Millions of retirees face dramatic Social Security check reductions, warns billionaire Warren Buffett

Warren Buffett standing in front of Social Security cards, warning retirees of potential benefit reductions

His long‑standing caution rings louder after trustees forecast a 23 % cut when reserves dry up in 2033. Millions of Americans count on Social Security to keep the lights on in retirement, but a warning from Berkshire Hathaway chairman Warren Buffett has put the program’s finances in the spotlight. The famed investor reiterated that any reduction in … Read more

No more waiting for Social Security: Millions of Americans will benefit from the new online portal available 24 hours a day

Magnifying glass highlighting the Social Security Administration's online portal offering benefits information and application options.

Starting in mid‑July, the Social Security Administration (SSA) will keep its My Social Security portal open all day, every day, removing the nightly and weekend shutdowns that frustrated users. Need to update your direct deposit after work? Or grab a benefit letter before dawn? The new schedule aims to make that possible while easing pressure on overloaded … Read more

Good news for retirees: they could receive larger monthly checks in 2026, but healthcare costs will be higher

Donald Trump next to a Social Security card representing increased monthly checks and rising healthcare costs in 2026

Millions of retirees may see a slightly bigger cost‑of‑living adjustment next year, but some households could still struggle to keep pace with rising health costs. The federal government’s preliminary reading, released after June inflation data, suggests the 2026 Social Security COLA will land between 2.6 % and 2.7 %. That is a hair above the 2.5 % bump … Read more

Social Security’s trust fund crisis: New bipartisan plan would invest in markets to save retiree benefits

Senators Bill Cassidy and Tim Kaine propose bipartisan Social Security investment plan with cash and Social Security cards background

New bipartisan blueprint aims to avert a 23 percent benefit cut by redirecting part of the trust fund into stocks and bonds. The Social Security Board of Trustees warns that the Old‑Age and Survivors Insurance (OASI) reserve will run dry by 2033, slicing benefits to 77 percent of today’s promise. Senators Bill Cassidy (R‑La.) and Tim Kaine (D‑Va.) think … Read more

Say goodbye to monthly pension payments: Social Security reserves will run out sooner than expected if the government doesn’t act

U.S. Capitol building with Social Security cards and dollar bills symbolizing federal benefits and financial assistance.

Millions of current and future retirees face smaller monthly benefits unless Congress acts soon. Social Security’s latest annual reckoning brings unsettling news: the 2025 Trustees Report projects that the Old‑Age and Survivors Insurance (OASI) trust fund will run dry in 2034—one year earlier than forecast. If lawmakers stay on the sidelines, only about 81 percent of … Read more

Goodbye to $5,000 stimulus checks: new concerns about the Social Security fund’s sustainability crisis

Elon Musk and Donald Trump facing each other over vanished $5,000 stimulus check.

A headline‑making pledge of $5,000 per taxpayer has collapsed, piling fresh pressure on an already fragile Social Security system. President Trump’s Department of Government Efficiency (DOGE) vowed to cut $2 trillion in waste and hand 20 percent to households earning at least $40,000. By May, the savings were a fraction of forecasts and the “DOGE Dividend” was shelved. … Read more

Social Security to start withholding half of benefits for millions – this is the start date?

Social Security Administration building with American flag in the background against a clear blue sky

The Social Security Administration (SSA) is set to cut monthly benefit checks in half for some recipients starting in August. This change will impact millions of beneficiaries as the SSA works to recover overpayments made in previous years. If you’ve received a notice of overpayment, it’s important to understand what this means for you and … Read more

Confirmed: The government is changing the way Social Security payments are made, and will do so before September 2025

Donald Trump pointing in front of the U.S. Capitol building with a clear blue sky background

The government’s transition to electronic payments will soon affect nearly half a million Social Security beneficiaries. With a new executive order coming into effect by the end of 2025, all federal payments, including Social Security benefits, will be issued digitally. This means paper checks will no longer be an option for most beneficiaries. The new … Read more

Social Security beneficiaries should mark their calendars for six key payment dates in August 2025

Scrabble tiles spelling 'Social Security' with a background of the U.S. flag and a calendar illustration

August 2025 is shaping up to be an important month for Social Security and Supplemental Security Income (SSI) recipients. The Social Security Administration (SSA) has released its payment schedule, which includes six separate dates. Among these dates is a rare occurrence: two SSI payments in one month. Here’s everything you need to know about when … Read more

Confirmed: OBBBA’s impact on Social Security taxes is not what retirees were hoping for

One Big Beautiful Bill Act over the U.S. Capitol building, symbolizing Trump's proposed changes to Social Security taxes.

Former President Donald Trump’s One Big Beautiful Bill Act (OBBBA) has generated a lot of buzz, with promises to eliminate Social Security taxes. However, new analysis by the Congressional Budget Office reveals that the bill’s provisions won’t fully eliminate taxes for all retirees, as many expected. Instead, it will primarily benefit low- and middle-income seniors. … Read more

Goodbye to low benefits: Social Security payments will increase in 2025, to the delight of millions of retirees

Upward arrow made of a U.S. dollar alongside Social Security cards, symbolizing the 2025 payment increase for millions of American retirees

Bigger monthly payments plus a new senior‑only deduction promise genuine relief for roughly nine out of ten Social Security recipients. Social Security beneficiaries will feel two pieces of good news at once in 2025: a cost‑of‑living adjustment that fattens every check and a brand‑new law that wipes out federal taxes on those payments for nearly … Read more

Social Security COLA for 2026 could be affected by new data collection changes Impacting retirees

2026 Social Security COLA with focus on data changes impacting retirees, with year change from 2025 to 2026.

A recent change in how inflation data is measured could impact Social Security benefits in 2026. Will retirees see a smaller Cost-of-Living Adjustment (COLA) this year? Over 57 million retirees rely on Social Security benefits, which are typically adjusted each October for inflation through a Cost-of-Living Adjustment (COLA). However, recent changes by the Bureau of … Read more

Confirmed: Millions of seniors could face travel challenges with new Social Security identity verification rules

Close-up of a Social Security card with a digital face recognition overlay representing new identity verification rules.

Starting next week, millions of Americans—especially seniors—could face challenges accessing their Social Security benefits due to new identity verification rules. The changes, began on April 14, are aimed at reducing fraud, but critics argue that they could place an undue burden on vulnerable groups such as older adults and those without easy access to the … Read more

Millions of US retirees will receive more than $2,000 from Social Security on this day in July 2025

Close-up image of Social Security cards and money representing payments to US retirees in July 2025

Millions of retirees are waiting eagerly for their Social Security payments this month. Every month, retirees in the U.S. rely on Social Security benefits to support their financial well-being. With July 16, 2025, just around the corner, thousands of beneficiaries are preparing for the second Wednesday payment. The Social Security Administration (SSA) is set to … Read more

SSDI recipients advised by Social Security Administration to immediately report these 3 situations

Social Security Administration letter advising SSDI recipients to report important situations

Social Security Disability Insurance (SSDI) is designed to help people who can’t work due to a disability. But, did you know that your benefits can be suspended or even stopped under certain circumstances? Here’s a breakdown of what could cause your SSDI benefits to end, and how you can avoid penalties. Once you’re approved for … Read more

Retiring at 70: this is the strategy for getting more benefits from Social Security

Close-up of U.S. dollar bill and coins with a small American flag, symbolizing financial planning for retirement.

Waiting until age 70 to claim Social Security benefits instead of age 62 can lead to a 77% increase in monthly payments. However, for many retirees, funding the years before reaching 70 can be a challenge. Fortunately, a financial strategy known as a “bridge strategy” can help ease the wait. Retirees are eligible to claim … Read more

It’s official: Social Security’s email error creates confusion—find out who’s actually getting a tax break

Donald Trump alongside email graphics and American flag representing Social Security email confusion

The Social Security Administration (SSA) recently sent a misleading email to beneficiaries, claiming that the “One Big Beautiful Bill” signed into law would eliminate taxes on Social Security benefits. However, the actual changes are not as dramatic as the email suggested. Here’s a breakdown of the confusion and what beneficiaries need to know. On July … Read more

SSA confirms: low‑pension retirees can unlock higher checks with these simple moves

Woman holding cash with Social Security cards and money in background symbolizing higher checks for retirees

Thousands of older Americans living on modest Social Security benefits now have a clearer path to bigger monthly payments. The agency’s latest guidance spells out who can ask for more, which forms to file, and when to act. Many retirees discover—sometimes too late—that early claiming locked them into a paycheck that barely covers the basics. … Read more

Official: Trump-era rule revives 50% embargo by July 24 — here’s what beneficiaries who received overpayments need to submit

Former president in front of Capitol beside Social Security cards illustrating upcoming 50 percent benefit garnishment on July 24 for overpaid recipients

Over a million recipients could lose up to half of each monthly payment because of past overpayments. The good news? Federal rules give you several ways to fight back before the deadline hits. For retirees and disabled workers alike, a Social Security check often means the difference between comfort and hardship. Beginning July 24, the Social … Read more

Confirmed: Millions of Americans already receiving Social Security Fairness Act retroactive checks

Joe Biden and Donald Trump in front of the U.S. Capitol with Social Security cards, discussing Social Security Fairness Act payments.

Millions of public‑sector retirees are already seeing fatter checks after the Social Security Administration (SSA) finished processing every Social Security Fairness Act (SSFA) adjustment nearly five months early. At a glance, the accelerated rollout restores full benefits to roughly three million teachers, firefighters, police officers, and other government workers and issues a one‑time retroactive payment dating … Read more