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On paper, drawing down your 401(k) to delay Social Security benefits seems like a clever maneuver. After all, the monthly benefit check grows larger every year that you manage to delay retirement.
If benefits are reduced, it would require $138,000 in additional savings to generate the same income, PensionBee found.
Bill Cassidy's proposal would establish a new fund to ensure the Social Security Administration doesn't reach its insolvency date.
Question: I’m 62 and worried about Social Security’s future, especially given that it is projected to pay me less than I ...
Social Security is dipping into its trust fund to pay current retirees, with spending outpacing its revenue from payroll ...
Rule of Social Security' holds that it's best to be like Ike — Eisenhower, that is. The five-star general knew a thing or two ...
"In the area of reducing benefits, Social Security has always been a system that's been kind of tilted towards the lower wage earner" said Tammy Flanagan ...
President Trump's "big, beautiful bill" included a "senior bonus," a new temporary tax deduction for Americans over 65.
If you choose to draw on your Social Security before you reach your full retirement age (66 or 67 years old, depending on if you were born before or after 1960) and if you earn more than the ...
Americans Are Claiming Social Security Early, Fearful of Its Future. Waiting to start drawing benefits typically leads to a bigger monthly check, but many don’t want to wait right now.