Because of relatively high inflation, older Americans should hold off on retiring if they can, a policy expert warned this week. After an 8.7 percent Social Security cost of living adjustment (COLA) was implemented starting this year, some have said that it may not be enough to combat the effects of inflation. “For one in…
Social Security Expert Says Americans Should ‘Consider Delaying’ Retirement
How Much Retirement Income Can I Make Without Paying Taxes?
Paying taxes was something you did most of your life. Now that you are getting closer to retirement, you dream of a time when taxes are no longer something you have to pay. Besides, you want to keep as much of your retirement savings and Social Security in your pocket as you can. Although it…
Capitol Report: China Lies to the World About ‘Weather Balloon’; Rep. Jim Jordan Hearing on Weaponization of DOJ
February 9, 2023
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New details emerge on the Chinese surveillance balloon. What was it capable of as it hovered over the United States? And what do senators say after being briefed by White House officials? In Florida, President Joe Biden is bashing what he calls a GOP plan to cut Social Security. But Sen. Rick Scott (R-Fla.) calls…
Biden Travels to Tampa, Florida, to Discuss Social Security and Medicare
U.S. President Joe Biden travels to Tampa, Florida, to discuss his plan to protect and strengthen Social Security and Medicare and lower health care costs at 1:45 p.m. ET on Feb. 9. The Epoch Times will livestream the event. …
Republicans Move to Guarantee Social Security and Medicare Benefits
House Republicans have introduced legislation to guarantee Social Security and Medicare benefit payments will continue even if the U.S. debt limit is reached, and to state that Social Security should be preserved for generations to come. Both bills were introduced on Feb. 8 and come amid a dispute with President Joe Biden over his characterization…
How Retirement Benefits Are Figured
After doing this column for so many years (more than a quarter century now), I’ve learned there are two kinds of potential Social Security beneficiaries. The vast majority are those who just want a general idea of how their benefits will be figured. But there are more than a few people out there who want…
First Social Security Direct SSI Payments of the Year Worth Up to $914 to Arrive on Wednesday
February 1, 2023
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The first Supplemental Security Income (SSI) direct payments of the year are set to be paid out on Feb. 1, with qualifying recipients expecting checks of up to $914. The SSI payments, which are meant to provide income support to people aged 65 and older, blind or disabled adults, and blind or disabled children, normally go…
Message to Homemakers: Building Up Your Own Social Security Might Not Be Worth It
I will occasionally get questions, almost always from women who spent much of their adult life as homemakers and are now approaching their senior years, who tell me that they plan to get a job to start building up their own Social Security. My usual message to them is that it’s probably not worth it….
Speaker McCarthy: Cuts to Social Security, Medicare Are ‘Off the Table’
House Speaker Kevin McCarthy (R-Calif.) on Sunday confirmed that the GOP will not attempt to pass legislation cutting spending to Medicare and Social Security following warnings from other prominent Republican leaders. In an interview with CBS News’s “Face the Nation,” McCarthy was asked about whether Republicans will float cuts to the two programs amid negotiations over…
Reaching the US Debt Ceiling Could Affect Social Security Benefits
January 26, 2023
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On Jan. 19, 2023, the U.S. government again reached its debt ceiling. Congress sets the limit, and once reached, no more debt can be incurred without paying on the national debt. Disagreements have left Congress trying to figure out how to proceed. Many are afraid that it will affect Social Security and Medicare payments. In…
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