Trump has pledged to end taxes on Social Security income, which could change payments for millions of Americans.
February’s Supplemental Security Income payment, worth up to $967, will go out to millions of beneficiaries in eight days. The next SSI payments are scheduled to be distributed on Jan. 31. SSI payments are given to people living with debilitating disabilities that affect their income,
President Donald Trump has tapped businessman Frank Bisignano as the Social Security Commissioner. What could that mean for you?
Specifically, you lose 5/9 of 1% of your PIA per month for up to 36 months when claiming early, then 5/12 of 1% for every month thereafter. That means signing up for Social Security at 62 can reduce your checks by up to 30%.
According to a recent Social Security COLA survey by The Motley Fool that asked 2,000 retirees about the COLA, 81% of retirees say that the 2025 COLA will not help them keep up with their essential living expenses. And it isn't hard to see why.
Retirees who stop working at the Full Retirement Age, currently set at 67, can receive a maximum benefit of $4,018 per month. If benefits are claimed at the earliest possible age of 62, that maximum payment drops to $2,831.
President Donald Trump's mass deportation plans could have a significant economic side effect: draining Social Security funding.
If you're eligible to suspend your benefits, you aren't required to pay anything back, as benefits are just on pause instead of canceled completely. Another benefit is you don't have to submit a form to suspend your benefits -- you can just call the SSA and they can take care of the rest for you.
Bhad Bhabie reveals on Instagram she underwent a nose job amid her cancer battle. The 21-year-old rapper posted several photos of her plastic surgery results, which show bruising around her nose. Bhad Bhabie also defended her decision to get the cosmetic procedure while she's battling cancer.
Just after midnight on the very last day of the 2024 Senate session, the Social Security Fairness Act was passed.
Former Louisiana Congressman Garret Graves' Social Security Fairness Act repeals WEP and GPO penalties for millions of government retirees.
Kathryn McCall, a CFP and financial adviser with CAPTRUST, highlights how individuals previously affected due to shifting from private to public sector roles will now receive fair compensation without pension penalties.