Browsing Tag
Social Security
396 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.
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
Long-Term Inflation Forecast Sees 2025 with Lowest Social Security COLA Since 2020
The Senior Citizen’s League says early indications show next year’s increase could fall well below this year’s 3.2% raise
January 18, 2024
New Brief Argues for Reallocating 401(k) Tax Expenditures to Social Security
The CRR at Boston College claims that rollbacks from 401(k) tax preferences could help Social Security's long-term funding gap
January 16, 2024
Haley Doubles Down on Raising Social Security Retirement Age for Younger Americans
During Wednesday’s Republican debate with Ron DeSantis, presidential candidate reiterates need to raise full retirement age for those in their 20s and younger
January 11, 2024
Retiring on the Cheap: 5 Countries, 7 U.S. Cities Where You Can Retire on $2,000 a Month
Two new studies reveal places where relying on Social Security benefits can still mean a comfortable standard of living in retirement
January 9, 2024
7 Key Social Security Metrics for 2024
Changes mean higher benefits, higher taxable limits
January 5, 2024