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The Latest Breaking News from Social Security

US Senior Desperate For A Job 'Doesn't Even Have $1 In Her Wallet' — How The 25X Rule Can Help You Save For Retirement

The 25x rule helps estimate retirement savings needed and works with the 4% rule, suggesting a safe withdrawal rate to avoid running out of money over time.

International Business Times UK

India’s gig workers remain undocumented, unprotected

Savita* was shocked to discover that her Urban Company ID had been blocked in February 2023 because she did not meet the monthly target of 40 clients. “My mother-in-law passed away and I took a break of one month from work. I was left without any means of income,” the…

Newslaundry

Put the security back into social security

Letter: Ruth Lister on the punitive sanctions and overreliance on means testing that has led to this ‘age of insecurity’

The Guardian - UK

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Taking Social Security? Six Questions to Ask Before You Act

Ask these six questions before taking Social Security if you're trying to figure out the right timing.

Kiplinger

The Social Security Conundrum: Take It Now, or Wait Till 70?

Yes, delaying Social Security means a bigger benefit. But when deciding whether it's worth the wait, take stock of these pros and cons. You might be surprised.

Kiplinger

Jamie Dimon believes U.S. public debt is the ‘most predictable crisis’ the economy faces—and yet in just 3 months America has added $2.1 trillion to its tab

Debt held by the public will rise from 99% of GDP this year to 122% by 2034—surpassing its previous high of 106% in 1946 at the end of the Second World War.

Fortune

How the UK’s social security system stopped tackling poverty

The cost of living is the most important issue for many voters this election. It’s no surprise why. In 2022, nearly 4 million people in the UK experienced destitution, meaning they could not meet their basic physical needs such as having enough to eat and staying warm.

The Conversation

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Annuities and Tax Planning Boost Retirement Income and More

Smart planning takes advantage of the tax benefits of lifetime income protection through annuities. But wait — there’s more.

Kiplinger

Tax-Smart Strategies for Account Withdrawals

Understanding the best way to tap your IRAs and other accounts can help you preserve your savings and lower your tax bill.

Kiplinger

Social Security Confirms No $600 Increase Until 2025, Warns of Scams

"Reports of a $600 payment increase are FALSE, please be aware and don't fall for this stunt," Social Security Commissioner Martin O'Malley said in a news release.

International Business Times

How IRAs Impact Social Security

Do your traditional IRA distributions count as income that could lower your Social Security benefits? It depends.

Kiplinger

Scams are increasingly targeting seniors: here are some of the most popular ones and how to prevent them

Latinos in the U.S. had the highest labor force participation among seniors, making them increasingly vulnerable of a variety of scams

Latin Times

Modern-day outlaws, ‘sovereign citizens’ threaten the rule of law

In May 2024, an Oklahoma man was arrested and charged with kidnapping and murdering two women, becoming the fifth member of an anti-government group called “God’s Misfits” to face such charges.

The Conversation

The Guardian view on social security: Labour must face the harm caused by benefit cuts

Editorial: A huge gap has opened up between pensions and working-age benefits, and millions of children are paying the price

The Guardian - UK

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news in one place.

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Kiplinger

IRA vs Roth vs 401(k): Which Do You Pick?

All offer great tax breaks as you save for retirement. In addition, there are 403(b), SEP and SIMPLE plans and more. But don't worry. It’s hard to go wrong.

Top News

White House Criticizes Republicans Over 'Maganomics' And Tariffs Plan

White House criticizes GOP's 'MAGAnomics' and Trump's tariffs, while Biden focuses on protecting Medicare, Social Security, and reducing the deficit.

Latin Times

These are the states with the lowest cost of living for older couples on Social Security

A ranking by GoBankingRates listed the top 10 states with the lowest cost of living for older adults.

Kiplinger

The Average 401(k) Balance by Age and Generation: Is Your Retirement Account Earning Enough?

How did your 401(k) balance rank vs savers your age in the fourth quarter? Learn the keys to building a retirement account that will last a lifetime.

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news in one place.

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Tom’s Guide

Huge Frontier hack exposed personal info of 750,000 customers — including Social Security numbers

A massive number of Frontier customers have had their data stolen, and Social Security numbers are among them.

Kiplinger

Scams in Retirement: How to Get Fraudsters to Scram

If a caller asks you for money or personal info like account numbers and passwords, you should hang up. Here’s how to spot scammers and protect yourself.

Reason

The GOP Once Claimed To Be the Party of 'Fiscal Responsibility.' So Why Not Reform Social Security?

Reasonable options include gradually raising the minimum retirement age, adjusting benefits to reflect longer life expectancies, and implementing fair means-testing to ensure benefits flow where they're actually needed.

Kiplinger

How Finances Are Split In a Gray Divorce

Navigating how finances are split in a gray divorce? Divvying up assets accumulated over many years of marriage can be complicated.

Kiplinger

How to Add Home Equity to Your Retirement Income Planning

Home equity is sometimes overlooked as a viable resource in retirement. You don’t have to sell your home to find income and liquidity.

Kiplinger

Retirees: Make Your Money Last with Stable Income Strategies

To avoid running out of money in retirement, you need to be able to generate reliable income — without relying on Social Security. Passive income is the key.

Fortune

Medicare fears grip Americans: Nearly 3 in 4 adults under 65 worry it won't be around for them

“Threats to Medicare and Social Security loom large.”

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People

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