Social Security

Social Security adds safety protocols to protect people facing long wait times in adverse conditions

Social Security adds safety protocols to protect people facing long wait times in adverse conditions

A Social Security Administration office in Sebring, Florida. Jeff Greenberg | Universal Images Group | Getty Images The agency’s service difficulties date back to before the pandemic, said Maria Freese, senior legislative representative at the National Committee to Preserve Social Security and Medicare. “The Social Security Administration has been underfunded, shortchanged for over a decade …

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If you're 'unretiring' and collecting Social Security, here's what to know before heading back to work

If you’re ‘unretiring’ and collecting Social Security, here’s what to know before heading back to work

Kelvin Murray | Getty Images A combination of record high prices and a record number of job openings has been encouraging more retirees to go back to work. The trend, called “unretirement,” rebounded this spring to pre-pandemic levels. About two-thirds, or 68%, of retirees would consider returning to work, according to a recent CNBC All-America …

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Social Security cost-of-living adjustment could be 10.5% in 2023, according to new estimate

Social Security cost-of-living adjustment could be 10.5% in 2023, according to new estimate

Kevin Dietsch | Getty Images Social Security beneficiaries will be in line to receive a record high cost-of-living adjustment in 2023 due to inflation. The question is exactly how high it may be. Based on new Consumer Price Index data for June released on Wednesday, The Senior Citizens League, a nonpartisan senior group, now estimates …

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Protecting Social Security benefits from rising inflation is high on voters' wish lists, survey finds

Protecting Social Security benefits from rising inflation is high on voters’ wish lists, survey finds

A Social Security Administration office in San Francisco. Getty Images The clock is ticking when it comes to implementing changes to shore up Social Security’s funds, which will not be able to pay full benefits in 13 years’ time. Potential voters are aware of the program’s woes, according to a June survey by Social Security …

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Many younger baby boomers may outlive their 401(k) savings, new research finds. Here's why

Many younger baby boomers may outlive their 401(k) savings, new research finds. Here’s why

Elena Kurkutova | Istock | Getty Images Older Americans may have a number of different goals with their retirement savings. But usually their main goal is the same: to make it last. Unfortunately, many younger baby boomers and members of subsequent generations who don’t have access to a traditional pension could outlive the funds in …

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Hot inflation data points to a record-high Social Security cost-of-living adjustment in 2023. Some want to change how increases are measured

Hot inflation data points to a record-high Social Security cost-of-living adjustment in 2023. Some want to change how increases are measured

Image Source | Getty Images New government inflation data came in hotter than expected last week. If record-high prices don’t subside, that will lead to a higher Social Security cost-of-living adjustment in 2023. Yet even with a more generous boost to benefits next year, there’s a growing campaign to change the way those annual benefit …

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