Senior Benefits

2027 Social Security COLA Still Months Away – What Seniors Can Do While Waiting

by
2027 Social Security COLA Still Months Away - What Seniors Can Do While Waiting

The 2027 Social Security COLA is still several months away, but many retirees are already feeling financial pressure. Seniors received a 2.8% cost-of-living adjustment in January, yet rising prices for food, housing, healthcare, utilities, and everyday needs have made that increase feel smaller than expected. As of April 2026, the average monthly Social Security retirement benefit is about $2,081. For … Read more

New Proposal Could Cap Some Social Security Yearly Benefits

by
New Proposal Could Cap Some Social Security Yearly Benefits

A new Social Security proposal is gaining attention because it would limit yearly benefits for some high-earning retirees. The plan is designed to help address Social Security’s long-term funding problem while protecting most lower and middle-income beneficiaries. The proposal comes from the Committee for a Responsible Federal Budget, a Washington, D.C. think tank. Its plan, … Read more

New Proposal Could Limit Six-Figure Social Security Benefits to Protect the Program’s Future

by
New Proposal Could Limit Six-Figure Social Security Benefits to Protect the Program’s Future

A new proposal to cap high Social Security benefits is gaining attention as the program faces growing financial pressure. The idea focuses on limiting annual benefits for retired couples who receive more than $100,000 per year from Social Security. Supporters say this change could save billions of dollars and help extend the life of the … Read more

Social Security Glitch May Be Reducing Payments for Some Seniors

by
Social Security Glitch May Be Reducing Payments for Some Seniors

A Social Security issue linked to the new Social Security Fairness Act may be costing some retirees thousands of dollars in retroactive benefits. Lawmakers are now urging the Social Security Administration to correct the problem and ensure that all eligible seniors receive the full payments they are owed. The issue affects certain retirees who may … Read more

Social Security 2027 COLA May Be Bigger Than Expected as Inflation Rises

by
Social Security 2027 COLA May Be Bigger Than Expected as Inflation Rises

Social Security beneficiaries may receive a larger cost-of-living adjustment, or COLA, in 2027 than early forecasts suggest. Current estimates have pointed to a moderate increase, but rising inflation, especially higher energy prices, could push the final adjustment higher. The 2027 COLA is not final yet. It will depend on inflation readings during the third quarter … Read more