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Higher Social Security Cost-Of-Living Adjustments May Affect Your Taxes. Here's How to Plan
Inflation has pushed Social Security’s annual benefit increases up to historic highs for the past couple of years. That may trigger a bigger tax bill.
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Watch: Biden Talks About Lowering Prescription Drug Costs and Protecting Social Security in Illinois
President Biden delivered remarks on lowering prescription drug costs and protecting Social Security and Medicare while in Joliet, Illinois on Saturday. Biden also expressed his support for Democratic Rep. Lauren Underwood.
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Here's How Much Per Month Social Security Recipients Will Get in 2023
Retirees will see a major increase in benefits this January when a new cost-of-living adjustment is added to Social Security payments.
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Social Security Recipients Get 8.7% More in 2023
The cost-of-living adjustment means the average recipient will receive more than $140 extra a month beginning in January.
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Social Security Payments Will Increase by 8.7% Next Year
Millions of Social Security recipients will soon learn just how high a boost they’ll get in their benefits next year.
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Here's Why Protecting Social Security May Be a Consensus Issue for Key Group of Women Voters in the Midterm Elections
Women ages 50 and up are a key group to watch in November’s election. While they have diverse views, protecting Social Security may be one issue they agree on.
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House Democrats Call for Action on Social Security Reform. What That Could Mean for Your Benefits
Democrats are seeking to bring a bill to enhance Social Security benefits up for a vote on the House floor this fall. Here’s what it includes.
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Social Security Checks May Get Boost
Seniors impacted by inflation rates are likely to see a major boost in their social security checks starting next year.
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Social Security Recipients Are Set to Receive a Major Increase in Monthly Benefits
Mary Johnson, policy analyst and editor at the Senior Citizens League, said she is currently projecting an annual adjustment of 9.6%, which would be the biggest boost to Social Security benefits since 1981.
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Social Security Fund Will Be Able to Pay Benefits One Year Longer Than Expected, Treasury Says
The Social Security trust fund will be able to pay out benefits for a year longer than prior estimates, the Treasury Department said.
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Wages Up to $147,000 Are Currently Taxed for Social Security. How That Could Change
Making higher earners pay more into Social Security is a popular idea with many Americans. Here’s how such a change could work.
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Social Security's Retirement Age Is Moving to 67. Some Experts Say That Could Go Even Higher
When Congress eventually takes steps to repair Social Security’s solvency, it may raise the retirement age. Here’s what that could mean for benefits.
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If You're a New Retiree Whose Income Has Dropped, You May Need to Appeal Medicare Premium Surcharges
The tax return that’s used to determine whether you pay extra for Medicare premiums may not accurately reflect your income when you retire.
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Biden's 2023 Budget Includes $14.8 Billion for Social Security. Here's What Changes That Could Bring
President Joe Biden’s 2023 budget could help fund service improvements for Social Security. Some groups had hoped to see more in the president’s proposal.
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The Great Inflation Squeeze: Here's How Retirees Can Navigate Higher Prices
Inflation jumped 7.9% in February. That may have retirees on a fixed income concerned about getting by or running out of savings during their golden years.
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What to Do When Your Monthly Social Security Check Isn't Enough
There are many resources to which retirees worried about meeting their bills amid inflation can turn. Here are some of them.
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Tom Brady Cut His Retirement Short. If Other Retirees Take His Cue, It May Reduce the Labor Shortage
Tom Brady retired for 40 days before deciding to give it a go for another season playing for the Tampa Bay Buccaneers. Other retirees could take his lead.
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High Inflation Points to Bigger Social Security Cost-Of-Living Adjustment for 2023
Record high inflation could mean an even bigger boost for Social Security beneficiaries next year, according to one early estimate.
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These Social Security Scams Will Try to Steal Your Savings. Here's What to Watch Out for
Fraudsters prey on fear to get people to cough up money. Here’s what to watch out for and how you can help stop these schemes.
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Already Claimed Social Security? There Are Still Ways You May Be Able to Increase Your Retirement Benefits
The age you claim Social Security largely determines the size of your monthly checks. But there are still ways you can boost that benefit payout.