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.
Official 2024 Social Security COLA Announcement Set for Oct. 12
Final forecast predicted 3.2% raise which would be less than half of 2023’s inflation-fueled 8.7% bump
Social Security Checks Still Sent in Event of Government Shutdown
With a partial federal government shutdown on tap if an agreement isn’t reached by midnight Saturday, Social Security beneficiaries can rest assured benefits will still be paid
The Very Real Fears of Retirees and Pre-Retirees: Running Out of Money
New research finds just 1 in 4 retirees and age 50+ workers think they can afford to maintain a comfortable lifestyle throughout retirement
Participants Worried About Higher Taxes on 401(k)s
Latest Allianz Life study finds future tax increases on tax-deferred retirement accounts are top of mind alongside continued fear of an imminent market crash and little confidence in future of Social Security
Retired or Not? Report Finds Many Who Recently Retired Seek Return to Work
T. Rowe Price study finds millions of retirees returning to part- and full-time work in search of financial and emotional benefits
Dems Reintroduce Bill to Shield Social Security Payments from Garnishment
Legislation comes as federal student loan payments set to resume in October
Final 2024 Social Security COLA Estimate Before the Real Thing: 3.2%
Last forecast increases slightly while the official cost of living adjustment for next year will be announced on Oct. 12
Andrew Biggs Explains Why There Really Is No Retirement Crisis
Andrew Biggs, Senior Fellow at the American Enterprise Institute and a former Deputy Commissioner of the Social Security Administration, explains why he thinks most Americans probably are indeed saving enough for retirement, and how what he says are “flawed” calculations exaggerate the shortfall of Social Security’s retirement income replacement rate.
Biggs: Social Security Exaggerates Shortfall of Retirement Income Replacement Rate
New working paper says retirement income security is actually improving while agency’s flawed calculation method makes it appear a “crisis” is brewing
Nikki Haley Again Calls for Raising the Retirement Age
The former South Carolina governor proposed increasing the full retirement age for Gen Z and Millennial workers