Biden cancels another $6 billion in student loans, this time for public service workers
Workers like nurses and teachers are getting forgiveness through fixes to the Public Service Loan Forgiveness program.
BlackRock CEO says Social Security's retirement age 'a bit crazy' as crisis looms
BlackRock CEO Larry Fink issued a warning about the fiscal crisis facing Social Security in his annual letter to investors, saying the retirement age should be re-assessed.
Biden 'doesn't have a plan' on Social Security solvency, Treasury secretary says
Treasury Secretary Janet Yellen told lawmakers that President Biden “doesn’t have a plan" when it comes to preventing Social Security from running out of funds.
Some Americans will receive a second Social Security check this week
Social Security recipients will receive two checks this week, but it doesn't mean retirees are receiving extra money — it's due to a quirk in the system.
This is critical for 'thriving' in retirement, personal finance expert says
Personal finance expert Jade Warshaw discusses the importance of planning for retirement beyond relying solely on Social Security.
The future of Bidenomics: You pay Social Security tax on all of your income?
With another four years of Bidenomics, you can be certain that, at the individual and corporate level, a perpetuity tax on Social Security will become front and center.
Small Social Security COLA could leave retirees struggling to get by next year
Social Security beneficiaries are set to receive a 3.2% payment bump in 2024, but many recipients say the increase is not enough to offset high inflation.
Social Security: COLA increasing but Medicare costs rising too in 2024
Social Security checks are increasing next year thanks to the annual cost of living adjustments (COLA). However, the standard monthly cost of Medicare Part B will increase by $9.80, or 6%, to $174.70 in 2024, according to the Centers for Medicare and Medicaid Services (CMS).
Where do Republican presidential candidates stand on Social Security?
Five Republican presidential candidates sparred during the third debate in Miami on Wednesday over how best to improve the solvency of Social Security.
Retirement crisis: Great Recession takes its toll on younger Boomers
The Great Recession diminished the retirement savings potential of late Boomers, a study found. And cost adjustments to Social Security could be smaller next year.
Open enrollment season: What to know
Open enrollment is an annual period during which people can sign up for health insurance or change their plans.
US retirement system earns just a C+ in global study
A new ranking of world retirement systems conducted by Mercer gave the U.S. a C+ grade, citing concerns over its efficacy and long-term sustainability.
Social Security COLA 2024 may impact your taxes in a big way
The 2024 Social Security cost of living adjustment (COLA) increase aligns with early estimates based on inflation figures for the previous three months.
Social Security recipients to receive 3.2% COLA increase in 2024
The Social Security Administration on Thursday announced the cost-of-living adjustment for 2024 as retirees continue to confront unusually high inflation.
Social Security COLA update is coming this week. Here's what retirees need to know
The Social Security cost-of-living adjustment for 2024 is expected to be announced this week, and beneficiaries may be in store for a smaller increase.
Social Security cuts: Retirees could face more than $17,000 in annual benefits losses
Social Security could run out of money to make full benefits payments in 2033, spurring as much as $23,000 in benefits cuts for retirees, a study found. Here’s what you need to know.
Social Security trust fund on path to insolvency
Social Security's trust funds are projected to be depleted by 2033, at which point retirees would see a significant cut to their benefits if the program isn't reformed.
Social Security payments could rise 3.2% in 2024
The Social Security cost of living adjustment could increase to 3.2% in response to high inflation. But it’s far from the 2023 record raise and many Americans still struggle to generate retirement income.
Social Security cost-of-living adjustment could be bigger than expected next year
Social Security recipients will soon find out what their cost-of-living adjustment is for 2024 – and the bump may be bigger than previously projected.
Medicare Part D drug prices increase more than 200% on average: AARP
The average price of 25 prescription brand name drugs with the highest Medicare D spending increased by 226%, AARP reported. But provisions in the Inflation Reduction Act aim to lower the costs of Medicare coverage for retirees.