Some retirees may be missing out on thousands of dollars in Social Security back payments, leading a bipartisan group of U.S. senators to urge the agency to revise its current policy on retroactive benefits. The issue revolves around how the Social Security Fairness Act is being applied following its enactment in January 2025. Background: Changes … Read more
Many Americans expect Social Security payments to begin smoothly once they file for benefits. However, one overlooked rule can reduce checks for people who claim early while still working. This rule is called the retirement earnings test. It applies to people who claim Social Security before reaching full retirement age and continue earning income from work. … Read more
A new proposal is drawing attention in the United States because it could place limits on Social Security benefits for some higher-income retirees. The idea comes as concerns grow over the long-term financial health of Social Security and the future of retirement payments for millions of Americans. The proposal, called the “Six Figure Limit”, was released … Read more
For many workers in their 40s, retirement can feel both far away and surprisingly close. You may still have 20 or more working years ahead, but this is also the stage where retirement planning starts to feel serious. At the same time, life is often expensive in your 40s. Mortgage payments, children’s needs, career pressure, … Read more
Millions of Social Security beneficiaries are checking the May 2026 payment calendar to find out whether they will receive money this week. The first regular wave of May Social Security payments is scheduled to go out on Wednesday, May 13, 2026. The payment date depends on a recipient’s birth date. This schedule applies to many … Read more
Social Security offices across the United States are set to close for a 24-hour period in observance of Memorial Day. The closure will affect around 1,300 Social Security branches on Monday, May 25, 2026. The shutdown is part of the federal holiday schedule followed by the Social Security Administration every year. While in-person services will … Read more
Millions of Americans preparing for retirement face one major question: how can they make their money last after they stop working? For many workers, retirement income depends on a mix of Social Security, 401(k) savings, IRAs, part-time work, and personal investments. Fidelity Investments is now reminding Americans that one decision can have a long-term impact … Read more
Deciding when to claim Social Security retirement benefits is one of the most important financial choices many Americans make. For millions of retirees, these monthly payments are a major source of income, and the age at which benefits begin can significantly affect long-term financial security. While some people claim as soon as they become eligible … Read more
Social Security beneficiaries should prepare for slightly delayed payments in May compared to a typical month. Each month, eligible individuals receive Social Security benefits, which provide a reliable source of income for retirees and those unable to work due to disability. Payments are distributed based on the recipient’s birthdate. In May 2026, many recipients will … Read more
Certain Social Security beneficiaries are receiving increased payments this year due to changes in how benefits are calculated. The removal of two key restrictions has led to higher payments for eligible widows and divorced spouses, affecting about 28 percent of state and local public workers, according to the Social Security Administration. The Congressional Budget Office … Read more