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The Latest Breaking News from Social Security

Trust funds that finance Medicare and Social Security are at risk of insolvency within 7 years, cutting benefits up to 24%, a new report warns

A couple turning 60 this year would face an $18,400 Social Security cut, according to the Committee for a Responsible Federal Budget.

Fortune

5 Ways To Stretch Your Social Security Check at Target

The current average Social Security payment is $1,976 a month. Target is known for deals that can help retirees stretch their Social Security checks.

GOBankingRates

Medicare and Social Security Trust Funds Could Go Broke by 2033-34

Two of America’s most important safety nets—Social Security and Medicare—are facing serious financial strain. Government reports project their trust funds could run dry between 2033...

Saving Advice

From analysis to the latest developments in health,
read the most diverse news in one place.

How Much Should the Average Middle-Class Boomer Have in Savings?

Discover how much middle-class baby boomers need to retire comfortably using expert-backed savings rules and personalized retirement planning tips.

GOBankingRates

COLA Drop Incoming: 2026 Social Security Bump Won’t Match Inflation

Millions of retirees count on their annual Social Security Cost-of-Living Adjustment (COLA) to keep pace with rising prices. But forecasts for 2026 suggest a smaller...

Saving Advice

When Medicare Part B Premiums Might Swallow Your Entire COLA Raise

Retirees wait all year for their Social Security Cost-of-Living Adjustment (COLA)—only to watch it vanish when Medicare Part B premiums rise. For 2026, projections suggest...

Saving Advice

Half of Retirees Cutting Meals and Medicine Because Benefits Aren’t Keeping Up

Retirement used to mean stability, but for millions of seniors, the math no longer works. Rising housing, healthcare, and grocery costs are outpacing Social Security...

Saving Advice

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Secret Rules That Let Social Security Reclaim Overpayments Years Later

Imagine thinking your benefits are secure—only to receive a letter from the Social Security Administration (SSA) demanding thousands back. That’s the reality for many retirees...

Saving Advice

IRS Names Its First CEO: But He’s Also Still Running Social Security

Will this new role make it difficult to address emerging issues like budget and staffing cuts and customer service concerns?

Kiplinger

Why Many Seniors Underestimate Their Tax Bills After Retirement

Many retirees expect lower taxes once they stop working—but that assumption often backfires. Retirement income isn’t as tax-free as people think. Social Security, pensions, withdrawals,...

Saving Advice

Frugal Retirement: 10 Ways To Cut Costs and 5 Ways To Make Money Without Going Back to Work

If you are short on funds in retirement, here are some ways to mitigate the problem.

GOBankingRates

Suze Orman’s Biggest Investing Mistake

After selling her stock and watching its value soar, Orman bit the bullet and bought it again, at a much higher price than she'd originally paid.

GOBankingRates

Pete Buttigieg Says Trump's Most 'Basic' Job Is To Keep The Government Running And He's Failed At It: 'Shutdown Is Hurting Americans'

Biden-era Transportation Secretary Pete Buttigieg on Monday blasted what he called President Donald Trump's party-driven government shutdown, arguing it is "hurting Americans in countless ways already" as key consumer, health and social services slow or stall.

Benzinga

Trump budget director pushing Social Security overhaul to cut disability benefits for hundreds of thousands of Americans: report

Critics fear proposed changes from White House budget chief Russell Vought mark biggest-ever cuts to disability insurance

The Independent UK

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Kiplinger

What the Government Shutdown Means to Retirees

Depending upon how long it lasts, a government shutdown can impact your daily life, including seeing family, managing your health, and enjoying your free time.

Kiplinger

Are You Entitled? A Social Security Spousal Benefits Quiz

Test your knowledge of Social Security spousal benefits in our quick quiz.

GOBankingRates

3 Changes to Social Security That Retirees Should Worry About in 2026

While retirees shouldn't panic over the following changes coming to Social Security next year, they should understand them, prepare for them and adjust budgets

Axios

Social Security chief to be IRS CEO

Treasury Secretary Scott Bessent will remain acting commissioner.

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news in one place.

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Dinks Finance

What Happens When Couples Outlive Their Insurance Coverage?

Most couples purchase life insurance with the hope that it provides financial protection during critical years—when mortgages are hefty, children depend on them, or income streams are at risk. But what happens when couples outlive their insurance coverage? Suddenly, the safety net they counted on is gone, leaving them to…

GOBankingRates

4 Key Signs Your Social Security Check Might Be Smaller Than You Thought

There are several reasons why you could be surprised (or even disappointed) to find out that your Social Security payments are smaller than you expected.

International Business Times

Social Security 2026 COLA: How Much Increase Retirees Can Expect — And Why Many Might See Less in Their Cheques

Analysts forecast a 2.6–2.7% Social Security 2026 COLA increase, yet rising Medicare premiums may cut the real gains for millions of retirees.

Benzinga

Elizabeth Warren Says Trump Is 'Plotting' To Reduce Social Security Benefits For Older Americans: 'We Must Call It Out And Stop These Cuts'

On Sunday, Sen. Elizabeth Warren (D-Mass.) took to X to accuse Donald Trump of planning to reduce Social Security benefits for older Americans.

GOBankingRates

I Asked ChatGPT How Trump’s Tax Law Could Save Retirees Thousands: Here’s What It Said

ChatGPT reveals how Trump’s tax law could end up saving some retirees thousands. Learn about deductions, phaseouts and planning tips to maximize benefits.

Budget and the Bees

13 Little Known Crimes Women Rarely Hear About

Most women are aware of the major crimes that dominate headlines, but there are many lesser-known offenses that can impact everyday life. These little known crimes often fly under the radar, yet they can have serious consequences. Understanding them is important for personal safety and financial well-being. Knowing about these…

GOBankingRates

4 Things To Do If Your Social Security Checks Aren’t Big Enough

Many seniors say their Social Security checks aren't enough. Discover some smart ways to boost your income and uncover benefits that you may be missing.

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