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The Latest Breaking News from Social Security

Pensioners’ associations seek universal pension for senior citizens

At Mysuru's Pensioners' Conf., senior citizens demand universal pension of ₹3,000/month. Convenor of Coordination Committee of Pensioners' Association of Mysuru, Krishnamurthy C.R., highlights need for social security measures like other countries. 10 crore senior citizens in India have no source of income. Push cart vendors unable to push carts after…

The Hindu

Benefits of Doing Roth IRA Conversions Early in Retirement

Retirees could cut their lifetime tax burden as well as minimize taxes’ impact on the long-term wealth of their heirs.

Kiplinger

No, Joe Biden’s not too old to run again

Joe Biden is better at 80 than at 50, Mona Charen writes. The numbers show that, if he wins, he’s likely to make it through a second term as president just fine.

Chicago Sun-Times

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When Is the Right Time to File for Social Security?

Some say you should claim your benefits ASAP, while others say wait until 70. The bottom line: What works for someone else might not work for you. Here are some considerations.

Kiplinger

Four Tips to Help You Conquer the Retirement Mountain

Getting to retirement is only half the goal. That’s why having a cash cushion, minimizing taxes and more are so important to having a successful retirement.

Kiplinger

How to protect your retirement assets from inflation: Morningstar

Inflation peaked in June 2022 at 9.1%, but it still stood at 3.2% in July, above the Federal Reserve’s target of 2%.

The Street

With more than one lakh beneficiaries, Thiruvananthapuram Corporation has maximum number of social security pensioners

The number of social security pension beneficiaries have crossed 1 lakh in the Thiruvananthapuram Corporation, which has the highest number of beneficiaries among all local bodies in Kerala.

The Hindu

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Colorado says millions had their healthcare data stolen after MOVEit breach

More than four million people had their data taken, including Social Security Numbers and postal addresses.

TechRadar

What Every Woman Needs to Know About Social Security

Given women’s longer lives and lower earnings, it’s more important than ever to understand how the complex rules of Social Security benefits apply to you.

Kiplinger

Could Supplemental Income Strategies Work for Your Retirement?

Financial tools that are sheltered from swings in the markets or take advantage of rising interest rates could help see you through your golden years.

Kiplinger

Happy Birthday, Social Security: Celebrate by Avoiding These Three Mistakes

As Social Security commemorates its 88th year, here are a few things to keep in mind when you start thinking about claiming benefits.

Kiplinger

Are You Mistakenly Dead to the IRS?

A new report says the IRS placed 'deceased locks' on accounts of more than 90,000 taxpayers who weren’t dead.

Kiplinger

Baby Boomers Are Hitting Peak 65. What It Means For Retirement Planning.

More Americans turn 65 next year than at any time in history. And they could swamp retirement planning, investing, taxes and health care.

Investors Business Daily

Boomer retirees’ 2024 COLA is still set to get slashed by more than half

Social Security's 2024 COLA will be far less generous than this year's.

Fortune

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Kiplinger

Three Reasons to Claim Social Security as Soon as You Retire: Why Wait?

Let’s consider a couple of scenarios where it might make more sense to opt into your Social Security benefits sooner rather than later.

Kiplinger

Tax Benefits of Hiring Your Kids Plus IRS Rules to Follow

Hiring your child can potentially lower your tax bill and help kids develop skills, but there are some rules you need to know — and follow.

Kiplinger

The High Costs of Senior Caregiving

Out-of-pocket costs for caregivers average about $7,000 per year. Here's how to get some help.

The Guardian - AU

Up to 100,000 Centrelink debts or potential debts miscalculated over two decades, ombudsman finds

‘Unlawfully apportioning’ income could cause incorrect calculations on welfare payments but practice unrelated to robodebt, report says

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Crikey

‘Disappointing’: Labor blocks robodebt royal commission recommendation

The robodebt royal commission recommended scrapping a rule that allows the government to chase debtors in perpetuity. Labor voted against it.

The Hindu

Distribution of ₹1,729-crore social security pensions to begin in Andhra Pradesh on August 1

The Andhra Pradesh government has made all arrangements for the distribution of social security pensions under the YSR Pension Kanuka scheme on August 1 (Tuesday). Deputy Chief Minister Budi Mutyala Naidu, in a statement on July 31 (Monday), said that the pension of 62.77 lakh beneficiaries for July would be…

The Hindu

Fresh clause in T.N. welfare scheme to benefit families of manual, inter-State migrant workers

If a manual worker dies due to an accident at a worksite, his/her nominee or legal heirs are eligible for financial assistance for transportation of the body of the worker, from hospital to their native place. It would apply to inter-State migrant workers too and a clause to this effect…

The Guardian - UK

‘I’m desperate’: Single mother students forced to repay benefits paid in error

DWP asks one postgraduate to find £24,000 despite being told she was entitled to the universal credit claim

Zenger

Federal Government’s Massive Fiscal Shortfall Revealed In Treasury Report

U.S. Treasury's Shocking Report: $124.1 Trillion in Debts and Unfunded Obligations

The Street

What Is Insolvency in Business? Definition & Possible Outcomes

Insolvency is the inability of an entity to pay its debts. In business, this usually means that a company’s liabilities (debts) are worth more than its assets, or more than the company itself. Were an insolvent company to liquidate its assets, it still wouldn’t have enough money to meet all…

Barchart

Looking to Retire? What is the Ideal Retirement Age?

Retirement continues to cause stress for Americans, as 44% state they're not on track to retire with the lifestyle they want. Here's how to fix that.

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