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Federal reports reveal Social Security and Medicare trust funds will run dry by 2033, threatening millions of retirees. Without congressional action, Social Security benefits could drop 23% while ...
Lawmakers don't want to see those cuts happen, so they've been talking through different solutions to prevent them. And one ...
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The president did make several key changes to the program this year, but his main agenda item -- ending benefit taxes -- has ...
Retirement and disability funds face depletion in the next decade, with Congress urged to act to correct the looming ...
The 2024 report from the Social Security trustee board indicates that, at the current rate, full benefits will no longer be available in 2035.
Many current and future retirees have pretty serious concerns about the future of Social Security. Some studies suggest close ...
Contrary to common fears, the reduced payments have nothing to do with Social Security’s long-term solvency. Instead, they ...
It's important to consider your financial situation, family situation, health and more to decide the best move for you.
Any plans to eliminate taxes on Social Security benefits would primarily help those beneficiaries who earn between $63,000 and $200,000, according to the Tax Policy Center.
Workers will pay Social Security (payroll) taxes on income up to $176,100 in 2025. To raise more revenue, why can’t we just raise the cap on payroll taxes? Social Security was designed to be ...
Social Security faces insolvency, bringing to mind the question: If the program ends, what happens to the money you've already paid in? Find out what to expect.