4 Social Security Rule Changes Taking Effect in April 2025
If you’re receiving Social Security benefits, you’ve now had a couple of months to get used to your new checks since the 2.5% cost-of-living adjustment (COLA) took effect in January. Under normal circumstances, your benefit would likely remain the same for the rest of the year, but 2025 is proving to be anything but ordinary […]
Should You Take Suze Orman’s Advice to Delay Collecting Social Security? 6 Things to Consider
Suze Orman has made a name for herself dispensing financial advice — in books, on TV, in podcasts, and in interviews. She has opined many times on Social Security and the importance of making sound decisions regarding it, and I find myself agreeing with much of what she has to say. Where to invest $1,000 […]
Claiming Social Security at 62 Will Shrink Your Benefits. Here’s Why You Should Do It Anyway.
There’s a reason age 62 has long been a popular age to sign up for Social Security: It’s the soonest age you can take benefits. And while waiting can pay off financially, for some people, it’s hard to resist the allure of an immediate monthly paycheck. However, you should know that for each month you […]
What These Social Security Administration Changes Mean to You
Most Americans are served in some way by the Social Security Administration (SSA), and each will have to adjust to a new reality as SSA offices close, the number of employees is reduced, and rule changes are implemented. Here’s what you need to know about the latest changes and what you can do to make […]
Is Social Security Facing a “Five-Alarm Fire” Because of President Trump’s Policies?: 4 Things to Know
Social Security is in trouble, warns U.S. Rep Richard Neal (D-Massachusetts). The ranking Democrat on the House Ways and Means Committee recently issued a press release describing the actions being taken by President Donald Trump and his advisor Elon Musk as creating a “five-alarm fire” at the benefits program. The congressman also asserted that some […]
Social Security’s 2026 Cost-of-Living Adjustment (COLA) Should Be Historic — but It’s Not Great News for Retirees
For most aging Americans, Social Security income isn’t something they can make do without. Based on 23 years of annual surveys from national pollster Gallup, 80% to 90% of retirees rely on their monthly Social Security check to cover some portion of their expenses. Taking into account how vital this income is to the financial […]
Here’s Why This Popular Rule of Thumb Won’t Work for My Retirement Savings
There are many people who enter retirement without a lot of money in savings. I’m hoping not to be one of them. I’m working very hard to contribute steadily to my retirement account in the hopes of not having to endure financial stress later in life — and also, as a backup plan, given Social […]
