News

Social Security Update: Payout shift triggers drop in personal income
The decrease was not driven by Americans earning less, but was instead attributed to a reduction in Social Security payments.
Can you consolidate debt while on Social Security?
Debt consolidation can simplify your finances, but is it an option if Social Security is your main income source?
Social Security Benefits Will Be Cut 50% for Some Retirees in Late July. Here's What You Need to Know.
Key PointsThe Social Security Administration under President Trump has raised the overpayment recovery rate to 50%, and the ...
No Taxes On Social Security Is A Promise Only Partially Kept
The President promised no taxes on Social Security. The OBBBA keeps that promise for some taxpayers. It is not, however, a ...
Your Social Security Payments Could Be Cut in Half—Here’s Why
Starting in August, the Social Security Administration (SSA) will claw back overpayments, potentially reducing recipients’ ...
Taxes on Social Security benefits were not eliminated despite what you've heard
Experts say retiree Social Security is still taxable and you'll need to read the fine print to understand your situation and ...
Why Social Security Recipients May Get Smaller Payments Starting July 2025
Regular payments will continue on their standard schedule throughout July 2025. However, recipients who received overpayment ...
Will Social Security run out of money sooner than you think?
Prospective retirees hoping to cash in their Social Security after 2033 may be in for a rude awakening. The 2025 Trustees ...
Some Social Security Recipients Will See Wage Garnishment in Just Weeks
Roughly 2 million Americans owed money to the Social Security Administration due to overpayments in 2023, according to KFF ...
Social security shock: 50% pay cut hits millions of Americans, are you affected?
Social Security checks are being slashed by 50% starting July 2025 for nearly 2 million seniors who were overpaid by the Social Security Administration (SSA) between 2015 and 2022. These unexpected ...
Pensioners claiming new health benefit could get first payment before end of this month
People of State Pension age with a disability, long-term illness or health condition could be eligible for the lower rate of ...
President Donald Trump's big bill cuts taxes for many seniors, but won't eliminate them on Social Security
Trump promised to eliminate the tax on Social Security benefits in his 2024 campaign, but the bill instead adds a new ...