If you're married and retired or about to retire, you and your spouse could begin losing more than $18,000 per year in Social ...
The Trump administration is exploring ways to reduce costs and extend the lifespan of Social Security benefits. Here are some of their ideas.
Social Security is facing a $25.1 trillion long-term funding shortfall, as well as the prospect of sweeping benefit cuts in as little as seven years. Social Security Commissioner Frank Bisignano is ...
Social Security is less than a decade away from insolvency, which could lead to a 24% benefit cut. The Social Security Commissioner indicated that all options were on the table before ruling out the ...
To make matters worse, 2033 is also the year analysts predict the Medicare Hospital Insurance fund will be depleted. Once that funding source is gone, Medicare payments will fall by 11%, unless ...
Most Social Security recipients feel as though cuts are inevitable at some point in their lives. At the current deficit, Social Security would need to cut benefits by about 23% beginning in 2034.
You're not alone if you're worried about running out of money in retirement. You do what you can to save on your own, but it's tough to know whether you've set aside enough. Social Security's looming ...