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The Latest Breaking News from Social Security

Social Security reassigns local staff to help with high call volume

IN FULL

The Independent UK

7 Retirement Myths That Will Quietly Drain Your Savings

There’s so much retirement advice out there that it can be hard to tell what’s helpful and what’s misleading. What works for one person may not work for you. So, how do you truly prepare for retirement? First, you need to let go of commonly held beliefs that may actually…

Thousandaire

Social Security is pulling workers from its field offices to man the growing number of calls at its 1-800 number

Phones have been ringing off the hook at the Social Security Administration prompting the agency to use a temporary solution for a growing problem

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

What Boomers Must Know About This Year’s Social Security Cutoff

If you’re a Baby Boomer, 2025 brings important shifts in Social Security rules that could affect your retirement income and timing. With the full retirement...

Saving Advice

What to know -- and what isn't known yet -- about US tax deductions for tips and overtime pay

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year

The Independent UK

9 Retirement Strategies That Were Debunked But Still Recommended

Retirement planning has become a minefield of outdated advice and recycled myths. Despite new research and modern financial tools, many retirees and financial advisors still cling to strategies that no longer hold up under scrutiny. Some of these ideas were once gospel, passed down through generations like family heirlooms.

Clever Dude

Why Seniors Are Avoiding Online Bill Pay After Recent Scandals

Online bill pay has long been promoted as a convenient and efficient way to manage recurring expenses. From utility bills to credit card payments, millions...

Saving Advice

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21 Things To Buy at Dollar Tree This Summer If You Live on Social Security

Dollar Tree is the ultimate one-stop shop for affordable summer essentials if you're on a fixed income. From grilling supplies to name-brand groceries, budget-conscious retirees save more money at the...

GOBankingRates

How Much Is Warren Buffett’s Social Security Check?

When you think of who receives Social Security benefits, billionaires don't likely come to mind. Though anyone who has been part of, and paid taxes into, the workforce for 30 plus years has benefits...

GOBankingRates

Here’s the Salary You Need To Make To Get the Maximum Social Security Benefit

Several factors affect your Social Security benefits, especially during the current unpredictable economic state, and your salary is just one of them. It's important to note that your benefit amount...

GOBankingRates

Why You Should Never Store These Documents in a Safe

Some things feel obvious. You want to keep your most important documents safe, so you put them in a safe. But that’s not always the best move. In fact, storing certain documents in a safe can cause more problems than it solves. You might think you’re protecting your future, but…

The Free Financial Advisor

Social Security Cuts Could Cost You $138K: Here’s How Much More You’ll Need To Save

If benefits are reduced, it would require $138,000 in additional savings to generate the same income, PensionBee found. Here's how that breaks down by age.

GOBankingRates

10 Retirement Payout Options That Don’t Work in 2025

After decades of hard work, many people look forward to relaxing in their golden years. It’s your reward for putting all of that hard work in, but your retirement strategy can have a profound impact on how much you’ll be able to enjoy that time. You should take the time…

Clever Dude

9 Personal Documents That Aren’t Legally Yours After You Die

After a person passes away, their family often faces the difficult task of sorting through a lifetime of belongings, including a mountain of paperwork. Many people assume that all of a person’s documents and records become the property of their estate or next of kin. However, the law sees things…

Budget and the Bees

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Evening Standard

Government sees off backbench rebellion as welfare reforms clear Commons

‘If you can work, you should,’ social security minister Sir Stephen Timms told MPs before they voted on the welfare reforms.

GOBankingRates

10 Cities Where You Can Live Comfortably Making $80K or Less

How much do Americans believe they need to earn to feel wealthy? According to a survey from Edelman Financial Engines, 6 in 10 Americans think the answer is at least $100,000 annually. However, the...

Fortune

No tax on tips and overtime explained: What workers can expect

More information on exactly what jobs the provisions apply to will be made available in the months ahead.

GOBankingRates

50 Best Places in America To Retire With $500K in Savings

Don't think you can't begin your retirement unless you have $1 million or more in savings. A new GOBankingRates study reveals there are 50 places across the United States where retirees can...

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Kids Ain't Cheap

Data Risk: 9 Data Breaches Still Threatening Your Kids’ Info

123rf.com

Kiplinger

Financial Fact vs Fiction: Why Your 'Magic Number' Isn't Actually Magical

Do you think you're diversified if you're invested in the S&P 500 and Nasdaq? Do you think your tax rate will fall in retirement? Think again — and read on for other myths that could be leading you astray.

International Business Times UK

Trump's One Big, Beautiful Bill to Eliminate Taxes on Social Security Benefits for 90% of Recipients

The Social Security Administration stated that US President Donald Trump's bill will eliminate federal income taxes on Social Security benefits to offer immediate relief to seniors.

Clever Dude

7 Things Still Being Used in Retirement Plans That Were Discredited

When it comes to managing your money, you should never write down a plan and assume that it will always work. Financial best practices change, and your retirement plan should too. Unfortunately, many people (even financial advisors) rely on outdated retirement strategies that have since been discredited. In the long…

Roll Call

Supreme Court allows Trump mass layoffs to move forward - Roll Call

Justices lifted pause on efforts to slash jobs at federal agencies, including the CDC and the Social Security Administration.

Budget and the Bees

9 Things That No Longer Count As Legal ID (But Used To)

The world of identification has changed dramatically as security standards become more stringent. Consequently, forms of ID that were once perfectly acceptable for travel or banking are now obsolete. Relying on an outdated document often leads to frustrating rejections. Therefore, this article covers nine common items that no longer count…

Benzinga

Who Actually Retires With $2.5 Million? The Number Is Shockingly Small — Are You On Track Or Falling Behind?

A million used to be the magic number for retirement. Then inflation, longer lifespans, and rising healthcare costs moved the goalposts. These days, plenty of people are aiming for $2 million — or even $2.5 million — just to feel secure. But while that might seem like the new benchmark,…

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