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.
Inflation Moderating, But Will Social Security Recipients Catch Up?
New analysis from The Senior Citizens League finds the average Social Security benefit has fallen short of inflation by more than $1,050 since the start of the pandemic
2023 Changes to 401(k), HSA Contribution Limits and a Historic Social Security COLA
The New Year means new annual contribution limits for various retirement plans take effect, as well as an 8.7% Social Security raise
Social Security Benefits Need 23% Cut in 2034 Without Action: CBO
New report outlines scenarios while senior Treasury department official warns cuts would “decimate” retirees’ standard of living
2022 Social Security COLA Falling Well Short of Inflation
Average monthly benefit check trails inflation rate by 46%, The Senior Citizens League reports
Social Security Updates Website: What’s New
Reimagined website launched this week prioritizes customer experience, adds benefit eligibility screener
Here’s How Much Waiting Until 70 Boosts Social Security Income
A NBER study finds postponing Social Security benefits can substantially increase retirement income, yet only 10.2% delay
What Midterm Election Results Could Mean for Retirement Policy
The Nov. 8 midterm election will likely shape the future for Social Security and Medicare programs
How to Overcome the ‘A Word’ (Annuity) Adverse Reaction
'The annuity word just has a bad rap, no matter what'
What They’re Saying: Reaction to Today’s 8.7% Social Security COLA Announcement
The raise is historic, but reaction focuses largely on how the cost-of-living adjustment is calculated
Historic 8.7% Social Security COLA Finalized for 2023
Rising inflation causes highest raise in monthly benefits since 1981; will bump average monthly benefit check by more than $140