Democratic Senators Elizabeth Warren of Massachusetts and Ron Wyden of Oregon are warning Frank Bisignano, the nominee to lead the Social Security Administration, that he will be responsible if staff cuts interfere with the agency’s ability to process and disburse benefit checks. […]
‘You will be responsible’ if benefits are interrupted Read More »
If you receive more Social Security benefits than you are owed, you may face a 100% default withholding rate from your monthly checks once a new policy goes into effect. The change announced last week by the Social Security Administration marks a reversal
Many Americans are capping off the holidays with new debt balances. This season, 36% of American consumers took on holiday debt, according to a new survey from LendingTree. Those who racked up balances this season took on an average of $1,181 in debt,
The classic Christmas movie “Home Alone” tells the improbable tale of a family who leaves their 8-year-old son home when they embark on a vacation. Yet in the years since the 1990 film was released, viewers have focused on another
The IRS plans to issue automatic “special payments” of up to $1,400 to 1 million taxpayers starting later this month, the agency announced last week. The payments will go to individuals who did not claim the 2021 Recovery Rebate Credit on their
Most Americans are concerned about what may happen to Social Security when its retirement trust fund crosses a projected 2033 depletion date, according to a new Bankrate survey. Nearly three-quarters, 73%, of non-retired adults and 71% retired adults say they worry they won’t
Many investors worry their investments may be affected by the outcome of the U.S. presidential election. But history tells another story. Investment research company Morningstar recently evaluated how the S&P 500 has performed starting Nov. 1 in the past 25 U.S. presidential elections and found
Rare bipartisan momentum is growing in the House of Representatives to force a vote on a bill that would address a topic Congress typically avoids — Social Security. The bill — the Social Security Fairness Act — would repeal two rules that reduce Social
