Browsing Tag
Social Security
398 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.
Older Adults Greatly Underestimate Social Security Benefits: NBER Research
Working paper shows that on average they shortchange monthly income by $158 per month or nearly $2,000 per year
2024 Social Security COLA Could Drop Below 3%
Looming recession could mean next year’s cost-of-living adjustment will fall well short of this year’s historic 8.7% raise
Biden’s Budget Seeks Ban on ‘Mega-Roth’ IRAs
The $6.8 trillion budget released today, deemed “DOA” by House Republicans, includes a variety of tax increases for wealthy
Nikki Haley Proposes Changing Retirement Age
The former South Carolina governor called for changes in retirement age and Medicare Advantage plans, but did not provide specifics
4 Senators Want Americans to Wait Until 70 to Claim Social Security
Bipartisan legislation introduced this week proposes two key changes that would encourage people not to claim early
George Fraser and Shlomo Benartzi: The Power of Pennies
Cover Story: How the elite advisor and behavioral economist are using “change” (instead of percentages) to dramatically change participant outcomes
Bernie Sanders Reintroduces Bill to Increase Social Security Benefits, Extend Solvency
Legislation comes at a time of heightened interest as CBO forecasts spike in spending and debt ceiling debate looms
Most Expensive Cities to Retire: Where $1 Million Isn’t Enough (And Where it Is)
One state has 12 of the 20 most expensive metro areas for retirement, where a nest egg much larger than $1 million is needed for a comfortable retirement
Biden State of the Union Moment: Bipartisan Agreement on No Cuts to Social Security and Medicare?
President gets both sides to “stand up for seniors” during strange exchange, but Republicans say he misstated their position from the outset
McCarthy Takes Social Security Cuts Off the Table in Debt Ceiling Debate
Speaking to reporters Wednesday, Sen. Joe Manchin says the House Speaker agreed not to propose Social Security and Medicare cuts during negotiations to raise the debt limit