Tag: Social Security

Senators and witnesses engaged in a wide-ranging, hour-long debate on the future of saving. 

Most admit they do not know much about the fiscal safety net or how it fits into their retirement plans,...

Industry expert Marcia Mantell discussed what plan sponsors and participants need to know about Social Security and Medicare, including the...

The cost-of-living adjustment will increase the average monthly benefit for retired workers by about $56, to $2,064 from $2,008, next...

Respondents attributed the decision to wanting quick access to the funds and concern the program will run dry.

The Senior Citizens League anticipates a slight increase in benefits for next year.

Nearly two-thirds of retirees surveyed are concerned that their Social Security payments will not keep pace with higher costs spurred...

The program continues to serve as a lifeline, despite its fiscal challenges. 

Congress introduced a bill this year to remove early withdrawal penalties for participants in qualified retirement plans that have been...

The Social Security Administration’s top actuary provided an estimate that the ‘Big Beautiful Bill’ will have ‘material effects’ on the...

The measures are intended to protect recipients from fraud and identity theft. 

Cuts to the Social Security Administration’s research, announced in February, led to the closure.

The safety net program’s funds are expected to deplete sooner than previously projected, accelerating the personal cost for retirees.

The safety net program’s board of trustees projected that the funds will be exhausted one year sooner than previously expected.

Uncertainty and confusion about products, plan design and longevity all present obstacles to turning retirement savings into regular income.

The legislation aims to provide clarity for Americans deciding when to claim benefits.

With ‘enhanced technology,’ the SSA will now conduct an anti-fraud check on all phone applications for benefits. 

After receiving backlash from retiree advocates, the agency announced that all claim types can be completed over the phone once...

Many workers do not understand the benefits of delaying their claim of Social Security benefits and ‘full retirement age.’

The SSA extended, for two weeks, the launch of new identity-proofing requirements and made an exception for those applying for...