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The Latest Breaking News from Social Security

The national debt's 20-year deadline and baby boomers' spending problem: 'a lot of incentive for every generation to try to pass a big bill'

Kent Smetters, faculty director of the Penn Wharton Budget Model, estimates that we spend 6x more on older than young people — or actually more like 10x.

Fortune

Trump's Proposed Social Security Rule Could Cut Monthly Benefits by $330 for 275,000 Americans

Donald Trump is backing a rule change that could sharply reduce Supplemental Security Income payments for hundreds of thousands of low‑income Americans, according to new Social Security estimates.

International Business Times UK

My First $1 Million: Retired Teacher, 83, New York

"I used to sweat the small stuff, but I have learned, after my wife and I each had a bout with cancer, it's all small stuff."

Kiplinger

From analysis to the latest developments in health,
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Paper Social Security Checks Are on Their Way Out: How to Help Your Aging Loved Ones Cope

Electronic Social Security payments are being touted as faster and safer than paper checks. But those who rely on them will need support to make the transition.

Kiplinger

I Asked ChatGPT How Much I’d Need To Save To Retire 5 Years Early — Here’s the Reality Check

For decades, 65 has been viewed as the traditional retirement age, but many Americans would prefer to leave the workforce earlier, including myself. But is that possible as costs of living continue to...

GOBankingRates

New labour code: Appointment letters must mention job role, workplace, and other key conditions; here's how employees benefit

New labour code rules mandate employers to issue detailed appointment letters, ensuring clarity on job roles, wages, and social security benefits. This standardized format, previously limited to certain sectors, now extends to all, reducing ambiguity and disputes. Employees in informal sectors stand to gain significantly from this move towards greater…

The Economic Times

What a Medicare Part A Funding Shortfall Could Mean for Seniors Over the Next Decade

Following the release of the Trustees Report for Social Security and Medicare this year, many seniors have questions about the future of the two programs....

Saving Advice

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7 Smart Ways to Compare Retirement Tax States Before You Move

Retirement opens the door to new possibilities, and for many people, that includes relocating to a new state. A lower tax bill can make retirement savings stretch further, but chasing a tax-friendly destination without doing enough research can create expensive surprises. A state that looks perfect on paper may carry…

The Free Financial Advisor

Ask the Tax Editor, June 19: Estimated Tax Payments and Withholding

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on federal estimated tax payments and federal income tax withholding.

Kiplinger

'Raise the Cap for Payroll Taxes': Former Commissioner's Social Security Fix as New Study Predicts Insolvency by 2032

Social Security trust funds may deplete by 2033, prompting calls for reforms. Experts suggest raising payroll tax caps to avert benefit cuts, while lawmakers debate solutions.

International Business Times UK

5 Pennsylvania Rebate Rules Seniors Should Check Before the Property Tax/Rent Deadline

Like everything else, property taxes have continued to climb in price recently. Seniors who may have lived in their homes for decades are being faced...

Saving Advice

6 Ways Working After Retirement Can Change Your Social Security, Medicare, and Tax Bill

In the United States today, retirement doesn’t mean completely leaving the workforce anymore. Actually, 1 in 5 Americans 65+ still works in a part-time or...

Saving Advice

7 Things the 2026 Trustees Report Actually Means for Seniors Counting on Social Security

The 2026 Trustees Reports for both Social Security and Medicare were released by the U.S. Department of the Treasury on June 9, 2026. This report...

Saving Advice

Georgia New Residents Have 30 Days to Transfer an Out-of-State License: 6 Steps Drivers Should Know

Moving to Georgia brings plenty of excitement. New neighborhoods, new restaurants, and new roads all become part of daily life. However, one task deserves a spot near the top of every newcomer’s checklist: transferring an out-of-state driver’s license.

Clever Dude

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The Economic Times

India-UK social security pact to benefit 90-95% of Indian professionals in Britain

A new social security agreement between India and the UK, effective July 15, will benefit 90-95% of Indian professionals working for Indian companies in Britain. This pact exempts temporarily transferred employees from host country social security contributions for up to five years, reducing costs for firms and boosting Indian service…

International Business Times UK

Trump's 'One Big Beautiful Bill' Quietly Costing Social Security $169 Billion and Fast-Tracking Benefit Cuts

President Trump's tax law is projected to increase Social Security costs by $168.6 billion, accelerating the depletion of trust funds and adding pressure on Congress to address funding gaps.

GOBankingRates

Find Out If Social Security Increases Will Cover Your Higher Food, Energy and Other Costs

Social Security's annual cost-of-living adjustment (COLA) is designed to help seniors deal with inflation by increasing their monthly payments. Learn More: Your Social Security Check Could Be Higher...

Kiplinger

5 Tax-Saving Strategies That Can Help You Have a Better Retirement, From a Financial Planner

Americans are working for more companies across their lifetime — and for far longer. That can lead to greater tax liabilities you'll need to plan for.

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Fortune

‘Social Security is on a collision course toward insolvency,’ watchdog says. It hasn’t been this bad since 1983

The 2026 Social Security Trustees’ Report finds the worst financial outlook in nearly half a century—and a new law signed this year made things worse.

Saving Advice

Best Budgeting Apps for Retirees in 2026: 7 Features That Matter on a Fixed Income

When it comes to managing your finances, there is no shortage of apps trying to get you to link your bank account and help you...

Reason

Even an AI-Sparked Economic Miracle Will Not Save the Federal Budget

Congress cannot sit by and hope for AI to fix the deficit.

The Free Financial Advisor

Low-Income Seniors Are Losing Extra Help Eligibility Without Any Notice

A growing number of low-income seniors are waking up to an unwelcome surprise at the pharmacy counter: their Medicare Extra Help has vanished. This program, officially known as the Part D Low-Income Subsidy, helps cover prescription drug costs for people on tight budgets. When it disappears without warning, out-of-pocket medication…

We Got This Covered

Michigan widow targeted by scammer, gets ready to give him gold worth $70k. But what the scamner gets is a bag filled with chocolate

He scared her saying her Social Security Number was linked to terrorism.

Kiplinger

Why I Decided to Appeal My Medicare IRMAA Surcharge

I retired from full-time work early last year, but I'm still subject to the surcharge because of this rule.

Kiplinger

50% of Retirees Will Need Long-Term Care at 85: How Will Your Retirement Plan Today Address That?

Do you know how you'll afford to age in place, help kids and grandkids now and after you pass and avoid making compromises on your healthcare?

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