets a lot more interesting when the question changes from how much money you have saved to how much you can actually spend each month. A 30-day retirement budget test can expose the difference between a retirement that looks comfortable on paper and one that feels comfortable in…

The Free Financial Advisor · Oct 15