Browsing Tag
Social Security
391 posts
Social Security is a U.S. government program that provides financial support to retirees, people with disabilities, and surviving family members. It’s primarily funded by payroll taxes and provides monthly benefits to those who have contributed to the system.
Early 2025 Social Security COLA Forecast Rises Again
The Senior Citizens League raises its outlook for next year’s cost of living adjustment to 2.4% based on latest inflation data released today
March 12, 2024
Biden Floats Billionaire Tax, Vows to ‘Protect’ Social Security
During State of the Union address, President says wealthy need to “pay their fair share” but measures face long odds in near term on Capitol Hill
March 8, 2024
T. Rowe Price Launches Social Security Tool Targeting Life Expectancy
The product includes a life expectancy model to understand at what age participants can yield the highest Social Security benefit
March 5, 2024
State of the Union: Will Biden Propose Social Security Expansion?
Speech Thursday could include call for expanding benefits by removing payroll tax cap
March 5, 2024
41% of Near Retirees Fail Basic Social Security Quiz
Nearly 80% failed or barely passed annual quiz from MassMutual; less than 1% got an A+
February 22, 2024
Saving Social Security (Without Eliminating 401(k) Tax Advantages)
New brief from The Conference Board offers series of steps to shore up the program’s troubled finances
February 20, 2024
Early 2025 Social Security COLA Forecast Inches Up on Inflation Data
Long-term projection still sits well below this year’s 3.2% increase
February 13, 2024
Economists Refute Biggs-Munnell Plan to Repeal 401(k) Tax Preferences to Boost Social Security
Eyebrow-raising brief from noted retirement experts sparks rebuttals from Cato Institute and Mercatus Center
February 2, 2024
SSA Responds to Bill Aiming to Cut Social Security Taxes for Retirees
Social Security Administration Chief Actuary Stephen Goss believes the enactment could extend payments on benefits for an additional 20 years
January 31, 2024
Democrat Bill Resurfaces to Eliminate Federal Taxes on Social Security
Rep. Angie Craig reintroduces “You Earned It, You Keep It” Act, which would also raise the Social Security payroll tax
January 30, 2024