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Social Security Fund Will Be Able to Pay Benefits One Year Longer Than Expected, Treasury Says
The Social Security trust fund will be able to pay out benefits for a year longer than prior estimates, the Treasury Department said.
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Wages Up to $147,000 Are Currently Taxed for Social Security. How That Could Change
Making higher earners pay more into Social Security is a popular idea with many Americans. Here’s how such a change could work.
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Social Security's Retirement Age Is Moving to 67. Some Experts Say That Could Go Even Higher
When Congress eventually takes steps to repair Social Security’s solvency, it may raise the retirement age. Here’s what that could mean for benefits.
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If You're a New Retiree Whose Income Has Dropped, You May Need to Appeal Medicare Premium Surcharges
The tax return that’s used to determine whether you pay extra for Medicare premiums may not accurately reflect your income when you retire.
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Biden's 2023 Budget Includes $14.8 Billion for Social Security. Here's What Changes That Could Bring
President Joe Biden’s 2023 budget could help fund service improvements for Social Security. Some groups had hoped to see more in the president’s proposal.
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The Great Inflation Squeeze: Here's How Retirees Can Navigate Higher Prices
Inflation jumped 7.9% in February. That may have retirees on a fixed income concerned about getting by or running out of savings during their golden years.
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What to Do When Your Monthly Social Security Check Isn't Enough
There are many resources to which retirees worried about meeting their bills amid inflation can turn. Here are some of them.
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Tom Brady Cut His Retirement Short. If Other Retirees Take His Cue, It May Reduce the Labor Shortage
Tom Brady retired for 40 days before deciding to give it a go for another season playing for the Tampa Bay Buccaneers. Other retirees could take his lead.
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High Inflation Points to Bigger Social Security Cost-Of-Living Adjustment for 2023
Record high inflation could mean an even bigger boost for Social Security beneficiaries next year, according to one early estimate.
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These Social Security Scams Will Try to Steal Your Savings. Here's What to Watch Out for
Fraudsters prey on fear to get people to cough up money. Here’s what to watch out for and how you can help stop these schemes.
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Already Claimed Social Security? There Are Still Ways You May Be Able to Increase Your Retirement Benefits
The age you claim Social Security largely determines the size of your monthly checks. But there are still ways you can boost that benefit payout.
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Social Security Online Statements Provide Key Information to Help You Boost Your Benefits
Newly redesigned online benefit statements may hold key information for boosting your Social Security retirement benefits.
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‘You're on Hold Forever.' Social Security Applicants Complain About Agency's Long Waits
The Social Security Administration is poised to reopen its offices this spring. Some beneficiaries and applicants say they need answers to questions now.
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Retiring and Enrolling in Medicare: You May Need to Appeal Premium Surcharges If Your Income Is Dropping
Although your income may drop when you retire, you could face higher Medicare premiums if your most recent tax return shows income above a set threshold.
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Living Only on Social Security Can Be Difficult. There Are Many Resources That Can Help Struggling Seniors
There are thousands of public and private programs available to seniors struggling and living only off their Social Security.
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‘Yes, Marry for Money': A Top Economist Shares the Surprising Financial Benefits of Marriage
Harvard economist Laurence Kotlikoff shares the money benefits of marrying your long-term partner — and how to make sure you don’t fall victim to an expensive divorce settlement.
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This Hidden Muni Bond Tax May Trigger Higher Medicare Premiums
Tax-free muni bond interest may trigger a costly surprise for high-income retirees with Medicare premium hikes.
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Social Security May Be a ‘Treasure Trove' for You and Your Family. But First You Have to Navigate Some Complex Rules
There are thousands of rules for claiming Social Security benefits. Knowing the ins and outs for your situation can improve your whole family’s income.
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A Harvard-Trained Economist Says ‘Early Retirement Is One of the Worst Money Mistakes'—Here's Why You'll ‘Regret' It
For most Americans, retiring early is one of the worst financial mistakes that they’ll end up regretting, according to a Harvard economist. The reason, he says, is simple: People are bad at saving money.
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Here Are 4 Ways to Get Your Retirement Savings Plan Back on Track
It’s easy to lose sight of your retirement goals while juggling day-to-day financial responsibilities. But the steps you take now could add up big later on.