Chance Yeh/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Tony Robbins, the well-known motivational speaker, warns that the most popular approach to Social Security is also the most dangerous. On his blog, he says relying on the program as the foundation of your retirement plan…
Olivia and Liam are new parents’ top choices for baby names in 2024 for the sixth year in a row, the Social Security Administration announced. The agency last week released its annual list of most popular baby names in honor of Mother’s Day, with data showing Americans love the familiar when it comes to naming their children. …
The Social Security Administration is retreating from a recent policy change on the agency recovering overpayments that sparked concerns it could cause financial hardship for tens of thousands of beneficiaries. In an April 25 “emergency message” to Social Security employees, the agency said it is reducing its overpayment clawback rate to 50% from 100%. The…
Faced with inflation, taxes and concerns over the size of Social Security benefits, most Americans are more afraid of going broke in retirement than they are of death. That’s according to a new study from Allianz Life that surveyed 1,000 U.S. adults aged 25 years and older with annual incomes of $50,000 and above. In…
The Social Security Administration backed off its plan to cut phone services, but it’s still taking steps to limit the ways that people will be able to access information about the essential agency. The SSA plans to stop issuing communications through normal channels like press releases and will instead make statements exclusively on X. According…
Elon Musk’s close relationship with President Trump may well end up shielding him from the 32 continuing investigations, pending complaints or enforcement actions against his companies in the United States. But something else appears to be happening for Musk in Europe. My colleague Adam Satariano got the scoop last night that X, Musk’s social media…
North Liberty, Iowa — At the weekly senior lunch social in North Liberty, Iowa, chicken was on the menu, but Social Security was top of mind. Iowa, like the U.S., is aging. One in four people in the state is age 60 and older, according to the Iowa Department of Health and Human Services. Uncertainty in…
During his Senate confirmation hearing Tuesday, Frank Bisignano, President Trump’s nominee to run the Social Security Administration (SSA), is likely to face a barrage of questions about where he stands on the future of a government agency that provides retirement, disability and other benefits to more than 70 million Americans. Like other federal agencies, the…
President Trump’s nominee to run the Social Security Administration, Frank Bisignano, will face a Senate hearing on Tuesday morning about his qualifications to run the massive retirement system, as well as his plans for the agency at a time when it has been targeted for significant job cuts by Elon Musk’s Department of Government Efficiency. The…
Getting overpaid by Social Security will soon come at a high cost, with the agency saying Friday it’s reinstating a plan to take 100% of a beneficiary’s monthly check to claw back the money, up from the current 10% rate. The policy change highlights an issue that had caused financial hardship for some beneficiaries in…