When Donald Trump was running for office, he pledged that he would not cut any money from Social Security. In fact, Trump’s campaign centered on a big plan for Social Security — to eliminate…
The Federal Reserve left interest rates unchanged on June 17 during Chairman Kevin Warsh’s first policy meeting at the helm of the central bank. But forecasts revealed a more hawkish outlook among policymakers.…
There’s been a lot of pressure on recently appointed Federal Reserve Chair Kevin Warsh to cut interest rates. But with inflation moving in the wrong direction, the obvious move during today’s Fed policy…
Even if you plan well for retirement, there’s a sneaky factor that could drive your costs up over time — inflation. Thankfully, Social Security benefits are protected from inflation. Each year, benefits are eligible…
One of the toughest financial decisions you might have to make in your lifetime is figuring out when to sign up for Social Security. Your filing age, coupled with your earnings history, will have…
Sometimes, when government agencies are slow to release information, there’s a reason for it. It’s unclear as to why the most recent Social Security Trustees Report was so late, but that’s not such a…
As part of his presidential campaign, Donald Trump pledged to do away with taxes on Social Security benefits. He didn’t quite pull that off. But in the interim, a lot of seniors are getting…
On May 22, Kevin Warsh officially took over from Jerome Powell as head of the Federal Reserve. And his first meeting as Fed Chair is shaping up to be a political and economic…
When retirees learned they'd be getting a 2.8% Social Security COLA in 2026, many weren't happy and were quick to blast that raise as stingy and inadequate. While a 2.8% raise isn't negligible, it…
The Federal Reserve is scheduled to meet on June 16 and 17. President Trump is no doubt hoping the central bank, with Kevin Warsh at the helm, will lower its benchmark interest rate…
After the September 11 August CPI report held annual inflation steady at 3.4%, TSCL revised its 2027 COLA forecast down to 3.5%, Mary Johnson moved up to 3.5%, and AARP raised its estimate to…
Claiming Social Security at 62 permanently reduces your monthly benefit by as much as 30%, but a formal do-over rule and a voluntary suspension option may still let you lock in a larger check.…
It’s a scenario many seniors have faced before. You claimed Social Security at 62 because you liked the idea of getting that money as soon as you could. Now, you’re looking at smaller monthly…
In 2022, the last year there’s data available, the Federal Reserve reported that the median retirement savings balance among seniors ages 65 to 74 was $200,000. If we take that data to heart (which…
Most older Americans qualify for Social Security by paying into the system for many years. You actually need 40 work credits to become eligible for retirement benefits. And you can accrue up to four…
Many consumers are struggling to keep up with the ever-rising cost of living. And elevated interest rates aren’t helping matters. That’s why many people may be hoping that the Federal Reserve will cut interest…
Social Security’s Trustees have been sounding warnings for years that the program is facing a major financial crisis. Their latest report highlights just how imminent that funding crunch is. Based on the Trustees’ latest…
If you’re among the millions of retirees who collect Social Security today, there’s a dire milestone looming: 2032. That’s the year when Social Security’s Old-Age and Survivors Insurance Trust Fund is expected to run…
Once you retire, you’ll probably depend heavily on Social Security to cover your costs. Even if you have savings, your money could eventually run out, whereas Social Security is guaranteed to pay you a…
For months, President Donald Trump repeatedly pressured former Federal Reserve Chair Jerome Powell to cut interest rates. Trump’s argument was that lower borrowing costs would boost economic growth, support financial markets, and reduce…
