A major Social Security funding deadline is approaching, raising fresh concerns for retirees, workers and families who expect the program to support them in the future. Social Security is not expected to disappear or stop receiving money. Workers and employers will continue contributing through payroll taxes. However, the program’s retirement trust fund is projected to … Read more
A key Social Security trust fund used to pay retirement benefits may be depleted in late 2032, according to the latest annual trustees report from the Social Security Administration. The new projection moves the deadline about three months earlier than last year’s estimate. If the Old-Age and Survivors Insurance trust fund runs out as projected, … Read more
The annual Social Security Trustees Report is one of the most important updates for retirees, workers, financial planners, and policymakers. It explains the financial condition of Social Security and gives projections for when the program’s trust funds may run short of money. By law, the report is supposed to be released by April 1 each year. However, … Read more
Social Security insolvency fears are growing as millions of Americans worry about whether their retirement benefits will remain fully available in the future. The concern has become more serious after the 2025 Social Security Board of Trustees report warned that the program’s reserves are expected to be depleted sooner than previously projected. According to the … Read more