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Social Security retirement trust fund may be depleted in 2032, new trustees report finds
The trust fund Social Security relies on to help pay retirement benefits may run out in 2032, at which point 78% of benefits will be payable, according to the Social Security Administration's annual trustees report released on Tuesday. That projected depletion date is one year sooner than had been estimated last spring. The new projected depletion date follows the enactment of President Donald Trump's "big beautiful" tax law, which Social Security's chief actuary said in an August letter...
Social Security funds could run short by 2032, program's Trustees warn
A trust fund that helps to finance Social Security benefits is expected to run out of money in less than seven years — unless Congress acts to patch the system before that.(Image credit: Kevin Dietsch)
Social Security funds could run short by 2032, program's Trustees warn
A trust fund that helps to finance Social Security benefits is expected to run out of money in less than seven years — unless Congress acts to patch the system before that.(Image credit: Kevin Dietsch)
Another dire problem for Social Security: Trustees may be calculating the birth rate wrong
Don’t expect a baby boom to save Social Security.
Trump can't rename Kennedy Center or close it for renovation for now, judge says
A judge has ruled that Donald Trump cannot rename or close the Kennedy Center for renovation at this time. This decision follows the Board of Trustees' December vote to rename the institution the "Trump Kennedy Center," which occurred ten months after Trump removed several trustees.
Rob Reiner’s son Nick seeks money from trust parents left him for his defense in their killings
Rob Reiner’s son Nick seeks money from trust parents left him for his defense in their killings Nick Reiner, son of Rob Reiner, is seeking funds from a trust his parents established - Bookmark Rob Reiner's son Nick Reiner is seeking unpaid money from a trust his parents established for him, saying he needs it to help in his defense against charges that he killed them. A petition filed by the 32-year-old Nick Reiner's civil attorneys in a Los Angeles County court on Monday says that trustees...
Social Security benefit cuts could average $500 a month for retirees if trust fund runs dry, report finds
The trust funds that Social Security relies on to help pay benefits are running low. Based on Social Security Administration estimates from August, the trust fund dedicated to retirement benefits is projected to run out in 2032, when those benefits would need to be reduced by 24%. The annual Social Security trustees report, which gauges these timelines, is expected to be released this month.
You can calculate the exact impact a reduced Social Security check will have on your retirement success
If benefits go down 22% in 2032 as predicted by the latest Trustees report, you need to know what that means for you.
The Congresswoman Who Got Trump’s Name Off the Kennedy Center
Three months ago, a 75-year-old lawmaker filed a complaint as part of an ongoing lawsuit in federal court, claiming that she had been unlawfully excluded from an upcoming board meeting that would determine the fate of the John F. Kennedy Center for the Performing Arts. It turned out that the invitation had landed in her spam folder—an admission that quickly became a political punch line, a real-life Veep episode in Washington politics. Today, the plaintiff—Representative Joyce Beatty—feels...
Eccentric TV aristocrat loses High Court battle with ex-wife over £1.2m divorce settlement
Eccentric TV aristocrat loses High Court battle with ex-wife over £1.2m divorce settlement Sir Benjamin Slade is known for going on TV in his hunt for a ‘castle-trained’ new wife - Bookmark An eccentric TV aristocrat, who once advertised for a helicopter-flying "castle-trained" spouse to bear him an heir, has lost a £1.2m High Court battle against his ex-wife. Sir Benjamin Slade, 7th Baronet of Maunsell, famously appeared on ITV's This Morning in 2018 in his hunt for a wife, stipulating that...