The Social Security Fairness Act of 2024 promises significant financial relief for nearly 3 million retired public service ...

Investopedia spoke with Isabel Barrow at Edelman Financial Engines to discuss the changes the new Social Security Fairness Law will bring and the impact it could have on retirees.

The program's total costs became higher than its total income in 2021, but its costs have been higher than the trust funds' non-interest income since 2010. This means the program is currently ...

The repeal of two provisions will boost Social Security payments for certain beneficiaries, and will include back payments.

Kathryn McCall, a CFP and financial adviser with CAPTRUST, highlights how individuals previously affected due to shifting from private to public sector roles will now receive fair compensation without ...

The Congressional Budget Office (CBO) estimates the repeal will cost taxpayers $196 billion over the next decade, plus an ...

The Social Security Fairness Act, which was sponsored with bipartisan support, passed through Congress at the end of December, with a 76-20 vote in the Senate. The law has received mixed responses ...

The act also eliminates the Government Pension Offset, which could reduce spousal benefits if you get retirement or disability income from government-based work that doesn't require you to pay Social ...

In her spare time, she's in her kitchen, trying a new baking recipe. Social Security beneficiaries need their benefit statement from the IRS to file a return. This document also helps you figure ...

According to a formula outlined in the Social Security Act, COLAs are based on increases in the CPI-W. Specifically, a COLA is equal to the percentage increase in the CPI-W from the average for ...