First round of February Social Security payments goes out in 10 days
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 10 days. Here is all you need to know about next month’s Social Security payments,
3 Little-Known Factors That Could Affect Your Social Security Benefits
A growing number of Americans are heavily reliant on Social Security to make ends meet in retirement. 60% of retirees said Social Security represents a major source of income for them, according to the most recent edition of an annual Gallup poll. While that number fluctuates, it's the second-highest reading in the poll since it started in 2002.
New Social Security Law Faces Long Delay Before Sending Out Adjusted Benefits
It ends the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which reduced or eliminated the Social Security benefits of over 3.2 million people who receive a pension based on work that was not covered by Social Security (a "non-covered pension").
Social Security Payments: Millions May Not Receive Boost For Over A Year
Callers to the SSA hear a message about the Social Security Fairness Act, intended to reduce long and frustrating wait times for those seeking information on the new law. However, more than 7,000 people per day still choose to wait for a live representative, leading to a backlog that is expected to grow in the coming weeks and months.
I'm 35 and make $250,000 per year - here's what I expect my Social Security check to be when I claim at 70
The closer you are to retirement age, the easier it becomes to estimate your monthly Social Security benefit. That’s because the Social Security Administration takes your 35 highest-paid years in the workforce into account when calculating that number.
Higher Social Security Benefits Under New Law Delayed—How Long Will You Have To Wait?
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).
The Highest Social Security Benefit In 2025 Is Three Times The Norm
There are options for those claiming Social Security to increase the benefits they receive each month based on factors like disabilities.
3 Ways to Increase Your Social Security Checks After You've Already Claimed Your Benefits
Social Security is an essential source of income for American seniors. About half of households with someone age 65 or older receive the majority of their income from the government program, according to multiple studies reviewed by the Social Security Administration.
Two moves retirees may make now to boost their 2025 Social Security benefit checks
A 2.5% Social Security cost-of-living adjustment is the lowest increase to benefits since 2021. To increase those checks, retirees may consider two money moves.
Social Security checks: Which retirees get a raise?
In 2025, beneficiaries will see a 2.5% increase in their monthly payments, reflecting the annual Cost of Living Adjustment (COLA). This article delves into the details of these changes and their implications for retirees.
Is It Better to Collect Social Security at 62, 65, or 70? A Comprehensive Study Provides a Very Clear Answer.
One claiming age within the traditional initial collection range of 62 through 70 is likeliest to maximize lifetime income ...
Public workers waited 40 years for law to boost Social Security. Now, they wait for payout
It took 40 years for Congress to pass a law to boost Social Security for public workers. Now, SSA says they must wait at ...
Musk’s Lackeys Seize Control of Social Security Check System
Elon Musk and his Department of Government Efficiency team have reportedly gained full access to the federal payment system, ...
Trump’s federal worker buyout could impact Social Security benefits for millions, senator says
On Tuesday, the Trump administration sent a memo to millions of federal workers offering a “deferred resignation,” which ...
How long will it take for Social Security raises with new law for teachers, police?
Louisiana Senator Bill Cassidy said the Social Security Administration must implement the Social Security Fairness Act as ...
Social Security early COLA predictions are in: Will it help or hurt beneficiaries?
Data from TSCL’s 2024 Senior Survey shows 62% of older Americans worry their retirement income won’t even cover essentials ...
Social Security Cost-of-Living Adjustment (COLA) Update: Here's the Projected Increase for 2026
By now, all seniors on Social Security should have gotten their first checks for 2025. With the latest 2.5% cost-of-living ...
The Social Security Administration’s new boss is an unmatched operator—and now the second biggest business figure in Trump-land
He's known as a Jamie Dimon protegé, a 9/11 hero, and an operational expert. Now Fiserv's Frank Bisignano can add government hell-raiser to his résumé.