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The Latest Breaking News from Social Security

7 Smart Ways to Compare Retirement Tax States Before You Move

Retirement opens the door to new possibilities, and for many people, that includes relocating to a new state. A lower tax bill can make retirement savings stretch further, but chasing a tax-friendly destination without doing enough research can create expensive surprises. A state that looks perfect on paper may carry…

The Free Financial Advisor

Ask the Tax Editor, June 19: Estimated Tax Payments and Withholding

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on federal estimated tax payments and federal income tax withholding.

Kiplinger

'Raise the Cap for Payroll Taxes': Former Commissioner's Social Security Fix as New Study Predicts Insolvency by 2032

Social Security trust funds may deplete by 2033, prompting calls for reforms. Experts suggest raising payroll tax caps to avert benefit cuts, while lawmakers debate solutions.

International Business Times UK

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5 Pennsylvania Rebate Rules Seniors Should Check Before the Property Tax/Rent Deadline

Like everything else, property taxes have continued to climb in price recently. Seniors who may have lived in their homes for decades are being faced...

Saving Advice

6 Ways Working After Retirement Can Change Your Social Security, Medicare, and Tax Bill

In the United States today, retirement doesn’t mean completely leaving the workforce anymore. Actually, 1 in 5 Americans 65+ still works in a part-time or...

Saving Advice

7 Things the 2026 Trustees Report Actually Means for Seniors Counting on Social Security

The 2026 Trustees Reports for both Social Security and Medicare were released by the U.S. Department of the Treasury on June 9, 2026. This report...

Saving Advice

Georgia New Residents Have 30 Days to Transfer an Out-of-State License: 6 Steps Drivers Should Know

Moving to Georgia brings plenty of excitement. New neighborhoods, new restaurants, and new roads all become part of daily life. However, one task deserves a spot near the top of every newcomer’s checklist: transferring an out-of-state driver’s license.

Clever Dude

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India-UK social security pact to benefit 90-95% of Indian professionals in Britain

A new social security agreement between India and the UK, effective July 15, will benefit 90-95% of Indian professionals working for Indian companies in Britain. This pact exempts temporarily transferred employees from host country social security contributions for up to five years, reducing costs for firms and boosting Indian service…

The Economic Times

Trump's 'One Big Beautiful Bill' Quietly Costing Social Security $169 Billion and Fast-Tracking Benefit Cuts

President Trump's tax law is projected to increase Social Security costs by $168.6 billion, accelerating the depletion of trust funds and adding pressure on Congress to address funding gaps.

International Business Times UK

Find Out If Social Security Increases Will Cover Your Higher Food, Energy and Other Costs

Social Security's annual cost-of-living adjustment (COLA) is designed to help seniors deal with inflation by increasing their monthly payments. Learn More: Your Social Security Check Could Be Higher...

GOBankingRates

5 Tax-Saving Strategies That Can Help You Have a Better Retirement, From a Financial Planner

Americans are working for more companies across their lifetime — and for far longer. That can lead to greater tax liabilities you'll need to plan for.

Kiplinger

‘Social Security is on a collision course toward insolvency,’ watchdog says. It hasn’t been this bad since 1983

The 2026 Social Security Trustees’ Report finds the worst financial outlook in nearly half a century—and a new law signed this year made things worse.

Fortune

Best Budgeting Apps for Retirees in 2026: 7 Features That Matter on a Fixed Income

When it comes to managing your finances, there is no shortage of apps trying to get you to link your bank account and help you...

Saving Advice

Even an AI-Sparked Economic Miracle Will Not Save the Federal Budget

Congress cannot sit by and hope for AI to fix the deficit.

Reason

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The Free Financial Advisor

Low-Income Seniors Are Losing Extra Help Eligibility Without Any Notice

A growing number of low-income seniors are waking up to an unwelcome surprise at the pharmacy counter: their Medicare Extra Help has vanished. This program, officially known as the Part D Low-Income Subsidy, helps cover prescription drug costs for people on tight budgets. When it disappears without warning, out-of-pocket medication…

We Got This Covered

Michigan widow targeted by scammer, gets ready to give him gold worth $70k. But what the scamner gets is a bag filled with chocolate

He scared her saying her Social Security Number was linked to terrorism.

Kiplinger

Why I Decided to Appeal My Medicare IRMAA Surcharge

I retired from full-time work early last year, but I'm still subject to the surcharge because of this rule.

Kiplinger

50% of Retirees Will Need Long-Term Care at 85: How Will Your Retirement Plan Today Address That?

Do you know how you'll afford to age in place, help kids and grandkids now and after you pass and avoid making compromises on your healthcare?

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The Mary Sue

Elon Musk Is the World’s First Trillionaire. Disgusting

Elon Musk has officially broken the record for becoming the world’s first trillionaire. Online reactions have varied, with some congratulating Musk and others criticizing the obscene wealth he has amassed. According to Bloomberg, Tesla and SpaceX founder became the world’s richest man in history after his net worth reached $1.1…

Fortune

Social Security faces steep cuts. These senators want to bet on stocks and $27 trillion in debt to save it—but 'the gamble does not always pay off'

"As a result, the most likely outcome is that in the 75th year, the government will end up with a big pile of debt, requiring large interest payments."

Saving Advice

7 Reasons Older Workers Are Quietly Powering the 2026 Economy — and What It Means for Your Retirement Timeline

For decades, retirement at 65 was considered the finish line. Today, that milestone looks very different as millions of Americans continue working well into their...

The Free Financial Advisor

Part B Premiums Jumped This Year — Here’s Who Gets Hit the Hardest

Medicare Part B costs just climbed again, and the increase is already reshaping monthly budgets for millions of Americans. Retirees who carefully planned their expenses now face tighter margins as healthcare takes a bigger bite out of fixed incomes. Even modest jumps in premiums ripple through grocery budgets, utility bills,…

The Free Financial Advisor

Social Security’s Do-Over Option Exists — But Only for the First 12 Months After Filing

Retirement decisions often feel final, especially when Social Security enters the picture, but one surprising rule gives retirees a rare second chance. The Social Security Administration allows a short window where individuals can undo their benefits decision and restart the process as if the first claim never happened. That option…

The Free Financial Advisor

Early Claimers Are Locked Into a Permanently Reduced Benefit — Even After Full Retirement Age

Retirement decisions carry long shadows, especially when Social Security enters the picture. Many people assume timing simply changes monthly income until full retirement age arrives, then everything “normalizes.” That assumption creates one of the most expensive misunderstandings in retirement planning. Early claiming does not temporarily reduce benefits; it permanently locks…

Kiplinger

5 Costly RMD Mistakes That Will Put a Dent in Your Savings (and How Early Planning Can Help)

Like your golden years, RMDs creep up on you quicker than you think. Planning ahead can prevent you (and your heirs) getting hit with penalties and extra taxes.

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