The Latest Breaking News from Social Security

A Crisis Is Looming Large as Nearly 50% of Americans Are Entering Retirement With Nothing Saved

New data has revealed that almost half of U.S. workers have stopped saving for the future, and 46% don't have a single dollar sitting in their retirement pot. Fortunately, there are still steps you can take now to start building wealth for retirement.

Barchart · Sep 18

Retired Couples Budget for the Funeral — But the Bigger Financial Shock Can Come Afterward

Many retired couples have at least discussed how they would pay for a funeral, whether through savings, life insurance, prepaid arrangements, or money set aside...

Saving Advice · Sep 18

63 million Americans face Social Security cuts as voters demand action

IN FULL

The Independent UK · Sep 18

Social Security Corrects Error in New Cardiovascular Disability Rules — What Claimants Should Know

The Social Security Administration has issued a technical correction to its recently revised rules for evaluating cardiovascular disorders in disability claims, but people applying for benefits shouldn’t interpret the update as another change in eligibility requirements.

The Free Financial Advisor · Sep 17

Social Security Update: Social security survivor benefits may soon see a major change; know why this new bipartisan bill matters for millions of Americans

Social security update: A new bipartisan proposal in Congress could change the way families apply for Social Security survivor benefits, introducing online tools that would allow surviving spouses, children and dependent parents to schedule SSA appointments and eventually submit applications digitally. The proposed Survivor Benefits Application Modernization Act comes as…

The Economic Times · Sep 17

Divorced at 45? These 7 Money Decisions Suddenly Matter More

Divorced at 45? The financial decisions made after the paperwork gets signed can matter almost as much as the decisions made during the divorce itself. At that age, there may still be decades of earning, saving, investing, and retirement planning ahead, which makes it important to avoid turning a difficult…

Clever Dude · Sep 17

Social Security Expanded Its Online Disability Tools — Here’s What Claimants Can Do Now

Waiting on a Social Security disability decision can mean months of uncertainty, and even a simple question like “Where is my case now?” can become...

Saving Advice · Sep 16

At 65 With No Retirement Savings, What Options Are Actually Left?

Turning 65 with an empty retirement account can make retirement feel less like an approaching milestone and more like a financial emergency. There is no...

Saving Advice · Sep 16

Fed Raises Rates a Quarter Point, First Increase Since 2023

The Federal Reserve raised its benchmark interest rate by a quarter percentage point on Wednesday, the first increase since July 2023. The Federal Open Market...

Saving Advice · Sep 16

EPF wage ceiling hike: Lesser take home salary for these employees; know how you will be impacted

In a significant update, the EPFO wage ceiling limit has been modified to Rs 25,000 monthly. This modification will add fifty-one lakh workers to the social security umbrella. With this change, both employee and employer contributions will go up from Rs 1800 to Rs 3000, potentially cutting monthly take-home pay…

The Economic Times · Sep 16