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One of the most worrisome headlines about retirement in the United States is that Social Security benefits could be reduced starting in 2034 due to a shortage of funds. For retirees who depend ...
The Social Security Fairness Act (SSFA), which was recently signed into law on Jan. 5, by President Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income ...
Social Security is projected to run out of funds in 2035 unless there is a change made to the fund's cost and revenue system. Even though supporters of the Social Security Fairness Act argue it ...
Social Security is a crucial source of retirement income for Americans, so both current and future retirees will want to keep tabs on what's happening with their benefits. A mySocialSecurity ...
The bill could also jeopardize the Social Security fund overall, critics say. Sen. Thom Tillis, R-N.C., said the Social Security trust fund is less than 10 years away from being insolvent, and ...
The Social Security Administration has made its annual cost-of-living adjustment (COLA) for 2023. Recipients of Social Security and SSI are receiving an additional 8.7% on their monthly benefits ...
Even with an 8.7% cost-of-living adjustment boosting average monthly payments by $146 in 2023 -- the highest COLA in more than four decades -- Social Security recipients still need to save money...
Despite the 8.7% cost-of-living increase that went into effect for Social Security and SSI recipients this month, retirees may still find it hard to cover expenses in the face of inflation this ...