Social Security faces a shortfall because the program spends more than it takes in. In 2024, the OASI Trust Fund cost $1,327 billion to administer, but income totaled only $1,224 billion, a ...

Social Security is on track to deplete its trust funds by 2034, one year sooner than previously forecast, when the federal retirement program will be required to cut monthly benefits by about 20% ...

The $23,760 Social Security bonus most retirees completely overlook. Offer from the Motley Fool: If you're like most Americans, you're a few years (or more) behind on your retirement savings.

The Social Security Administration Doesn’t Have Your Money. If the Social Security program closed for good, it’s highly unlikely that you would receive the money that you put into the system.

The Social Security Trustees just moved up the timeline for the program's trust fund depletion date. Benefit cuts could now be on the table within a decade. Lawmakers have managed to prevent ...

The Social Security Board of Trustees said last week that the program’s combined trust funds will run out of money in 2034 — one year earlier than was projected in 2024.

The Social Security Administration (SSA) has processed over 2.5 million retroactive payments for teachers, firefighters, police officers and others with public pensions who were previously locked ...

For example, Americans do not have to pay Social Security taxes on any income above $176,100 a year. Until that cap is raised, no additional tax cuts for the wealthy should even be considered.

Stock image/file photo: A Social Security card rests with U.S. dollars. GETTY What Happens When the Trust Funds Run Out? The report outlines that, if nothing is done to shore up the funds, from ...

The Social Security Administration had been overpaying her, the letter said, and wanted money back. Within 30 days, it said, she should mail the government a check or money order. For $60,175.90.

Those eligible for SSI can begin the application process online, in person at your local Social Security office, or by calling 1-800-772-1213 (TTY 1-800-325-0778) from 8 a.m. to 7 p.m. local time ...