Browsing Tag
Social Security
402 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.
Trump’s BBB to Accelerate Social Security, Medicare Insolvency by Another Year: CRFB
One Big Beautiful Bill Act becoming law means insolvency in 2032 rather than 2033; Bill does not eliminate Social Security taxation, but does provide special tax break for seniors that Trump claims amounts to no taxation on benefits; “Trump Accounts” make the cut
Most Older Americans Fear Social Security Benefits Will Be Cut
New survey finds only 9% of Americans age 50+ feel very confident government will fix Social Security without cutting benefits; only 15% think payroll taxes will be increased
Analysis of New Social Security Trustees Report Exposes Harsh Realities
Accelerating insolvency timelines, high costs of fixes and inaction on Capitol Hill contributing to bedrock retirement program’s ever-growing financial troubles
2025 Social Security Trustees Report Shows 23% Benefit Cut on Tap by 2033
Annual report released today shows that absent Congressional action, the OASI Trust Fund’s reserves will become depleted in 8 years, with continuing program income sufficient to pay 77% of scheduled benefits
Nearly 22 Million Seniors Live on Social Security Alone: TSCL
2025 Senior Survey finds almost 4 in 10 depend on program for entirety of retirement income
New Bill Targets Social Security Payments to Deceased Beneficiaries
“Valid Benefits Act” would require federal agencies to regularly check on whether adults ages 105 or older are still alive
Social Security Payments Set to Hit Major Milestone in June
Average retiree monthly benefit check expected to exceed $2,000 for the first time in program history
Income Lab Launches Social Security Modeling Tool
Advisors can tailor claiming strategies to clients’ unique needs and concerns
Social Security Solvency Clock Ticking as Wait Drags On for 2025 Trustees Report
Overdue report will bring updated projections on insolvency timeline and potential benefit cuts; help advisors and clients plan for uncertainties
2026 Social Security COLA Rises Modestly as Trump Signs Executive Order on Drug Prices
Forecasters expect tariffs to lead to higher inflation, which could mean COLA predictions will rise later this year