News

Social Security Benefits Cuts Are Possible by 2033: Here's Precisely How Much Retired Workers Can Lose Each Month
Though Social Security is in no danger of bankruptcy or halting payments, the existing payout schedule for retired workers ...
This Is the Average Social Security Benefit for Age 62
Claiming Social Security at age 62 reduces your benefit by up to 30%. When you've spent four decades or more in the workforce ...
Social Security Administration to take back 50% of benefits for overpayments starting in July
If you overpaid and will have your benefits cut, you should have received a notice on April 25, 2025, stating that 50% of ...
My wife and I have $7,000 a month in pensions and Social Security, plus $140,000 cash. Can we afford to retire?
I am contemplating retiring at the end of the year. I'm married and will receive two monthly pension payments; $3,600 from military service and $1,500 from civil service. Our total projected monthly ...
First round of July Social Security payments goes out in four days
The first round of July’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, ...
Social Security in the United States: these are the beneficiaries who won't receive payments on July 9
Millions of Social Security beneficiaries did not receive their checks on July 3, and many others will not receive theirs ...
Does the "big, beautiful bill" eliminate taxes on Social Security?
What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is ...
First round of July Social Security payments goes out in five days
The first round of July’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, ...
When would Trump's tax and spending bill go into effect?
Different provisions of the GOP tax and spending bill will kick in over the next year or so. Many are set to expire just ...
Some Social Security recipients will start getting smaller checks this month: Here’s why
Bad news for some Social Security recipients. Starting this month, you might start to see smaller monthly checks. That’s ...
Social Security Garnishment Begins on July 24 for More Than 1,000,000 Beneficiaries -- Here's How You Can Legally Avoid It
President Trump has overseen a flurry of Social Security changes in his first five months in office. In less than three weeks ...
Some Americans could see a 50% reduction in their Social Security checks
In July, 50% of a person’s check will be withheld by the Social Security Administration if it issued an overpayment to them ...