FOX Business4 days agoSome Americans to receive rare second Social Security payment in AugustFOX Business - Megan HenneySome Americans will receive two Social Security payments in August, a rare occasion that is the result of a quirk in the system. Typically, the Social Security Administration sends out one payment each week, delivering Social Security checks on the second, third and fourth Wednesdays of each month. …
FOX BusinessBest and worst states to retire in America, according to a new reportFOX Business - Ashley DiMellaA new report is revealing the best and worst states where Americans could retire. Bankrate, headquartered in New York City, evaluated all 50 states on data points to help determine where people might spend their golden years. Some of the factors include living costs, health care costs, crime and …
FOX BusinessSocial Security benefits are falling short. The problem could soon get worseFOX Business - Megan HenneyHigh inflation is continuing to wreak havoc on older Americans' finances. New research published by the Senior Citizens League, a nonpartisan group that focuses on issues relating to older Americans, estimated that Social Security benefits have lost 20% of their buying power since 2010. On average, …
FOX BusinessThese two risks to Social Security and Medicare loom largeFOX Business - Thomas Del BeccaroIt’s an election year, so politicians are making pledges to protect Medicare and Social Security. Consistent with previous years, Democrats are claiming that Republicans will cut both programs despite former President Donald Trump’s pledge. In truth, the two real risks to Medicare and Social …
FOX BusinessNew 401(k) rule makes it easier to tap savings for emergenciesFOX Business - Megan HenneyA new law will make it easier for Americans to use their 401(k)s and other retirement funds as an emergency ATM. Under new IRS rules, Americans can now withdraw up to $1,000 from their 401(k)s without any penalties if the money is needed to cover a financial emergency. Acceptable reasons for a …
FOX BusinessSocial Security just announced a change for millions of beneficiariesFOX Business - Megan HenneyMillions of Social Security recipients will soon need to switch to a new login portal in order to continue accessing their online account information. The Social Security Administration (SSA) said this week that users who created an online My Social Security account before Sept. 18, 2021 will have …
