Social Security

U.S. Rep. John Larson’s legislation would increase benefits for the first time in 50 years, but it’s one of the two competing approaches attracting support.

The widely expected bump in benefits won’t alter the program’s fiscal sustainability.

A comprehensive bill by U.S. Rep. John Larson would change how the COLA is calculated, increase income threshold amounts, the rate for inclusion of Social Security benefits and more.

The Social Security Administration found the asset reserves of both the OASI and DI Trust Funds in 2020 increased, but deficits still loom.

A report by the Center for Retirement Research at Boston College found that a jump in inflation could keep the COLA from meeting the rising costs that retirees face.

The inflation-tethered increase is a lifeline for many seniors receiving federal benefits, but there are potential drawbacks.

Blindly following the decades-old industry guideline is dangerous; tapping into 401(k)s if needed while delaying Social Security is smart.

Retiring before the full retirement age can result in a cut in Social Security benefits by as much as 30%, research shows.

With class actions up for appeal and a daunting process facing some ex-servicemembers, the Biden administration faces tests of its commitment to equality.

In a panel discussion, three financial advisors explained why the products are often misunderstood and how to assist clients in evaluating their policies.