More than 3 million people are about to get a bump to their Social Security checks thanks to the Social Security Fairness Act, a new law that eliminates two previous rules that reduced retirees' ...
If you’re like most seniors, you’ll rely on  Social Security to provide a good portion of your income once you retire. But, ...
For his last term in office former President Joe Biden sign a new social security measure to ehance benefits for millions of ...
This Social Security Fairness Act checklist explains what public sector retirees can expect from SSFA, including how much ...
The difference in claiming early versus waiting is magnified when you qualify for the maximum possible benefit.
The repeal of two provisions will boost Social Security payments for certain beneficiaries, and will include back payments.
Retirees who collect reduced Social Security benefits early often need to take some IRA money to meet spending goals. These retirees could be hit by what's known as the "tax torpedo." This occurs ...
It essentially altered their Social Security benefit formula to reduce the size of their checks because they didn't pay as much in payroll taxes over the years. Now that it's been repealed ...
President Joe Biden signed a bill on Sunday that will repeal two laws previously preventing many public employees from receiving Social Security benefits. The Social Security Fairness Act ...
In 2024, it was repealed by the Social Security Fairness Act. The Social Security benefit computation formula is intended to favor lower-income workers. Prior to the enactment of the WEP ...
Now that the WEP has been repealed, her Social Security benefit will be recalculated using the standard formula. Before Repeal: $380 per month. After Repeal: Her monthly benefit could ...
and Chris Van Hollen (D- Md.), aims to remove the penalty on disability benefits for SSI recipients who choose to marry. At present, the Social Security Act counts the "money and property" of ...