Money, Wealth & Power—A Daily Look at the Financial World
A retiree who thought they had cracked the code for a comfortable income stream is discovering how quickly the tax code can turn on them. After building a portfolio that now throws off $40,000 in annual dividends, they are watching up to 85% of their Social Security benefits become taxable, shrinking the very safety net…
Federal officials are scrambling to contain the fallout from a massive Social Security data exposure that has thrust millions of Americans into the crosshairs of identity thieves. A whistleblower has alleged that more than 300 m Social Security records were placed at risk, potentially affecting virtually every working-age and retired person who depends on federal…
By the time 2030 arrives, the collision of aging demographics, fragile markets and strained public programs could reshape retirement in ways today’s savers are not ready for. A growing chorus of economists and market commentators is warning that the next few years may bring a sharp break from the era of easy gains and abundant…
Retirement is supposed to be the moment when paychecks finally give way to predictable income streams and carefully built portfolios. Yet the financial shocks do not stop just because work does, and the stakes for getting them wrong can be higher when there is no salary to fall back on. An emergency fund is still…
Social Security is not about to vanish, but the checks that retirees and disabled workers count on are under real pressure. Economists are increasingly clear that the program is structurally sound yet still on track for automatic cuts if lawmakers do nothing. That tension, between “no bankruptcy” and very real risk to monthly benefits, is…
Social Security is quietly rolling out a structural overhaul that will change how millions of Americans interact with the agency, just as new benefit rules take effect in 2026. A leaner, more centralized workforce, fewer in‑person visits and a heavier reliance on digital tools could mean faster processing for some people and longer waits or…
Social Security is hurtling toward a funding cliff that would translate into roughly a $460 monthly cut per retiree if Congress fails to act in time. That kind of reduction would hit the typical household budget as hard as losing a car payment, a grocery run, or a prescription plan overnight. The warning is no…
For the tens of millions of Americans who rely on Social Security, knowing the exact day money lands in the bank is not a detail, it is the backbone of the monthly budget. February 2026 is especially important because it is one of the first checks to reflect the new cost-of-living increase and it is…
As of 2026, only eight states still tax Social Security benefits, and the rules in each can significantly change what retirees actually keep. I will walk through those eight states, explain how much they may take from you, and highlight key thresholds that determine whether your Social Security is taxed at all. 1) Colorado Colorado…
President Donald Trump is selling a simple promise to older Americans: that 88% of retirees will no longer owe federal income tax on their Social Security benefits. The pitch sounds like a sweeping, permanent tax cut for almost everyone living on a monthly check. The reality is a narrower, temporary deduction with fine print that…