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The Latest Breaking News from Social Security

Trump Accounts Social Security check: $1,000 federal contribution coming at your accounts. Check eligibility, start date

Social Security Check: While only U.S. citizens born during Trump's second administration will receive the $1,000 government contribution, Americans can open a Trump Account for their children under age 18 with a valid Social Security number.

The Economic Times

Trump Accounts are now available for kids. Here's where the money will be invested in the stock market—in line with Warren Buffett's advice

Money contributed to Trump Accounts at launch will be put in the State Street SPDR Portfolio S&P 500 ETF as an initial default investment.

Fortune

Your Retirement Plan Looks Watertight, But Have You Checked for Tax Leaks?

Accumulating wealth for retirement is one thing, having a solid income structure and tax plan is another. Without them, savings could quietly drain away.

Kiplinger

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Child Tax Credit: Many Families Expected It to Fall to $1,000 in 2026—Here’s What Actually Happened

For months, many parents worried that the federal Child Tax Credit would be cut in half after 2025, dropping from $2,000 to $1,000 per qualifying child. Those concerns stemmed from the scheduled expiration of provisions from the 2017 Tax Cuts and Jobs Act. Instead, Congress took a different path by…

Kids Ain't Cheap

Boston’s $1,000 Property Tax Break: Who Qualifies After Age 65?

Property taxes in Boston keep climbing, and for many older homeowners living on fixed incomes, that annual bill can feel like a growing threat to...

Saving Advice

'Beneficiaries Will Pay the Price': Social Security Presses Ahead With Electronic Payment Transition

Social Security is transitioning to electronic payments, phasing out paper checks by 2026. The change raises concerns for vulnerable beneficiaries without bank accounts.

International Business Times UK

5 Reasons You Should Claim Social Security at 70 (And 5 Reasons to Claim It Earlier)

Waiting until 70 to claim Social Security has its benefits, including maximizing your paycheck, but there are also valid reasons why you shouldn't wait.

Kiplinger

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EPF Scheme 2026: Will you get more than 8.25% interest on your PF contributions now? Check EPFO update

A new Employees' Provident Funds Scheme, 2026, has replaced the 1952 version under the Code on Social Security, 2020. The EPF interest rate remains at 8.25% for the financial year 2025-26. While digital services are formally incorporated, private PF trusts now face a cap on their declared interest rates, not…

The Economic Times

AI could wipe $2.2 trillion off the national debt, but there's a catch

A new Brookings/Fed paper finds AI productivity could meaningfully shrink the U.S. deficit — until you count the side effects, which could erase more than half the savings before Washington even cashes the check.

Fortune

Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds

“We should really think about the potential consequences of a really large-scale decline in employment,” UC Irvine economist David Neumark told Fortune.

Fortune

Why the Trump Account Rollout Is Raising Questions About Social Security

As Social Security barrels toward projected cuts, a newly launched federal savings initiative could privatize the program.

Kiplinger

Spain jobless total falls below 2.3 million for first time since January 2008

The State Public Employment Service recorded 2,291,982 jobseekers in June, 28,739 fewer than in May, dropping below 2.3 million for the first time since January 2008. Social Security membership also hit a record high.

Euronews

EPFO's new social security rules tighten claim timelines, mandate digital compliance

New social security schemes under the Code on Social Security are now in effect, prioritizing digital compliance and faster claim settlements for provident fund, pension, and insurance. EPFO officials face a 12% annual penal interest for delays exceeding 20 days without valid reasons. Contribution structures remain unchanged, with a focus…

The Economic Times

Babies Born During America’s 250th Celebration Will Get Limited-Edition Social Security Cards With Freedom 250 Logo

Babies born in the United States during America’s 250th birthday celebration will receive a first-of-its-kind commemorative Social Security card, the Social Security Administration announced Wednesday, extending the Trump administration’s growing slate of semiquincentennial keepsakes.

Benzinga

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Saving Advice

Could Extra Income Raise Medicare Premiums Two Years Later?

Picture this: You pick up some extra income this year through a rewarding side project, a profitable investment sale, or even a long-overdue bonus. Two...

Kiplinger

What Bobby Bonilla Day Can Teach You About Retirement

His million-dollar July 1 paycheck isn't something most people can replicate, but the idea behind it can help you build a stronger retirement plan.

International Business Times UK

The First Lady Effect? American Parents Stopped Naming Their Babies 'Melania' After Trump's First Term

The name Melania briefly entered America's top 1,000 baby names in 2017, the year Melania Trump became First Lady, before disappearing from the rankings again.

International Business Times UK

Social Security Issues Urgent 6-Year Warning: Why 63 Million Americans Face an Automatic $500 Monthly Cut

The US Social Security system warns of a potential 22% benefit cut by 2032 due to fund depletion, affecting 63 million Americans. Congress must act to prevent financial strain on retirees.

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The Economic Times

EPF Scheme 2026 replaces EPF Scheme 1952: Have EPF interest rate, contribution and wage ceiling changed?

EPF Scheme 2026: The Employees' Provident Funds Scheme, 2026, has replaced the 1952 version, bringing the EPF under the new Social Security Code. While key benefits like contribution rates and UAN remain unchanged, the new framework emphasizes digital processes and introduces stricter governance for exempted trusts.

The Economic Times

Karnataka HC judge recuses from hearing gig worker welfare law petitions

Justice Suraj Govindaraj recused himself from hearing petitions challenging Karnataka's gig worker law due to a potential conflict of interest. The law, aimed at providing social security, is contested by industry bodies like IAMAI and platform aggregators. They argue it conflicts with national legislation and raises concerns about duplicate financial…

Kiplinger

This Changes Your Social Security Decision (Especially if You're in the 2% Club)

If you have a pension and $1 million-plus saved, deciding when to take Social Security is about optimizing your taxes, legacy planning and long-term income.

The Economic Times

EPF Scheme 2026: Your provident fund is getting simpler, smarter and more digital

India's provident fund system has undergone a significant overhaul with the introduction of the Employees' Provident Fund Scheme, 2026, replacing the 1952 version. This modernization prioritizes digital compliance and simplified processes, aligning with new labor codes. Key changes include easier partial withdrawals for members and enhanced governance for employers, aiming…

International Business Times UK

'I'm Worth More Dead Than Alive': Millions of Americans in Their 60s Can't Retire Due to Student Loans

Student debt affects over 3 million Americans aged 62 and older, delaying retirement and impacting Social Security benefits. Learn about the financial strain and challenges faced by older borrowers.

inkl

Best 5 Law Firms in St. Petersburg You Should Know

Finding the right legal representation starts with choosing a law firm that has experience handling the type of legal issue you are facing.

Saving Advice

Social Security’s $65,160 Limit: Why Birthdays Matter

If you plan to keep working while collecting Social Security before full retirement age, the month and year of your birthday can mean the difference...

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