In a new fiscal year 2025 budget, policymakers call for raising the Social Security retirement age. The proposal is the latest to target the largest program in the federal budget — and the largest income source for many retirees. It comes as the Social Security Administration released a report showing that, if Congress does nothing […]
What Raising the Social Security Retirement Age Would Mean Read More »
Millions of seniors nationwide are among those who rely on the financial support they receive each month via their Social Security benefits checks. However, many say that these payouts have failed to keep up with inflation and the escalating prices of basic goods and services over time. One analysis showed that retirees have in fact lost significant
Senators Propose Boosting Seniors’ Social Security Benefits Read More »
The Social Security Administration (SSA) website hosts a wealth of online tools that offer you convenient access to benefits information. To make the most of these tools, simply create a my Social Security account online. It is free to set up a mySSA account. More than 65 million people are currently collecting Social Security benefits. Whether or
11 Things You Can Do Online Via the Social Security Website Read More »
The Senate and House have cleared the passage of a year-end $1.7 trillion appropriations bill that will benefit older adults on a number of fronts. The bill, which runs more than 4,000 pages and includes a wide variety of legislation, heads to President Biden next for his signoff. Here is a breakdown of some of
Highlights of How the Omnibus Bill Will Benefit Older Adults Read More »
It has been a tumultuous few years. Amid a continuing pandemic, tense midterm elections, and a war in Ukraine, we have grappled with more than our fair share of grim news. However, with the new year upon us, there are some silver linings — in particular for seniors. Here are five reasons for seniors to
5 Reasons for Seniors to Celebrate in 2023 Read More »
The Social Security Administration has announced that its beneficiaries will see a significant increase – totaling nearly 9 percent – in their monthly Social Security checks come January 2023. This cost-of-living adjustment (COLA) is the largest boost to Social Security benefits in more than 40 years. The increase for 2022 was 5.9 percent. How Much More Will I Receive?
Social Security Recipients to Get Another Increase in 2023 Read More »