Kevin O’Leary warns U.S. workers: Social Security checks fall short of real retirement costs

Kevin O’Leary seated at a desk with a Social Security card and $100 bills backdrop, emphasizing retirement savings needs

The famed ‘Shark Tank’ investor highlights key steps toward a more secure retirement. Millions of workers across the United States strive to cover monthly bills, often questioning how much they should set aside for future needs. Kevin O’Leary, known for his candid advice and role as a prominent investor on ABC’s “Shark Tank,” urges Americans … Read more

The Social Security payment for May has been set for the 21st: check if your name appears on the list of beneficiaries

Social Security benefits statement next to a calendar block showing “May 21”

The Social Security Administration has adjusted its schedule for May 2025, leaving many beneficiaries wondering when their payments will arrive. This change is especially significant for those who depend on these monthly amounts for essential expenses. In May 2025, some individuals could receive their money later than usual, raising questions about what to expect and … Read more

Exceed this income and the SSA will hold back part of your retirement pay

Social Security card with us dollar bills and coins illustrating ssa income limit on retirement pay

Working Americans approaching retirement might be in for an unpleasant surprise. According to the latest updates from the Social Security Administration (SSA), surpassing specific income limits in 2025 could shrink your monthly check. That means beneficiaries who decide to keep working, or receive extra funds from certain sources, risk losing part of their benefits if … Read more

Older Americans face significant Social Security benefit losses as Trump rolls back Biden-era protections

Trump and Biden in front of American flag during debate on Social Security benefit losses for older Americans.

Major reversal threatens retirement Income for many older Americans. Retirees who have defaulted on their student loans could soon see their federal benefits dip as low as $750 a month. This stark change, triggered by the Trump administration’s revival of an older garnishment rule, comes after a Biden-era provision had planned to shield a significantly … Read more

Trump-backed tax break for to eliminate Social Security taxes, but at what cost to tomorrow’s retirees?

Politician in blue suit framed by a Social Security card being cut with scissors, symbolizing proposed tax-break plan for retirees.

A recent push by former President Donald Trump to remove federal taxes on Social Security, tips, and overtime has sparked debate among lawmakers and retirees. If approved, these changes could lead to earlier benefit reductions for millions who rely on the program. In January, Rep. Angie Craig (D-Minn.) introduced the You Earned It, You Keep … Read more

When to file for Social Security without losing a dime: Full retirement age revealed to claim benefits and boost your monthly check

Alarm clock on Social Security blocks with red question mark, symbolizing full retirement age and best time to claim benefits

More Americans than ever are asking themselves a crucial question: at what age can I receive my full Social Security benefits? That question matters because timing can impact your monthly payments and overall lifetime income, so it’s essential to understand the rules. Full Retirement Age (FRA) is the milestone at which individuals qualify to receive … Read more

Social Security shake-up goes live in May: five things recipients should prepare for now

Close-up of a Social Security card and a $100 bill representing May 2025 benefit changes, faster deposits, and fraud prevention.

Big adjustments are on the way for millions of Social Security recipients. The latest measures aim to strengthen identity verification, update direct deposit processing, and reintroduce a tougher policy on overpayment recovery. Beginning in May 2025, everyone applying for Social Security benefits who cannot use the online platform must appear in person at a Social … Read more

3 Social Security adjustments that may shrink or grow the money you receive: how this affects each retiree

Trump against Social Security card and hundred-dollar bill background, illustrating 2025 Social Security benefit changes.

Millions of Americans are seeing notable changes to their Social Security benefits this year, and these updates could make a difference in your monthly deposits. Are you ready to find out if your check just got bigger? In January 2025, three significant modifications took effect: the cost-of-living adjustment (COLA), the repeal of two reduction rules … Read more

SSA Confirms May 2025 Schedule — Retirement and disability payments explained

Two Social Security cards resting on a folded American flag, symbolizing U.S. retirement and disability benefits.

Millions of retirees and disability beneficiaries across the United States may be surprised to learn they won’t receive Social Security payments next week. The Social Security Administration (SSA) has adjusted its May 2025 payment calendar, leading to one of the latest schedules seen so far this year. Social Security recipients who began collecting benefits before … Read more

62-year-olds could get $2,831 from Social Security this May — If they meet these 4 rules

Hundred-dollar bills exchanged over Social Security cards, illustrating up to $2,831 May payments for eligible 62-year-olds

If you turned 62 this year and you’ve been tracking Social Security news, this might be your chance to secure a monthly payment of up to $2,831. According to the latest schedule from the Social Security Administration, there are three paydays in May, on the 14th, 21st, and 28th, that could bring you these retirement … Read more

Social Security confirms final May payments — $717 SSI and $1,999 direct deposit coming soon

Former U.S. President raising fist in front of piles of $100 bills, symbolizing Social Security payments tied to 7–17–1999 birth dates or claim history

If you rely on Social Security or Supplemental Security Income (SSI), you’ll want to keep track of the upcoming May 28 and May 30 disbursements. Many Americans look to the Social Security Administration (SSA) for monthly benefits, and May’s schedule includes two key payments: one for retirement beneficiaries and another for those receiving SSI. In … Read more

Goodbye to automatic payments: Social Security may stop if you don’t report these changes

Social Security card under $100 bills, spotlighting paused automatic payments when beneficiaries fail to report changes

Millions of Americans rely on Social Security (SSA) each month to cover vital expenses. Yet, starting this May, some recipients might suddenly find their payments stopped. Why is this happening? The main reason points to changes in personal circumstances that beneficiaries fail to report in time. If you depend on these checks to make ends … Read more

Congress rewrote the rules: How birth year determines the age for full Social Security checks

U.S. Capitol dome with dice-like cubes spelling “SOCIAL SECURITY,” symbolizing congressional changes to retirement-age rules

Thinking about retiring at 65 and filing for Social Security? Depending on your income goals, you might find it worthwhile to hold off. Delaying your application can increase your monthly benefit—not just for you, but potentially for your spouse as well. For decades, 62 was the earliest age to claim Social Security, while 65 was … Read more

Social Security recipients: Your May payment may come later than usual

Distribution dates for millions of Social Security recipients are shifting due to an unusual calendar quirk. Social Security affiliates across the United States can expect their May payments to arrive later than in any other month in 2025. This unexpected delay affects approximately 7.4 million people and is tied to how the days fall on … Read more

New Stimulus Checks coming in 2025 — $400 payments approved for millions of families

Man in suit with red tie in front of U.S. Treasury stimulus check, cash and American flag, illustrating 2025 $400 stimulus payments for families

The authorities have confirmed fresh financial assistance. Here’s everything you need to know. In an official statement on Monday, April 28, New York Governor Kathy Hochul introduced a far-reaching state budget for fiscal year 2026, totaling $254 billion. The plan emphasizes direct economic relief, expanded tax benefits, and targeted support for middle-income households and vulnerable … Read more

VA unveils major overhaul of survivor benefits — Here’s what’s changing

department of veterans affairs seal over american flag symbolizing va survivor benefits overhaul

Survivors and dependents of fallen service members are set to benefit from a groundbreaking initiative launched by the Department of Veterans Affairs (VA). This comprehensive plan aims to streamline the claims process, providing faster support when families need it most. In an effort to reduce red tape, the VA is relocating the Office of Survivors … Read more

These 3 Social Security changes are now in effect — Here’s how they affect your check

President Joe Biden and former President Donald Trump in front of a Social Security card backdrop

Three important updates to Social Security are in place for 2025. Millions of Americans should understand these changes to better manage their monthly benefits and financial goals. If you’re wondering how these modifications might affect your upcoming checks, here’s a simple breakdown of what has changed and why it matters. This cost-of-living adjustment for 2025 … Read more

Confirmed: Two Social Security payments coming in May 2025 — Some will get up to $967 extra

Calendar of 2025 Social Security benefit payment dates alongside U.S. currency and a Social Security card

Millions of Americans rely on Social Security benefits to cover essential expenses every month. This May, recipients can look forward to not one but two scheduled payments, plus the possibility of seeing as much as $967 more in certain cases. In May 2025, the Social Security Administration (SSA) will release a pair of checks that … Read more

Go over this line and say goodbye to your full Social Security check

social-security-check-and-us-dollar-bills-illustrating-earnings-limit

Many Americans rely on Social Security to cover daily needs in retirement, but a new earnings limit for 2025 might cut your monthly checks if you’re not careful. Whether you’re already receiving Social Security or plan to start soon, understanding this updated threshold can be a game-changer. Retirees who continue working often assume they can … Read more

New proposal targets wealthy retirees for Social Security cuts – What you need to know

U.S. Capitol building in front of an American flag and U.S. dollar bills, symbolizing the Social Security cuts debate

Proposed changes to Social Security have set off a wave of debate among retirees, younger workers, and policymakers. Scott Galloway, a business professor at New York University famous for his controversial views, recently suggested that high-income retirees may no longer qualify for these benefits. Many are now wondering how this could reshape the entire system. … Read more