Social Security and Medicare trust funds, which help pay benefits, are projected to run dry. What will happen then?

Every October, the Social Security Administration reveals its annual cost-of-living adjustment, also known as COLA, based on inflation data from the U.S. Bureau of Labor Statistics.

Senate passes Trump-backed bill ending Social Security taxes for retirees, but changes may speed up trust fund insolvency and ...

Another round of Social Security payments is scheduled to be made this week for beneficiaries across the country. Why It Matters. The Social Security Administration pays retirement, disability and ...

Social Security is now projected to run out of money one year earlier than expected. ... Taxes – You could get taxed on up to 85% of your Social Security benefits, ... 2020, 2021, 2022, and 2023.

There are a myriad of reasons why retirees look to build long-term portfolios that can sustain their spending goals in retirement. For one, social security benefits aren't generally considered to ...

The Social Security program, which pays out benefits to nearly 70 million Americans each month, offers eligible recipients a key choice. Specifically, retirees can choose to start claiming ...

FILE - A Social Security card is displayed on Oct. 12, 2021, in Tigard, Ore. The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new ...

Your Social Security benefits might be a big source of retirement income for you. ... The average Social Security benefit in Washington is $2,021.79. While it’s a great state to call home, ...

Visual showing a price graph heading higher, with $100 bills in the background. This year’s cost of living adjustment (COLA) is the smallest increase since 2021, at 2.5%.Retirees currently on ...