Like most elected officials, Donald Trump recognizes that Social Security is vital to the financial well-being of our nation's retirees. But he's not oblivious to the fact that altering Social Security comes with potentially negative ramifications. While speaking at the Conservative Political Action Conference in March 2013, Trump said:
The Social Security Fairness Act eliminates two provisions, the WEP and the GPO, that have been penalizing a sizable portion of the workforce for more than four decades.
You may have a lot on your plate as you navigate your way through the start of 2025. But it pays to tackle these Social Security moves sooner rather than later so you're able to make savvy decisions that could have a positive impact on your retirement.
Proposed legislation aims to increase Social Security benefits for adults with intellectual or developmental disabilities by eliminating the "marriage penalty."
In 1983, the Windfall Elimination Provision and the Government Pension Offset, which reduced Social Security payments for retired police officers, firefighters, postal workers and teachers, were signed into law by former President Ronald Reagan.
Personal finance media personality Suze Orman now shines the light on one huge miscalculation retired Social Security recipients are increasingly making that hurts their financial
You can claim Social Security benefits starting at the age of 62. However, the earlier you claim your benefits, the smaller your checks will be. Waiting longer to begin your benefits can have a huge payoff,
The Senior Citizens League (TSCL), a nonpartisan senior group, recently released their monthly COLA estimate, predicting that it would moderate to 2.1% in 2026.
In return for America’s workers voluntarily delaying their earliest Social Security benefits from 62 to 72, the volunteers would get to delay taxes on 401 (k) withdrawals along with taxes on those withdrawals.
For early retirees, using an annuity is one way to bridge the years between leaving the workforce and claiming Social Security. It can help protect your retirement savings while giving you a steady “paycheck replacement” until you can reap a bigger Social Security check.
According to a news release by U.S. Senator Bill Cassidy, the Social Security Fairness Act ensures that public sector workers and their families in Louisiana will receive their full Social Security benefit.
Massachusetts teachers and other public sector employees who qualify for Social Security benefits through covered work will receive a higher benefit once the new rules go into effect.