You may be planning to receive Social Security benefits when you reach your retirement age or become eligible, but you may not know that you can lose some of all of your benefits for a variety of reasons -- some of which could be out of your control. Benefits through...

Four Ways You Can Lose Your Social Security Benefits

The Secure Act and Secure 2.0 Act updated rules around RMDs. The IRS finalized its regulations for enforcing those rules, answering key questions for retirees and inherited IRA owners. Not knowing the rules could end being up very costly. These regulations answer some key questions about the newest RMD rules.

The IRS Just Updated the Required Minimum Distribution (RMD) Rules. 3 Things Everyone Needs to Know.

GOBankingRates

Nearly 65 million Americans rely on Social Security benefits to pay the bills and enhance their lifestyles in retirement. Factors like when they claim their benefit, the percentage of their income...

I’m a Bank Teller: 4 Mistakes Social Security Recipients Make

Starting next month, changes will be noticeable in the monthly benefit distribution schedule for Social Security beneficiaries, especially those dependent on Supplemental Security Income (SSI). These adjustments mean recipients may receive payments earlier or later than they typically expect. As a result, it’s vital that all SSI beneficiaries adapt their budgeting strategies to accommodate these changes.

Adjustments to social security payment schedule incoming

The September SSI payments will be distributed on Sept. 1. They are given to people living with debilitating disabilities that affect their income, according to the Social Security Administration. Applicants who file individually can receive up to $943 per month, couples filing jointly can receive up to $1,415, and essential...

Social Security update: September direct payment worth $943 goes out in two days

Tennessee State

Each year, more than 8,000 people are convicted for unlawful possession of a firearm under 18 U.S.C. § 922(g). About 90% of those cases arose from gun possession by a felon. Firearm prosecutions are reportedly “the third most common federal offense.” Such prosecutions are even more common in some districts, including the Middle District of Tennessee where over 42% of cases involve § 922(g). Section 922(g) is the law that prohibits felons, and certain other groups, from possessing firearms. The Sixth Circuit has now taken a big step in defining the constitutionality of the law, holding that a person only loses his Second Amendment rights under § 922(g) by committing a crime that involves danger to others or the community.

The Second Amendment Permits The Disarming of “Dangerous” Felons

The Motley Fool

Planning ahead for this major expense before claiming Social Security could save you thousands.

If I Could Tell All Retirees 1 Thing About Social Security, I'd Say to Do This Before You Claim Benefits

Business Insider

A large cohort of adults in their mid-50s is unprepared for retirement and may need to rely on family for housing and other needs later in life.

Meet the 'silver squatters': Adults in their mid-50s who are woefully unprepared for retirement

The best part of retiring is spending your time and money how you want to. Whether that includes traveling the world or playing a couple extra rounds of golf each month, you have flexibility during...

I’m a Retired Boomer: Here Are 6 Things I No Longer Buy Because They’re a Waste of Money

Some major changes are on the way for Medicare beneficiaries regarding drug costs. Due to the Inflation Reduction Act, the federal government now will have the ability to negotiate the prices of drugs for Medicare beneficiaries. After an initial set of negotiations, new lower prices have been announced for 10 expensive drugs. The discounts for some blood thinners and drugs for arthritis, cancer, diabetes, and heart failure result in costs as much as 79% lower. The new drug prices will go into effect starting in 2026. Just these 10 drugs make up about 20% of the program’s drug spending, so the impact is huge for the medicinal market. The federal government will turn to negotiating another batch of drugs in 2025, with 15-20 drugs targeted annually.

Major Changes Coming for Medicare Drug Program: Negotiated Prices, Cap on Out of Pocket and Creditable Coverage

On August 21, the CFPB entered into a consent order with a nonbank mortgage servicer for mortgage servicing violations and for violating an earlier 2017 CFPB consent order for deficient foreclosure practices. In 2017, the CFPB took action against the servicer for violations of the Real Estate Settlement Procedures Act...

CFPB Hits Executive Compensation in Action Against National Mortgage Servicer for Illegal Foreclosure Practices

Minnesota State

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Savannah, GA

The Current GA

The Harris-Walz campaign opened its Savannah-area bus tour Wednesday with political pundits across the nation pondering weighty issues of whether the events showed Georgia to be either a red or blue state.

Harris, Walz make barbecue stop in Sandfly

According to FinanceBuzz, Retirement is often seen as the reward for decades of hard work, and Social Security benefits can play a significant role in supporting you during your golden years. The full retirement age for Social Security in the U.S. is either 66 or 67, depending on your birth year, which allows you to claim 100% of your benefits. However, if you’re considering retiring early, here’s what you need to know about the impact of claiming Social Security at age 65 versus waiting.

Social Security Benefits at Age 65 vs. 67: What You Need to Know

Whether you're collecting benefits now or not, it's time to prepare.

Prediction: These 3 Changes Are Coming to Social Security in 2025

Houston, TX

The US Court of Appeals for the Fifth Circuit, in dismissing a trademark infringement matter under Rule 12(b)(6) for failure to state a claim, ruled that a district court “erroneously assumed the veracity” of the defendants’ assertions over the “well-pleaded factual allegations” in the plaintiff’s complaint. Molzan v. Bellagreen Holdings, LLC, Case No. 23-20492 (5th Cir. Aug. 12, 2024) (Davis, Southwick, Duncan, JJ.)

Well-Pleaded Factual Allegations Must Be Taken as True When Considering Motion to Dismiss

Kiplinger

You have to earn a certain amount of money for a certain amount of time in order to be eligible to collect Social Security benefits.

What Are Social Security Credits, and How Do They Work?

When an irrevocable trust no longer makes sense, you're not stuck with it. You can modernize it, but you must follow the rules and consider the consequences.

Can You Change an Irrevocable Trust? Yes, But Be Careful

When you turn on the Social Security benefit spigot can have a big effect on your future financial security.

90% of Americans May Be Making a Big Social Security Mistake

On August 19, 2024, the US Department of Health and Human Services Office for Civil Rights (OCR) filed a notice of appeal of the US District Court for the Northern District of Texas’s June 20, 2024, decision in American Hospital Association (AHA), et al. v. Xavier Becerra, et al. The district court held that OCR exceeded its authority in certain respects in a bulletin (the Bulletin) concerning HIPAA’s application to cookies and other online tracking technologies on HIPAA-regulated entities’ unauthenticated webpages (i.e., webpages that are publicly available and do not require users to log in before they are able to access the webpage). OCR last updated the live, online version of the Bulletin on June 26, 2024, to state that OCR “is evaluating its next steps in light of [the Northern District of Texas’s] order.” For more information about the decision, see our On the Subject.

OCR Files Notice of Appeal in Online Tracking Technologies Case

The idea of a larger monthly benefit is nice. But I think filing earlier might be a better choice for me.

I Used to Think I'd Claim Social Security at 70. Here's Why I Now Think That's a Mistake.

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Don’t Let the Power Go Sour - Pitfalls of Powers of Appointment

Powers of appointment are among the most versatile tools in estate planning. They are often underutilized due to a lack of understanding of their benefits and...

Don’t Let the Power Go Sour - Pitfalls of Powers of Appointment

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