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Social Security

All articles tagged with #social security

us-news1 day ago•19 min saved

May 2026: When Social Security and SSI Benefits Will Arrive in the U.S.

The SSA’s May 2026 payment calendar shows most retirees, disabled and survivor beneficiaries get paid on the second, third, or fourth Wednesday (May 13, 20, or 27, based on birth date). SSI payments go out on May 1. Beneficiaries who receive both Social Security and SSI were paid two days early, and long-time Social Security recipients (pre-1997 claimants) were paid on May 1 instead of a weekend-impacted date. Average monthly benefits cited: Retirement $2,026.41; Disability $1,493.20; Survivor $1,625.56; SSI $738.22. Payments can be made via direct deposit or the Direct Express card.

via Diario AS|

#may-2026 #payment-schedule #social-security

politics1 day ago•82 min saved

Cruz hints at privatized Social Security through private accounts

Sen. Ted Cruz publicly floated the idea of privatizing Social Security by expanding private accounts, a stance associated with GOP reform efforts linked to former President Trump. The remarks are framed as exposing a long-held GOP position on restructuring the program, drawing support from conservatives while raising concerns among critics about guarantees and solvency. The piece places Cruz’s comments in the broader context of ongoing Republican discussions on Social Security reform.

via Yahoo Finance|

#politics #privatization #social-security

lifestyle9 days ago•6 min saved

Trading Doha for Hua Hin: How One Couple Retired Abroad on Social Security

After eight years in Doha, Kevin and Camille Elliott chose to retire in Hua Hin, Thailand, drawn by a lower cost of living and an accessible retirement visa. They moved with their four dogs and plan to live on about $4,000 a month in Social Security while keeping expenses around $2,500, enjoying a perceived higher quality of life and safety in Thailand compared with the US. They’re adjusting to the heat, language barrier, and a developing expat social scene, but view retirement in Thailand as a sustainable alternative to returning home.

via Business Insider|

#cost-of-living #expat #lifestyle

money9 days ago•5 min saved

Early Clues Point to a Bigger 2027 Social Security COLA, with Caution

COLAs are based on third-quarter inflation. April’s CPI rise of 3.8% hints at a larger 2027 COLA than 2026, with the Senior Citizens League forecasting around 3.9% (aligned with the CPI-W used for COLAs). But the official 2027 COLA won’t be announced until October, and any increase could be offset if energy prices fall or Medicare Part B premiums rise. A bigger COLA isn’t necessarily a win for retirees, as higher benefits can come with higher costs; diversification of income or returning to work may help supplement Social Security.

via The Motley Fool|

#cola #inflation #money

economy10 days ago•5 min saved

Fed Inflation Outlook Sparks Bigger 2027 Social Security COLA—Yet Purchasing Power Persists Under Pressure

The Cleveland Fed's May inflation forecast suggests year-over-year inflation could rise to about 3.9% due to energy shocks from the Iran conflict, potentially lifting Social Security's 2027 COLA into the high 3% range. While a larger COLA could help, CPI-W biases and rising Medicare Part B premiums mean beneficiaries won't fully regain purchasing power. The article notes 2025's 2.8% COLA and discusses how inflation dynamics could shape 2027 payouts.

via The Motley Fool|

#cola #economy #federal-reserve

business14 days ago•3 min saved

Social Security could see a near-4% boost in 2027 as inflation stays hot

Forecasters estimate a 2027 Social Security cost-of-living adjustment near 3.8–3.9% (about $80 more per month for the average retiree). This projection from the Senior Citizens League aligns with CRFB’s 3.8% forecast, though ranges could run 3–4.5% depending on inflation July–September. The final COLA will be set in October. A higher COLA would widen the SSA trust-fund shortfall (around $300 billion over the next decade) and hasten insolvency unless steps such as capping benefits for high earners (e.g., at $100,000) are taken, which could save up to $190 billion over ten years.

via CBS News|

#business #cola #crfb

personal-finance15 days ago•5 min saved

Don’t chase a break-even: experts urge holistic Social Security planning

Experts warn that break-even analyses for Social Security can mislead when to claim benefits. Since lifespan, taxes, and a spouse’s benefits affect outcomes, the right approach is a holistic plan—often delaying to 70 for a larger, guaranteed monthly check and considering longevity and the couple’s finances rather than chasing a break-even point.

via CNBC|

#break-even-analysis #longevity #note-extra-tag-counted

latestnews15 days ago•19 min saved

Who qualifies for May 13 Social Security payments? May 2026 schedule explained

The Social Security Administration’s May 2026 payments are scheduled for Wednesday, May 13 for recipients born on the 1st–10th of any month, with follow‑ups on May 20 (11th–20th) and May 27 (21st–31st). Most beneficiaries are paid on the 2nd, 3rd or 4th Wednesday, while those born 1st–10th receive their benefits on May 13; long‑time recipients and those who also collect SSI typically received benefits on May 1. Average monthly benefits are about $2,081.16 for retired workers, $1,634.70 for disabled workers, and $1,625.56 for survivor beneficiaries. Payments can be made via Direct Deposit or the Direct Express card.

via Diario AS|

#benefits #latestnews #payment-schedule

us-news16 days ago•20 min saved

SSA May 2026 payout calendar: SSI first, then the main Social Security cycle on a birth-based Wednesday

May 2026 payouts kicked off with SSI on May 1; most Social Security retiree/ disability/ survivor payments follow the standard 2nd, 3rd, or 4th Wednesday window (May 13, 20, 27) based on birth dates, with certain dual recipients (Social Security + SSI) paid earlier in the month; typical monthly benefits are around $2,081.16 for retirees, $1,634.70 for disabled, $1,625.56 for survivors, and $738.22 for SSI; payments can be deposited directly or loaded to Direct Express.

via Diario AS|

#direct-deposit #may-2026 #payment-schedule

politics17 days ago•35 min saved

Cruz frames 'Trump accounts' as a privatized path to Social Security

Sen. Ted Cruz on a panel at the Milken Institute described the so‑called Trump accounts for children—created under the One Big Beautiful Bill Act that lets parents open tax‑advantaged accounts—as Social Security personal accounts, drawing a direct line to privatizing or reforming the retirement program and citing Australia’s superannuation model. He argued conservatives have pursued this approach for decades and predicted a growing constituency once parents see their kids’ Trump accounts grow, potentially pressuring a redesign of payroll taxes. The White House characterizes the accounts as a wealth-building supplement rather than privatization, while noting Social Security faces funding challenges with the trust fund set to run out by 2034.

via Yahoo|

#one-big-beautiful-bill-act #politics #privatization

business17 days ago•38 min saved

Cliff Looms Over Social Security, Sparking Retirement Anxiety

Rising concerns about Social Security’s funding cliff are triggering fears of benefit cuts and longer waits for financing, prompting lawmakers and analysts to consider reform options such as boosting payroll taxes, raising the earnings cap, or adjusting benefits to shore up the program’s finances.

via Forbes|

#business #funding-cliff #payroll-tax

politics18 days ago•4 min saved

Cruz frames Trump accounts as private Social Security play, fueling privatization talk

At the Milken Institute Global Conference, Sen. Ted Cruz framed Trump’s new accounts as “Social Security personal accounts,” suggesting a path to privatize Social Security by diverting payroll taxes into stock-based accounts for future generations—a view echoed by some conservatives and investors but criticized by advocates as a backdoor privatization; White House and Treasury officials say the accounts are additive and do not change Social Security.

via Axios|

#milken-institute #politics #privatization

business29 days ago•6 min saved

Lawmakers push to end Social Security earnings test for working retirees

Sen. Scott and Rep. Murphy propose the Senior Citizens’ Freedom to Work Act to repeal the retirement earnings test, which currently reduces Social Security benefits for people who work before reaching full retirement age. In 2026, earnings limits impose benefit deductions ($24,480 threshold with $1 cut per $2 earned; FRA has a higher limit with $1 cut per $3) until FRA is reached. Proponents say removing the test would boost work incentives for older Americans and simplify benefits, while opponents warn it could raise near-term costs and impact Social Security’s solvency. The bill’s fate remains uncertain, and savers are advised to use SSA tools to understand their personal impact.

via CNBC|

#business #freedom-to-work-act #full-retirement-age

personal-finance29 days ago•7 min saved

Maximize Your Social Security: Five Retirement Mistakes to Avoid

The Motley Fool highlights five common Social Security mistakes that can reduce retirees’ benefits and offers practical fixes: claiming benefits early out of fear instead of planning, working without understanding the earnings test, assuming benefits won’t be taxed (tax rules and potential RMDs can affect taxability), failing to coordinate spousal benefits, and not checking your earnings record regularly for errors. The piece emphasizes careful timing, tax considerations, and using online tools to estimate outcomes, noting 2026 thresholds ($24,480 earnings before benefits are reduced and $65,160 for the higher earner) and the broader context of Social Security’s finances.

via The Motley Fool|

#earnings-test #personal-finance #retirement-planning

business1 month ago•8 min saved

Trump's Big Bill Could Push Social Security Benefit Cuts Forward

A Motley Fool analysis warns Social Security isn’t bankrupt, but its Old‑Age and Survivors Insurance reserves are projected to run dry by 2033, potentially forcing benefit cuts of up to about 23%. The 2025 Big, Beautiful Bill (BBB) provides temporary tax breaks while reducing payroll‑tax receipts, which the Office of the Actuary says could widen the program’s funding gap by roughly $168.6 billion over 2025–2034 and move reserve depletion forward to late 2032—effectively speeding up the timeline for cuts. With most retirees relying on benefits and demographic pressures (aging population, low birth rates), policymakers face urgent action.

via The Motley Fool|

#benefit-cuts #big-beautiful-bill #business