Retirement News, Income Strategies & Social Security Updates

Retirement News, Income Strategies & Social Security Updates

Category: Policy Changes & Legislation

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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The 2012 elections are over, but the battle for our economic security is just getting started. CEOs from some of America’s biggest and least-taxed corporations are working in secret to unleash a plan to cut our Social Security system, Medicare and Medicaid in the lame duck session of Congress. That’s why we’re teaming up with progressive champion Senator Bernie Sanders and allies from across the progressive movement to fight back and protect our Social Security, Medicare and Medicaid. On Thursday, November 15, 2012 in the Dirksen Senate Building we heard advocates, members of Congress, and people sharing personal stories on the importance of these programs.
Policy Changes & Legislation
Alexander Clark

Social Security’s main trust fund now runs dry in 2032 — a year earlier than last forecast, triggering an automatic 24% benefit cut unless Congress acts before then

Tens of millions of Americans who depend on Social Security retirement checks face a tighter deadline for congressional action. The Congressional Budget Office now projects the program’s main trust fund will run out of reserves in 2032, one year sooner than its previous estimate. If lawmakers fail to act before

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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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