Those who are unable to work in retirement may be eligible for other government benefits, depending on their income. Supplemental Security Income (SSI) is for the blind and disabled as well as low-income seniors. It provides a monthly check worth up to $967 per month for a qualifying individual or $1,450 per month for a qualifying couple.
The first round of February’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to the first group of retirees in 14 days. Here is all you need to know about February’s Social Security payments,
There’s a rumor circulating that Social Security is headed toward bankruptcy. And thankfully, that rumor isn’t true. Social Security can’t completely go bankrupt because it gets funded by payroll taxes.
Related: Suze Orman warns Social Security recipients of a looming threat. Substantial contributions to employer-matching 401(k)s and investments in tax-advantaged IRAs are also ef
Nearly 72.88 million Americans rely on Social Security for monthly income. The vast majority, about 65.5 million, collect Social Security benefits. Another 4.88 million receive Supplemental
The non-partisan advocacy group The Senior Citizens League predicts the 2026 COLA will be 2.1%, based on data from the Bureau of Labor Statistics’ CPI-W, the index used to calculate the annual increase. December’s CPI-W came in at 2.8%. Getty Images
Social Security benefits may be reduced in the next decade due to a financing shortfall. A new survey asks Americans how they would fix the program.
Unclear if sweeping executive order will affect Medicaid and other federal assistance programs for older Americans.
The program's combined trust funds, however, are set to run dry in 2035, according to the most recent Social Security Trustees report. And while that date is by no means set in stone, if it is correct, it means the program may have to implement sweeping benefit cuts a decade from now.
The Social Security Fairness Act is adding to the workload of a federal agency already short on staff, it says in urging patience.
Retirees looking forward to increased benefits because of the Social Security Fairness Act may now have to wait more than one year due to reduced funding for the Social Security Administration (SSA).