Stories tagged “Social Security.”
30 stories
China launched its 2026 National Universal Insurance Enrollment Publicity Month in Chongqing, aiming to expand medical insurance coverage, especially for key groups like flexible workers and students. The initiative seeks to popularize policies and optimize services to en…
3 common mistakes people make with spousal Social Security benefits.
Social Security overpaid a woman by $35,000. The agency now wants her to repay the money.
Social Security COLA for 2027 may be lower than expected due to recent inflation data.
The Los Angeles County Museum of Art (LACMA) has announced a data breach last year that exposed customer and employee information, including social security numbers, medical data, and financial information.
Social Security recipients are eager to know what next year's cost-of-living adjustment, or COLA, will amount to. Estimates are out now on next year's raise, with independent Social Security analyst Mary Johnson saying it will be 3.4% and The Senior Citizens League estima…
Seniors on Medicare should prepare for modest cost increases in 2027, with Part B premiums projected to rise by $6.60 per month. Building a cushion in a fixed-income budget can help absorb these increases.
Delaying Social Security from 67 to 70 could increase checks by 24%. Early claiming might be better if savings aren't enough.
Former JPMorgan executive Matt Zames is joining the Trump administration as an advisor to the Social Security agency, taking an unpaid position.
Claiming Social Security at 62 can reduce your monthly checks by 30% if you file before your full retirement age. However, there are reasons not to take benefits at 62, including having little savings, expecting a long life, and being the higher earner in your household.
Reform UK's welfare plans would force long-term benefit claimants to do community work or face losing benefits, according to Robert Jenrick. The party's 'welfare to work' policy aims to cut disability claims by 40% and save £50bn in total.
If you're planning to retire abroad, you may not be able to receive your Social Security benefits in nine specific countries. These countries include Azerbaijan, Belarus, Cuba, Kazakhstan, Kyrgyzstan, North Korea, Tajikistan, Turkmenistan, and Uzbekistan. In some cases, i…
Claiming Social Security benefits at age 62 comes with more consequences than just a reduced monthly check, including an earnings test, less valuable cost-of-living adjustments, and potentially smaller survivor benefits for a spouse.
Cabinet OKs 2-year consumption tax cut on food to 1% from next April
Japan's cabinet approved a plan to lower the consumption tax rate on food and beverages to 1 percent from the current 8 percent for two years starting next April. The move aims to support households facing persistent inflation, but has fueled concerns about Japan's fiscal…
Social Security provides guaranteed income for life to retired workers and their spouses. When one spouse dies, survivors benefits allow the surviving spouse to inherit the deceased partner's payout. However, many Americans misunderstand the program, which could cause the…
German Minister Anke Rehlinger opposes the proposed abolition of the 'Rente mit 63' pension plan, citing respect for the life's work of individuals. She suggests a compromise, where the plan is not abolished for those who have worked for decades.
Most states do not tax Social Security benefits, but eight states do. The federal government also taxes some benefits, depending on income level.
Claiming Social Security at 62 can reduce your benefits on a monthly basis and possibly a lifetime basis. However, if you've saved well and the money can bring you joy, it may be worth the financial hit.
A proposed bill in Congress aims to scrap the retirement earnings test, allowing Social Security recipients to work without reducing their benefits. Supporters argue it will boost financial flexibility for seniors, while critics warn it will strain the already strained So…
A new bipartisan bill, the Promise Act, aims to force Congress to confront Social Security's upcoming funding shortfall and vote on a reform package before automatic benefit cuts hit retirees around 2032.
Couples can claim up to $10,000 a year in Social Security spousal benefits by coordinating their claiming decisions. Most couples miss this opportunity due to a lack of understanding of how spousal benefits interact with their own claiming strategy.
The Senior Citizens League predicts a 3.9% COLA for 2027, but a portion of the raise may go toward paying higher prices for everyday items. To make the most of the increase, consider tucking it away in a special interest-bearing account, using it to pay off high-interest …
Democratic senators accuse the Social Security Administration of sending an email with 'misleading information' and 'partisan, politicized messaging'. They claim the email overstated the impact of the Republicans' One Big Beautiful Bill Act on retirees' taxes.
Retirees with $500,000 in a traditional IRA who delay Social Security to 70 can collect roughly $259,200 more over 20 years than those who claim at 62. Claiming Social Security at 62 permanently cuts benefits by up to 30%, while waiting until 70 grows them to $2,480 versu…
The Department of Employment and Labour has committed to strengthening collaboration and expanding outreach programmes to improve ex-mine workers' access to social security and compensation benefits, including an estimated R10 billion in outstanding claims.
Social Security's trust fund will run dry by 2032, triggering automatic 22% benefit cuts unless Congress passes reforms beforehand. Congress is weighing several fixes, including raising the 12.4% payroll tax rate, which would reduce workers' take-home pay and raise employ…
Social Security retirees are about to enter the most crucial part of the year when it comes to determining their benefit increase in 2027. Experts predicted a similar COLA to this year's, but the Iran war pushed energy prices higher, which trickled down throughout many as…
Parties agree on new benefit program but stay divided over consumption tax on food
Japan's ruling and opposition parties reached an interim agreement to introduce a new income-linked benefit program in fiscal 2029, while remaining divided over a proposed cut to the consumption tax on food.
David Frum discusses the future of Social Security with Maya MacGuineas, president of the Committee for a Responsible Federal Budget, on his podcast. They talk about the mounting national debt and the political dysfunction preventing Washington from confronting America's …
Deciding when to claim Social Security benefits is crucial for retirement income. The earliest age to sign up is 62, but filing early isn't necessarily a mistake. The biggest blunder is failing to calculate the break-even age, which determines whether waiting or filing so…