Social Security

Tesla and SpaceX CEO Elon Musk took aim at Social Security on Monday, calling it the “Biggest Ponzi scheme ever.” Social Security provides retirement income and helps millions of Americans qualify for Medicare. What Happened: Musk was replying to a...

Big wins on Super Tuesday and candidates dropping out have solidified President Joe Biden and Donald Trump as the presumptive nominees to face off in the 2024 presidential election. An election poll shows a close race between the two candidates with the election less than eight months away. What...

President Joe Biden is one of the front-running candidates in the 2024 presidential election. A potential rematch with Donald Trump could spell trouble, with the former president polling ahead of Biden in recent months. Experts for the Democratic party lay out two items that Biden should focus on....

People who receive Social Security benefits will see another cost of living boost of 3.2% to their payments in 2024, bringing the average monthly payment to $1,907 from $1,848 this year. The adjustment is designed to help retirees deal with higher inflation in things like energy costs and groceries...

The U.S. Supreme Court is scheduled to hear a case on Tuesday concerning the funding structure of the Consumer Financial Protection Bureau (CFPB), the agency created following the 2008 financial crisis to protect consumers from predatory lending and other deceptive practices. Central to the case,...

As retirees and those entering retirement start to shift gears from earning to harvesting it can be an intricate field to navigate. There may be complexities for individuals when it comes to commonly analyzed items such as Social Security maximization or portfolio performance. However, some...

As the June 1 debt-ceiling deadline set by the Treasury approaches, concerns are mounting among Americans about the potential impact on government payments such as Medicare and Social Security. Renowned economist Peter Schiff took to Twitter to express his thoughts on this...

An inability to agree on the conditions surrounding a raise of the national debt ceiling has put the U.S. on the verge of default. While President Joe Biden and House Speaker Kevin McCarthy are set to meet on Tuesday to negotiate a deal for the new raise, Treasury Secretary Janet Yellen is warning...

The battle between two potential Republican candidates for the 2024 presidency continues to heat up and has included some name-calling. Here’s the latest insult ushered into the race. What Happened: Former president Donald Trump is among the potential front-runners for the GOP nomination in...

Following the release of September’s consumer price index (CPI) report showing annual inflation of 8.2%, the Social Security Administration announced a new raise for the 70 million Americans who take part in its benefits programs. The new cost-of-living adjustment will be 8.7...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On April 20, 1983, President Ronald Reagan signed the Social Security Amendments of 1983. Where The Market Was: The Dow finished the day at 1,191.47. The S&P 500 traded at 160...

By Mark S. Gardner, CSSCS Life after retirement can be full of changes and challenges, not least understanding how taxes will impact your income and deductions.  Different tax rules can apply to each type of income you receive, so it’s crucial to make tax planning part of your...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1935, the U.S. Social Security Act was signed into law. Where The Market Was: The Dow Jones Industrial Average closed at 128.27 and the S&P 500 traded at 11.37...

Before the COVID-19 coronavirus became a global pandemic, markets were in an unrelenting uptrend. However, soon after world governments began introducing stay-at-home orders, forcing the closure of non-essential businesses and unemployment of millions, financial markets experienced a historic...

If you’re getting ready to retire, you may be expecting your tax bill will be lower with lower income compared to your working years. However, each retirement scenario is unique, and each has different tax consequences. As you approach retirement, you can take several steps to keep your taxes...