#SOCIALSECURITY News, Headlines and Posts

Lawmakers push Wall Street giveaway disguised as increased worker security

thehill.com The nation is facing a retirement income crisis. Too many workers will never be able to retire and maintain their standards of living. Employer-sponsored traditional…

Baby boomers are fearful of soaring costs for food and housing

fortune.com About one-quarter of U.S. adults age 50 and older who are not yet retired say they expect to never retire and 70% are concerned about prices rising faster than their income,…

Kansas' governor vetoed tax cuts again over their costs. Some fellow Democrats backed it

apnews.com Kansas' Democratic governor on Wednesday vetoed a broad package of tax cuts for the second time in three months, describing it as “too expensive” despite the bipartisan…

Trump’s team keeps promising to increase inflation

vox.com Donald Trump is currently leading the 2024 presidential race, in no small part because voters trust him to combat inflation. This is a bit strange since Trump has for months…

About 1 in 4 US adults over 50 say they expect to never retire, an AARP study finds

pbs.org About one-quarter of U.S. adults over age 50 who are not yet retired say they expect to never retire and 70% are concerned about prices rising faster than their income, an…

Social Security cuts backed for some Americans

newsweek.com More than half of Americans in swing states say that they support a reduction of benefits for higher-income recipients to increase the lifeline of Social Security, according…

The Supreme Court’s likely to make it more dangerous to be pregnant in a red state

vox.com An activist with the Center for Popular Democracy Action holds a large photo of US Supreme Court Justice Samuel Alito’s head as the group blocks an intersection during a…

Study: More than 25% of Americans expect to never retire

siliconvalley.com By Fatima Hussein | Associated Press WASHINGTON — More than one-quarter of U.S. adults over age 50 say they expect to never retire and 70% are concerned about prices rising…

How the Target and Uber cyberattacks from years ago shaped public perception of cybersecurity today

aol.com Cyberattacks are nothing new, but when a large company is hacked, it can have devastating consequences for both the corporation and its customers. When one breach is…

Ask an Advisor: I'm 68 With $1.4 Million in Savings and Another $1 Million in Stocks. Can I Retire at 70?

finance.yahoo.com I‘m a 68-year-old single man in good health and I plan to work until I am 70. As of now, I have $400,000 in CDs, about $1 million in stocks, and about $1 million in my…

More than 1 in 4 US adults over age 50 say they expect to never retire, an AARP study finds

apnews.com More than one-quarter of U.S. adults over age 50 say they expect to never retire and 70% are concerned about prices rising faster than their income, an AARP survey finds.…

Social Security benefits could be dramatically changed under new bill

newsweek.com A newly proposed bill introduced by Arizona Representative Ruben Gallego, a Democrat, could change how the yearly cost-of-living adjustment to Social Security benefits is…

5 Things To Know In Investing This Week: The Halving Issue

benzinga.com This was an exciting week for Bitcoin BTC/USD holders and hodlers as the fourth-ever halving took place on Friday. The American consumer got back to work spending ever more…

The 10 best secured credit cards for 2024

fortune.com Secured cards are a type of credit card that have a lower barrier to entry because they require the cardholder to pay a security deposit that guarantees their line of…

What is Global Entry and why do you want it? Here’s how to get it nearly free

fortune.com Fortune Recommends™ has partnered with CardRatings for our coverage of credit card products. Fortune Recommends™ and CardRatings may receive a commission from card issuers.…

5 retirement money moves you can make right now to secure your nest egg

aol.com We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Whether you…

Column: Social Security is again in the crosshairs of a GOP budget, even though a long-term fix would be simple

latimes.com House Speaker Mike Johnson (R-La.): His caucus makes no secret about what it intends to do with government services, and it’s not pretty. A hoary old chestnut in government…

‘I’m 59 and do not have any money in retirement’: Bookkeeper from Florida joins growing wave of American seniors heading for a broke retirement. Dave Ramsey…

aol.com Despite the narrative that older Americans had it easy and are extremely wealthy, the data shows a wealth disparity within the baby boomer generation. Some seniors own…

Job scams are increasingly common. Here's what to look out for

theweek.com Landed a job offer that seems too good to be true? Unfortunately, it could be a scam. In 2023, the Federal Trade Commission (FTC) recorded "around 105,000 'business and job…

Warning! These 3 Blue-Chip Stocks Will Have You Seeing Red

investorplace.com Don't bet on these underperforming names in the current market Not all stocks have succeeded in the bull market that began about 18 months ago. In the current market, a…

Today's 15-year mortgage rates go down while 30-year mortgage rates hold steady

foxbusiness.com The interest rate on a 15-year fixed-rate mortgage is 6.500% as of April 23, which is 0.125 percentage points lower than yesterday. Additionally, the interest rate on a…

Here's what to do if you missed the federal tax deadline

cnbc.com The federal tax deadline was April 15 for most filers — and if you missed it, you should file your return and pay your balance as soon as possible, experts say. If you still…

Labor Department issues rule to crack down on bad retirement savings advice

cnbc.com The Biden administration issued a final rule on Tuesday that cracks down on the investment advice that advisors, brokers, insurance agents and others give to retirement…

National Debt Tracker: American taxpayers (you) are now on the hook for $34,585,528,182,775.46 as of 4/22/24

foxbusiness.com The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending. The…

Ask an Advisor: We're 56 With $1.2 Million in Investments and Savings. Can We Afford to Withdraw $60k-$80k Per Year in Retirement?

finance.yahoo.com My wife and I are both 56. We have around $1.2 million saved – approximately $450,000 in company 401(k)s, $650,000 in a managed account, and approximately $70,000 in…

Suze Orman says there’s 'no decision is bigger' in retirement than this Social Security move

aol.com Disclaimer: We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links.…

I Am 58 With $1 Million in My 401(k). Should I Switch to Roth Contributions?

finance.yahoo.com I Am 58 With $1 Million in My 401(k). Should I Switch to Roth Contributions? Whether to make the move from contributing to a tax-deferred workplace plan or switch to a Roth…

Ready or not, the youngest boomers are retiring

finance.yahoo.com None This post originally appeared in the Insider Today newsletter. • None You can sign up for Business Insider's daily newsletter here. Happy Earth Day! The holiday is a…

Column: More than just a store, 99 Cents Only gave a fair shake to all who entered

latimes.com Axel Madrid, 5, rests his head on a shopping cart as his father, David Madrid, makes purchases at a 99 Cents Only store in Glendale. The discount chain has announced that it…

What We Could and Should Change About Tax Day Forever

foxnews.com April 15 has just passed. Most of us are taking a breather. It doesn’t have to be this way. The FairTax Act which has been before Congress for 25 years would fund the…

Test yourself: See if you’re one of the few who can answer these 2 basic retirement questions

finance.yahoo.com Odds are you can’t correctly answer this basic question about retirement investing. • None Here are the S&P 500 levels to watch if the pullback continues • None Nvidia’s…

Today's 15- and 30-year mortgage rates continue to hold steady

foxbusiness.com The interest rate on a 30-year fixed-rate mortgage is 7.500% as of April 22, which is unchanged from Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage…

Ask An Advisor: I'm 65, Earning at My ‘Absolute Peak' and Won't Retire Soon. Should I Use My Roth IRA for a $30K Home Improvement Project?

finance.yahoo.com I am 65 and at the absolute peak of my earnings. I’m also in the 35% tax bracket and am not looking to retire soon. I need $30,000 for a home project. I have enough to take…

Thousands of children removed from Social Security

newsweek.com The number of Americans under 18 years of age who receive federal payments from the Social Security Administration (SSA) dropped by about 6,800 in March, according to the…

Millionaires

finance.yahoo.com You already know the basics of building wealth in a 401(k) account, right? These game-changing tactics have been shared a million times, because they are undeniably powerful…

Will Doing $7k in Annual Roth Conversions Lead to Higher Social Security Benefits?

finance.yahoo.com If we roll over $7,000 per yr from a traditional IRA to a Roth IRA for the next four years (which is when we will receive full Social Security), could it bump up the amount…

Ask an Advisor: If I Move From New York City to Florida, Can I Afford to Retire?

finance.yahoo.com I’m 54 and would like to retire next year. I intend on moving out of expensive New York City to Florida where I will purchase a home outright with cash for $600,000 to…

Social Security update: $4,873 payment goes out this week

newsweek.com A payment of up to $4,873 is set to go out to some Social Security beneficiaries this week, though many will receive less than the maximum amount. On Wednesday, Social…

Social Security chief gives update on delays, overpayments: "Crisis"

newsweek.com The Social Security program is currently facing "a customer service crisis," according to the Social Security Administration's (SSA) new commissioner, former Maryland…

BlackRock CEO Larry Fink wants to solve the retirement crisis and has an important message for aspiring retirees

aol.com As sage billionaires go, BlackRock chairman and CEO Larry Fink belongs in the same rarefied air as Warren Buffett. And while he probably stopped worrying about his own nest…

I’m 55 years old and I have $0 in savings, but I want to retire in 10 years

aol.com Want to retire in 10 years but don’t have any savings? First, know that you’re not alone. Second, know that it’s possible to fix this situation — but it will take discipline…

$8 Million Will Buy You This Much Retirement

finance.yahoo.com If you have enough money in the bank to last the rest of your life, you can retire. If you don’t, you can’t. It’s as simple as that, although, of course, nothing about…

Millions of Americans may be eligible for $4,873 payment in just four days

the-sun.com MILLIONS of Americans could be eligible for a payment of $4,873 next week. Social Security recipients can find their April check in their accounts on April 24. Beneficiaries…

You can buy a home in France or Italy for 'the price of a new truck'

cnbc.com What started as a fun side project for Tommy Sikes has become a big part of his business. With the youngest of his three children about to enter law school, Sikes began…

Digital Birth Certificates Expand Range of Paperless IDs in Connected Economy

pymnts.com You’ve likely heard of digital driver’s licenses, digital passports, and digital IDs. Now, digital birth certificates are emerging as the latest addition to the digital…

How Much Retirement Will $700,000 Buy Me?

finance.yahoo.com If you have $700,000 saved up for retirement, it’s natural to wonder how many years it will last. How long $700,000 will last in retirement depends on post-retirement…

US soldier at Fort Bragg sentenced for running romance scam

aol.com None A federal judge sentenced a former Army service member to prison for running a romance scam. • None The service member impersonated military officials and others to…

IMF's Gopinath says high U.S. deficits fueling growth, higher interest rates

finance.yahoo.com The United States needs to raise revenues to bring down high budget deficits even though they are helping to fuel global growth by stoking domestic U.S. demand,…

Ask an Advisor: We're in Our 70s With Nearly $3.5 Million Invested ‘Solely in Stocks.' Should We Switch to a 60/40 Portfolio?

finance.yahoo.com I am 73 and my wife is 70 with one son. We have $235,000 in a savings account and we each have $250,000 in Roth IRAs. We also have $1.675 million in a brokerage account and…