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
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
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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