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The Latest Breaking News from Social Security

Why the Trump Account Rollout Is Raising Questions About Social Security

As Social Security barrels toward projected cuts, a newly launched federal savings initiative could privatize the program.

Kiplinger

Spain jobless total falls below 2.3 million for first time since January 2008

The State Public Employment Service recorded 2,291,982 jobseekers in June, 28,739 fewer than in May, dropping below 2.3 million for the first time since January 2008. Social Security membership also hit a record high.

Euronews

EPFO's new social security rules tighten claim timelines, mandate digital compliance

New social security schemes under the Code on Social Security are now in effect, prioritizing digital compliance and faster claim settlements for provident fund, pension, and insurance. EPFO officials face a 12% annual penal interest for delays exceeding 20 days without valid reasons. Contribution structures remain unchanged, with a focus…

The Economic Times

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Babies Born During America’s 250th Celebration Will Get Limited-Edition Social Security Cards With Freedom 250 Logo

Babies born in the United States during America’s 250th birthday celebration will receive a first-of-its-kind commemorative Social Security card, the Social Security Administration announced Wednesday, extending the Trump administration’s growing slate of semiquincentennial keepsakes.

Benzinga

Could Extra Income Raise Medicare Premiums Two Years Later?

Picture this: You pick up some extra income this year through a rewarding side project, a profitable investment sale, or even a long-overdue bonus. Two...

Saving Advice

What Bobby Bonilla Day Can Teach You About Retirement

His million-dollar July 1 paycheck isn't something most people can replicate, but the idea behind it can help you build a stronger retirement plan.

Kiplinger

The First Lady Effect? American Parents Stopped Naming Their Babies 'Melania' After Trump's First Term

The name Melania briefly entered America's top 1,000 baby names in 2017, the year Melania Trump became First Lady, before disappearing from the rankings again.

International Business Times UK

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Social Security Issues Urgent 6-Year Warning: Why 63 Million Americans Face an Automatic $500 Monthly Cut

The US Social Security system warns of a potential 22% benefit cut by 2032 due to fund depletion, affecting 63 million Americans. Congress must act to prevent financial strain on retirees.

International Business Times UK

EPF Scheme 2026 replaces EPF Scheme 1952: Have EPF interest rate, contribution and wage ceiling changed?

EPF Scheme 2026: The Employees' Provident Funds Scheme, 2026, has replaced the 1952 version, bringing the EPF under the new Social Security Code. While key benefits like contribution rates and UAN remain unchanged, the new framework emphasizes digital processes and introduces stricter governance for exempted trusts.

The Economic Times

Karnataka HC judge recuses from hearing gig worker welfare law petitions

Justice Suraj Govindaraj recused himself from hearing petitions challenging Karnataka's gig worker law due to a potential conflict of interest. The law, aimed at providing social security, is contested by industry bodies like IAMAI and platform aggregators. They argue it conflicts with national legislation and raises concerns about duplicate financial…

The Economic Times

This Changes Your Social Security Decision (Especially if You're in the 2% Club)

If you have a pension and $1 million-plus saved, deciding when to take Social Security is about optimizing your taxes, legacy planning and long-term income.

Kiplinger

EPF Scheme 2026: Your provident fund is getting simpler, smarter and more digital

India's provident fund system has undergone a significant overhaul with the introduction of the Employees' Provident Fund Scheme, 2026, replacing the 1952 version. This modernization prioritizes digital compliance and simplified processes, aligning with new labor codes. Key changes include easier partial withdrawals for members and enhanced governance for employers, aiming…

The Economic Times

'I'm Worth More Dead Than Alive': Millions of Americans in Their 60s Can't Retire Due to Student Loans

Student debt affects over 3 million Americans aged 62 and older, delaying retirement and impacting Social Security benefits. Learn about the financial strain and challenges faced by older borrowers.

International Business Times UK

Best 5 Law Firms in St. Petersburg You Should Know

Finding the right legal representation starts with choosing a law firm that has experience handling the type of legal issue you are facing.

inkl

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Saving Advice

Social Security’s $65,160 Limit: Why Birthdays Matter

If you plan to keep working while collecting Social Security before full retirement age, the month and year of your birthday can mean the difference...

Budget and the Bees

7 Retirement Moves Families Should Make Before a Parent Leaves Work in 2026

Retirement is one of the biggest transitions a family will experience, and preparing before a parent leaves work in 2026 can make that change far less stressful. While many people focus on savings alone, retirement planning for families also involves healthcare, legal documents, income timing, and open communication. Taking action…

Barchart

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.

International Business Times UK

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.

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The Independent UK

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

Saving Advice

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

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...

The Free Financial Advisor

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…

Budget and the Bees

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…

International Business Times UK

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.

The Economic Times

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.

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