The program’s finances could take another hit if some of the president’s tax proposals are passed. What to know about claiming early.
With the newest CBO estimate predicting the national debt will hit $52 trillion by 2035, Congress has two feasible options to protect current Social Security benefits without inflicting fiscal harm.
The Social Security Old-Age and Survivors Insurance (OASI) Trust Fund pays retirement, spousal, and survivors benefits. Before President Biden signed the Social Security Fairness Act into law, the OASI Trust Fund was expected to be insolvent by 2033, at which point only 79% of scheduled benefits would have been payable.
Last week’s Medicare Part D question was from Tonya regarding discovering that she and her husband are receiving an “extra” Part D premium, which she never knew about. You advised her to contact her local Congressional office to help appeal the Medicare issue.
Although Donald Trump has promised to "not touch" Social Security and that beneficiaries will "get what they're getting," many of his proposed policies would have an effect on the program's bottom line, according to the analysis by the CRFB.
Sterling Wealth Management's Sharon Allen and Daly Andersson answer Jana Wiersema's questions about the impact of the new Social Security Fairness Act.
U.S. Rep. David Schweikert warned on the House floor this week about ballooning deficits in Social Security and Medicaid programs. Over the next 30 years, he warned, citing Congressional Budget Office estimates,
When will we receive our higher Social Security payments, now that the penalty is lifted ? Will there be a back payment ? I have tried calling Social Security about this and can never get through. Answer : You are referring to the Social Security Fairness Act,
The nonpartisan Congressional Budget Office ... Committee for a Responsible Federal Budget (CRFB) found would result in a 21% cut to Social Security benefits. "A fiscally weak country cannot ...
With the clock is ticking on the Social Security Trust Fund, Reps. George Latimer and Mike Lawler say more time is needed to study the options.
Read about the CBO's projections regarding the country's budget and economy for 2025 and for the 10 years that follow.
The Congressional Budget Office says that the amount of ... Swagel said debt levels will rise as increases in spending on Social Security, Medicare and interest payments outpace growth in revenues.