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New estimates show Social Security checks rising

New estimates show Social Security checks rising

New forecasts suggest Social Security benefits could rise by 3.5 percent in 2027. See what to expect next year.
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Social Security Administration Advises Online Filing for Retirement Benefits to Avoid Delays and Lost Payments

Social Security Administration Advises Online Filing for Retirement Benefits to Avoid Delays and Lost Payments

The Social Security Administration (SSA) is strongly recommending that first-time applicants for retirement benefits utilize its online filing system. The SSA describes online application as the quickest and most convenient method to sign up for monthly payments. While other options exist, such as applying by telephone or in person at a Social Security office, these methods are prone to delays. Financial journalist Gerelyn Terzo highlighted that in-person appointments can be booked one to two months in advance, and the review process for applications typically takes several weeks. Such delays can result in applicants missing their desired enrollment month and consequently losing out on monthly benefit payments. For example, if a monthly benefit is $2,400 and a delay causes a loss of one month's payment, that $2,400 is not recovered.
Arizona RepublicArizona Republic
Why Social Security recipients in Arizona are getting $90 checks

Why Social Security recipients in Arizona are getting $90 checks

President Donald Trump said he plans to send $90 checks to more than 20 million seniors in the coming days. Here's who gets one, when and why.
Sarasota Herald-TribuneSarasota Herald-Tribune
$90 Medicare checks going to 1.4 million in Florida. Do you qualify?

$90 Medicare checks going to 1.4 million in Florida. Do you qualify?

More than 20 million Medicare Part B enrollees are getting $90 payments from the federal government, including almost 1.4 million In Florida.
TrendlineTrendline
Gen X and Millennials Express Low Confidence in U.S. Retirement System, Seek Lifetime Income Options

Gen X and Millennials Express Low Confidence in U.S. Retirement System, Seek Lifetime Income Options

Gen X and Millennials Express Low Confidence in U.S. Retirement System, Seek Lifetime Income Options
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Americans Increasingly Pessimistic About Retirement Security, Citing Economic Concerns and Social Security Worries

Americans Increasingly Pessimistic About Retirement Security, Citing Economic Concerns and Social Security Worries

A new report from the National Institute on Retirement Security (NIRS) indicates a growing pessimism among Americans regarding their retirement security. Data collected from online interviews of 1,203 U.S. adults, aged 25 and older, reveals that 80% believe the country is facing a retirement crisis, an increase from 67% in 2020. Furthermore, 61% of respondents expressed concern about achieving financial security in retirement, up from 55% in 2020. This heightened anxiety is attributed to various factors, including inflation and market volatility. A significant majority, over three-quarters of Americans, are also worried about potential cuts to Social Security benefits if Congress does not intervene. The report, released during National Retirement Security Month, underscores the challenges workers face in saving for retirement while managing other financial obligations.
Palm Beach PostPalm Beach Post
Why some Florida Social Security recipients received $90

Why some Florida Social Security recipients received $90

The payments, designed to offset Medicare Part B costs, using money from the Medicare Improvement Fund, come just weeks before a contentious election.
ReutersReuters
NY Fed September survey finds public expecting more near-term inflation

NY Fed September survey finds public expecting more near-term inflation

By Michael S. Derby NEW YORK, Oct 7 (Reuters) - The public’s near-term expected path for inflation jumped in September to its highest level in over three years as households downgraded both their current and future financial outlooks, the Federal Reserve Bank of New York said on Wednesday.
Asheville Citizen-TimesAsheville Citizen-Times
2027 COLA increase announcement to come in October. Latest projections

2027 COLA increase announcement to come in October. Latest projections

The announcement for the 2027 COLA increase is expected to come in October. How much North Carolina retirees could see.
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Social Security Administration May Withhold Full Benefits for Early Claimants Exceeding Earnings Limits

Social Security Administration May Withhold Full Benefits for Early Claimants Exceeding Earnings Limits

The Social Security Administration (SSA) has regulations that can lead to the withholding of full benefits for individuals who claim Social Security at age 62 while still earning above a specified threshold. For those born in 1960 or later, specific earning limits are in place, and exceeding these limits can result in deductions from their Social Security payments. The system is designed such that if an individual's earnings surpass the established limits, a portion or even the entirety of their benefits may be withheld. However, the SSA does make adjustments for these withheld amounts once the individual reaches their full retirement age, potentially increasing future benefits to compensate for earlier reductions.
TheStreetTheStreet
Dave Ramsey warns Americans on 401(k)s, IRAs, Social Security

Dave Ramsey warns Americans on 401(k)s, IRAs, Social Security

The bestselling personal finance author emphasizes a major financial consideration when saving for retirement.
TrendlineTrendline
Retirement Planning Emphasizes Lifelong Strategy and Flexibility for U.S. Individuals

Retirement Planning Emphasizes Lifelong Strategy and Flexibility for U.S. Individuals

Retirement Planning Emphasizes Lifelong Strategy and Flexibility for U.S. Individuals