Retirement News, Income Strategies & Social Security Updates

Retirement News, Income Strategies & Social Security Updates

Day: June 1, 2026

Old couple smile and financial planning with documents in home for pension savings or tax Elderly man and happy woman with budget investment and mortgage paperwork for insurance in retirement
Policy Changes & Legislation
Alexander Clark

Social Security now docks half your monthly check 90 days after an overpayment letter goes unanswered — but a debt of $2,000 or less can be waived by phone

A Social Security beneficiary collecting $2,000 a month who ignores an overpayment notice could now lose $1,000 of that check to automatic withholding. Under a policy change that took effect April 25, 2025, the default recovery rate for Title II overpayments jumped from 10 percent to 50 percent of monthly

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LATEST NEWS

A vial labeled glp1 on a yellow background symbolizing medication

Medicare & Health Coverage

Wegovy, Zepbound, and Foundayo drop to $50 a month under Medicare’s GLP-1 Bridge starting July 1 — but the copay won’t count toward the new $2,100 Part D out-of-pocket cap

Handsome senior tourist man exploring the city of Bangkok, Thailandia

Fees, Scams & Rip-Offs

12,400 Americans 60 and older lost more than $100,000 each to online scammers last year — the FBI says any caller demanding gift cards, crypto, or a wire transfer is the scam

Medium shot senior man typing on keyboard

Estate & Legacy Planning

Anyone 70½ or older can route $111,000 of their IRA straight to charity in 2026 — the gift counts toward the year’s required minimum distribution and never hits taxable income

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