Explore

Rapid Read Rapid Read
Senate Democrats Criticize Social Security Commissioner for Partisan Emails Promoting President Trump

Senate Democrats Criticize Social Security Commissioner for Partisan Emails Promoting President Trump

Democratic senators have criticized Social Security Commissioner Frank Bisignano for sending emails that they describe as partisan and promoting President Trump. The emails, sent to American seniors, praised President Trump's leadership and policies, including the 'Big Beautiful Bill' which purportedly offered tax cuts and relief for seniors. Senators Elizabeth Warren, Ron Wyden, Tammy Baldwin, Sheldon Whitehouse, and Ben Ray Luján have expressed concerns that these communications conflict with Bisignano's commitment to run the Social Security Administration (SSA) independently and without political bias. The senators are seeking details about the distribution of a specific email sent on July 2, which they argue contained misleading statements about the benefits of the bill for seniors.
Rapid Read Rapid Read
Americans Retire Earlier Than Planned, Face Financial Regrets

Americans Retire Earlier Than Planned, Face Financial Regrets

A report from the TIAA Institute reveals that many Americans are retiring earlier than expected, often leading to financial regrets. The study found that a significant number of retirees wish they had saved more and started saving earlier. The average retiree surveyed retired at age 57, with over half retiring sooner than planned. This trend is attributed to unexpected life events such as layoffs or health issues. The report emphasizes the importance of workplace retirement savings plans, noting that autoenrollment in 401(k) plans has increased participation rates. The findings suggest that workers should plan for earlier retirement scenarios to ensure financial stability.
Rapid Read Rapid Read
Social Security COLA Adjustment Proposed to Address Long-Term Shortfall

Social Security COLA Adjustment Proposed to Address Long-Term Shortfall

A new analysis suggests that changing the way Social Security's cost-of-living adjustment (COLA) is calculated could significantly reduce the program's 75-year fiscal shortfall. The proposal involves implementing a flat-rate COLA, which would provide the same adjustment to all beneficiaries, potentially closing up to 50% of the shortfall. This approach would be more progressive, affecting higher earners more significantly while boosting benefits for lower-income recipients.
Rapid Read Rapid Read
Democratic Senators Criticize Social Security Email for Misleading Tax Claims

Democratic Senators Criticize Social Security Email for Misleading Tax Claims

Democratic senators have accused the Social Security Administration of distributing misleading information in a July email sent to retirees. The email, authored by Social Security Commissioner Frank Bisignano, claimed that the Republicans' One Big Beautiful Bill Act (OBBBA) provided significant tax relief to seniors, attributing an average of $7,500 in savings to President Trump's policies. The senators, including Elizabeth Warren and Ron Wyden, argue that the email exaggerated the impact of the OBBBA and included partisan messaging, undermining the agency's independence. They have requested Bisignano to clarify the claims by August 11.
AP News AP News
Democrats say Social Security boss' message pushed misleading statements on Trump tax law's benefits

Democrats say Social Security boss' message pushed misleading statements on Trump tax law's benefits

Congressional Democrats are squaring off with President Donald Trump's administration over one of the most potent political issues in the country ahead of this year’s midterm elections: Social Security
Trendline Trendline
Retirees Face Tax Challenges with Traditional IRAs: Strategies to Minimize Impact

Retirees Face Tax Challenges with Traditional IRAs: Strategies to Minimize Impact

Retirees Face Tax Challenges with Traditional IRAs: Strategies to Minimize Impact
Trendline Trendline
Guide to Applying for Social Security Benefits and Boosting Retirement Income

Guide to Applying for Social Security Benefits and Boosting Retirement Income

Guide to Applying for Social Security Benefits and Boosting Retirement Income
TheStreet TheStreet
Census Bureau data exposes startling retirement gap

Census Bureau data exposes startling retirement gap

Retirement readiness in America depends heavily on where a household is located. A 2026 SmartAsset study of Census Bureau data shows the typical household holds roughly $80,000 in tax-advantaged retirement accounts, approximately one year of current income.  That national median obscures a ...
TheStreet TheStreet
A 1987 idea could have saved Social Security

A 1987 idea could have saved Social Security

Every household budget has a repair that gets postponed. The roof leak that is still only a stain on the ceiling. The transmission noise you learn to drive around. Nothing bad happens for years, and then it does, and the bill is far bigger than it would have been if the problem had been addressed ...
Rapid Read Rapid Read
Social Security Administration Introduces New Online Tools to Aid Disability Benefit Management

Social Security Administration Introduces New Online Tools to Aid Disability Benefit Management

The Social Security Administration (SSA) has launched a series of new online tools aimed at simplifying the management of disability benefits for Americans. These tools include a Claim Status Tracker, expanded digital notices, and online document submission capabilities. SSA Commissioner Frank J. Bisignano emphasized that this digital-first approach is designed to empower claimants by providing easier access to case information and reducing reliance on phone calls and paper mailings. The initiative is part of a broader effort to modernize SSA services and improve outcomes for the approximately 10 million Americans who receive disability benefits.
Trendline Trendline
Financial Planner Advises Against Using Retirement Funds for Home Renovations

Financial Planner Advises Against Using Retirement Funds for Home Renovations

Financial Planner Advises Against Using Retirement Funds for Home Renovations
Trendline Trendline
Survey Reveals One-Third of Investors Have More Credit Card Debt Than Retirement Savings

Survey Reveals One-Third of Investors Have More Credit Card Debt Than Retirement Savings

Survey Reveals One-Third of Investors Have More Credit Card Debt Than Retirement Savings