#secu-social-security
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#social-security #retirement-planning #retirement-benefits #retirement #benefit-cuts #cola #inflation #legislation
Psychology
fromSilicon Canals
5 days agoThe forgotten generation isn't the young people struggling to find their place in the world - it's the retirees sitting in fully paid-off houses with lifetimes of experience, waiting for a phone call that the modern world no longer knows it's supposed to make - Silicon Canals
Older adults possess valuable experience but are often overlooked and isolated in contemporary society.
Healthcare
fromFortune
3 days agoHome healthcare is propping up the labor market, but fewer hours, high burnout, and an immigration crackdown threaten to topple it | Fortune
Home healthcare workers are crucial yet underrepresented, facing unsustainable conditions amid the aging baby boomer population, impacting the broader economy significantly.
Healthcare
fromMedCity News
1 week ago'A Significant Assault on Our Health': Healthcare Policy Leaders Condemn Trump's Budget Proposal - MedCity News
Trump's fiscal year 2027 budget proposes significant cuts to healthcare, exacerbating previous reductions and drawing criticism from healthcare advocates.
from24/7 Wall St.
2 months agoSocial Security Faces $460 Monthly Cut Per Retiree Unless Congress Acts
The Old-Age and Survivors Insurance Trust Fund faces a critical milestone in 2033 when its reserves are projected to run dry. This doesn't mean Social Security disappears-payroll taxes from current workers will continue flowing in, but those taxes alone won't cover full benefits. The gap between incoming revenue and promised payments creates the funding crisis. Without congressional action, the program could only pay about 77% of scheduled benefits.
US news
Retirement
fromFortune
1 month agoSocial Security has 6 years left. The fix that sounds cruelest may be the smartest | Fortune
Social Security's trust fund faces insolvency by 2032, and benefit cuts rather than tax increases may generate stronger long-term economic growth through increased private savings and capital investment.
Retirement
from24/7 Wall St.
1 month agoThis Could Be Social Security's Most Confusing Rule
Spousal Social Security benefits cap at 50% of the spouse's primary insurance amount and cannot grow beyond this maximum, unlike individual benefits which increase 8% annually when delayed past full retirement age.
Retirement
from24/7 Wall St.
1 month agoThe Social Security OASI Fund Now Has a 2032 Depletion Date and Baby Boomers Should Pay Attention
Social Security's Old Age and Survivors Insurance trust fund will deplete in 2032, one year earlier than previously projected, triggering automatic 23% benefit cuts unless Congress acts.
#social-security-claiming-strategy
Retirement
from24/7 Wall St.
1 month agoClaim Social Security at 62? Dave Ramsey's Advice Looks Riskier as Benefit Cuts Loom
Dave Ramsey recommends claiming Social Security at 62 to maximize lifetime payouts and investment opportunities, but this strategy becomes riskier given Social Security's uncertain financial future.
Retirement
from24/7 Wall St.
1 month agoClaim Social Security at 62? Dave Ramsey's Advice Looks Riskier as Benefit Cuts Loom
Dave Ramsey recommends claiming Social Security at 62 to maximize lifetime payouts and investment opportunities, but this strategy becomes riskier given Social Security's uncertain financial future.
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