The solutions are clear to keeping retirement funds solvent. But don’t expect action from our leaders.

The looming threat of a Social Security deficit has sparked a search for solutions to prevent benefit cuts by 2035. With the trust fund projected to deplete by 2034, experts are exploring strategies ...

If you're not yet retired, increasing your savings even slightly can help reduce your dependence on Social Security. Investing $200 per month at an 8% average annual return can amount to close to ...

The Social Security Administration estimates that reducing the annual COLA by 0.5% could eliminate about 29% of the program's funding shortfall while slashing it by 1% would eliminate about 56% of ...

The longer Congress waits to act, the more severe the consequences to shore up Social Security’s finances will be. Analysts ...

The Social Security trust fund will become unable to pay scheduled benefits to retirees and the disabled as soon as 2034, new ...

Older Americans are worried about when to claim Social Security. Financial advisors need to have much different conversations ...

Another potential solution is raising the wage cap subject to Social Security taxes. Currently set at $176,100, income above this threshold is not taxed for Social Security.

Social Security is a cornerstone of financial stability for millions of Americans, providing crucial benefits to retirees, disabled individuals, and survivors of deceased workers. However, the ...

Most Americans approaching retirement age are probably aware that Social Security will lose a major funding source in a decade or so. That source, the Old Age and Survivors Insurance (OASI) Trust ...

Social Security can't go broke because it gets the bulk of its revenue from payroll taxes. So, as long as people continue to hold down jobs and pay into the program, it can continue to get funded.