Explore

The Commercial Appeal The Commercial Appeal
SSI payments for August coming early for Tennessee recipients

SSI payments for August coming early for Tennessee recipients

Supplemental Security Income recipients will receive their August payments early as the first falls on a Saturday.
USA Today USA Today
What the Social Security COLA means for your benefits

What the Social Security COLA means for your benefits

Learn how the COLA is calculated, who benefits and why rising costs can limit the impact of a bigger check.
TheStreet TheStreet
A Medicare surcharge that could quietly cost retirees thousands

A Medicare surcharge that could quietly cost retirees thousands

You did the right things. You saved. You invested. You planned your retirement income carefully. T hen the Medicare bill arrived and it was nothing like what you expected. The number on the page was hundreds of dollars higher per month than the standard premium you had budgeted for. What hit you is ...
TheStreet TheStreet
New retirees have key vulnerability in a market crash

New retirees have key vulnerability in a market crash

Years of disciplined saving can leave retirees with a nest egg that appears sufficient to support a comfortable retirement. Yet even a well-funded retirement portfolio remains exposed to a risk that long-term saving cannot eliminate, regardless of average market returns. Retirement researchers at ...
USA Today USA Today
How Congress' inaction on Social Security could tarnish your retirement

How Congress' inaction on Social Security could tarnish your retirement

Social Security and Medicare funds are running dry. See how potential benefit cuts could impact your retirement.
Rapid Read Rapid Read
Democratic Senators Seek Answers on SSA Field Office Closures Amid Staffing Issues

Democratic Senators Seek Answers on SSA Field Office Closures Amid Staffing Issues

A group of Democratic senators, led by Sen. Elizabeth Warren, is demanding explanations from the Social Security Administration (SSA) regarding the closure of several field offices across the United States. The senators are concerned about the impact of staffing shortages and reassignments on the SSA's ability to maintain its 1,200 field offices. Despite previous assurances from SSA Commissioner Frank Bisignano to keep all offices open, many have been closed or offer limited services, primarily due to staffing issues. The senators' inquiry follows a history of underfunding and workforce reductions at the SSA, which has seen its employee count drop significantly. The lawmakers are particularly worried about the effect of these closures on rural communities, where access to in-person services is already limited.
Rapid Read Rapid Read
Social Security Payment Schedule for August Detailed

Social Security Payment Schedule for August Detailed

The Social Security Administration has outlined the payment schedule for August, with payments distributed on the second, third, and fourth Wednesdays of the month, depending on the recipient's birth date. Eligibility for Social Security benefits requires individuals to be at least 62 years old with a minimum of 40 work credits. Payments are typically made electronically, either via direct deposit or loaded onto a Direct Express Debit Mastercard. The SSA encourages recipients to ensure their bank information is up-to-date to avoid delays.
USA Today USA Today
Who in PA gets 2 Social Security payments in July? Why it's happening

Who in PA gets 2 Social Security payments in July? Why it's happening

Some social security recipients will get two payments in July, with the second scheduled for July 31. Here's why.
TheStreet TheStreet
Schwab names the No. 1 risk that could derail retirement

Schwab names the No. 1 risk that could derail retirement

A well-funded retirement portfolio, decades of maximum contributions, and a carefully timed Social Security claiming strategy can provide a strong financial foundation.  One expense, though, has the power to permanently drain a nest egg, and the vast majority of retirees never budget for ...
Rapid Read Rapid Read
Medicare IRMAA Surcharge: A Hidden Cost for Retirees

Medicare IRMAA Surcharge: A Hidden Cost for Retirees

The Income-Related Monthly Adjustment Amount (IRMAA) is a surcharge added to Medicare Part B and Part D premiums for retirees with higher incomes. This surcharge is based on modified adjusted gross income (MAGI) from two years prior, which can catch retirees off guard. In 2026, the standard Part B premium is $202.90 per month, but it can increase significantly for those with higher MAGI. The surcharge can add thousands of dollars to annual healthcare costs, particularly affecting retirees who have not planned for this additional expense.
Trendline Trendline
Required Minimum Distributions Pose Tax Challenges for Retirees

Required Minimum Distributions Pose Tax Challenges for Retirees

Required Minimum Distributions Pose Tax Challenges for Retirees
Rapid Read Rapid Read
Gen X Faces Retirement Challenges with Limited Pension Access

Gen X Faces Retirement Challenges with Limited Pension Access

A report highlights the retirement challenges faced by Generation X, with only 14% having access to a pension. Many Gen Xers are heavily invested in AI-themed stocks within the S&P 500, making Social Security a crucial income source. Delaying Social Security benefits from age 62 to 70 can significantly increase monthly payouts, providing a more stable financial foundation. However, the Social Security trust fund is projected to deplete by 2032, potentially reducing benefits to 78% of scheduled payouts. This situation underscores the importance of strategic retirement planning and the need for financial advisors to guide individuals through these complexities.