The Social Security payroll tax is a crucial component of the U.S. tax system, funding Social Security benefits for millions of Americans. As of 2025, there are no plans to increase the Social Security payroll tax rate itself. However, the…
The Role of Congress in Determining Social Security’s Future Social Security is a vital program that provides financial support to millions of Americans, particularly retirees and those with disabilities. However, its future is uncertain due to financial challenges and political…
Calculating Cost-of-Living Adjustments for Social Security Cost-of-living adjustments, or COLAs, are crucial for ensuring that Social Security benefits keep pace with inflation. This means that as prices rise, the amount of money retirees receive from Social Security also increases. But…
Could Social Security Benefits Be Cut in the Near Future? Social Security is a vital program that provides financial support to millions of Americans, particularly retirees and those with disabilities. However, recent developments suggest that changes to the program could…
When you pass away, your Social Security benefits do not automatically continue to your family or estate. Instead, the Social Security Administration (SSA) has specific rules and procedures in place to handle the situation. ### What Happens to Your Benefits?…
The COVID-19 pandemic has had a profound impact on many aspects of society, including the financial health of Social Security in the United States. To understand this impact, let’s explore how the pandemic affected Social Security’s finances. ### Reduced Future…
Protecting Yourself from Social Security Scams Social Security scams are becoming increasingly sophisticated, targeting vulnerable individuals, especially seniors. These scams can lead to significant financial losses and identity theft. Understanding the common types of scams and knowing how to avoid…
Many seniors continue to work even after they start collecting Social Security benefits. This might seem counterintuitive, but there are several reasons why they choose to do so. Let’s explore these reasons and understand the implications of working while receiving…
The Debate Over Increasing the Full Retirement Age In recent years, there has been a significant debate about whether the full retirement age for Social Security should be increased. This discussion is largely driven by concerns over the long-term sustainability…
Donald Trump’s Social Security Promises: Did He Keep Them? During his presidential campaigns, Donald Trump repeatedly promised not to cut Social Security or Medicare. He emphasized that these programs were vital for seniors and that he would protect them. However,…