Headlines
Legislation to make changes to the terminology used by Social Security
Sen. Bill Cassidy, [R-LA] introduced on April 29, 2025, a bill to require changes to the Social Security Administration’s terminology. S.1504 – would require the Social Security Administration to make changes to the social security terminology used in the rules,…
Engagement and education gaps involving retirement income
A recent study by the Defined Contribution Institutional Investment Association (DCIIA) found “engagement and education gaps involving retirement income remain a major concern.” The study also found low financial literacy surrounding retirement income and low adoption rates of retirement income…
900,000 are still waiting for their benefit adjustment
The Social Security Fairness Act, affecting over three million retirees, was signed into law on January 5, 2025. The Social Security Administration has processed 2.3 million benefit adjustments, with over 80 percent of retirees affected by the Act receiving their…
What is the new overpayment recovery rate?
According to an emergency message released by the Social Security Administration, the Social Security Administration is stepping back from the 100 percent withholding rate on new overpayment benefits to 50 percent for select beneficiaries only. However, the agency has not…
Dramatic increase in initial claims for Social Security benefits
Americans are rushing to apply for Social Security benefits this year, for some, earlier than planned. Why? Many Americans saw the changes around the Social Security Administration and the stock market volatility as a sign that they should apply for…
Fallout from the Flurry of Social Security Changes
A sign of the times, perhaps…the Google search term “how to claim Social Security” is reported to have recently reached an all-time high. MSNBC’s newsletter editor Ryan Teague Beckwith equates this statistical happening with what appears to be a growing…
A plea for legislators for solve to Social Security’s financial problems.
It’s not just the old folks who are expressing their concerns over Social Security’s steadily–and rapidly–deteriorating financial condition. An article appearing today in The Fordham Ram, Fordham University’s student-run newspaper, offers an insightful opinion piece by student and contributing writer…
Unpaid Student Loans Can Be Deducted from Social Security Benefits.
Beginning May 5th, 2025, if you are behind on your Student Loan payments, you can have 15% of your Social Security benefit withheld until it is repaid. You need to make a payment plan arrangement before May 5th, 2025, to…
A New Way to Access Your Social Security Card is Coming Soon
Soon, you will be able to securely view your Social Security number through your MySocialSecurity Account online. This will enable people who have forgotten their Social Security number or misplaced their Social Security card to retrieve it. This once again…
Confidence in Retirement Planning Holding Steady…But Social Security Concerns Rising
Based on the results of the 35th annual Retirement Confidence Survey (RCS), conducted by the Employee Benefit Research Institute (EBRI) and Greenwald Research, it appears that Americans ages 25 or older continue to feel confident about financial success in retirement.…