Thursday, April 3, 2025

Retirement: The grim reality of President Donald Trump's Social Security plan

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Retirement

Thu Apr 3 2025

The grim reality of President Donald Trump's Social Security plan

Donald Trump signing paperwork at a desk in the Oval Office.

What's popular and well-intentioned isn't always what's financially best for Social Security.

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Starting March 27, those who receive overpayments from the Social Security Office will be subjected to a 100% withholding until it is repaid, up from the previous 10%.

Did you get a letter about Social Security overpayments? What the change means

The Social Security Administration said it would begin sending letters about changes to overpayments. Here's what to know if you got one.

Worried person looking at laptop.

Social Security fraud Is real, but It might not be the way you think

If you want to keep as much of your money as you can, you'll need to watch out for opportunists.

A person sitting on a couch with documents spread out on a coffee table.

How outdated Social Security rules tax seniors with modest incomes

Payroll taxes aren't the only revenue stream for Social Security. The program also gets money by taxing benefits.

The average monthly Social Security benefit will increase from $1,927 to $1,976 in 2025 after the cost-of-living adjustment this year, according to the Social Security Administration.

What age can you collect Social Security and full retirement benefits?

Social Security remains a critical retirement tool for many Americans. Here's when you can look forward to receiving it.

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