President Donald Trump’s pause on federal grants and loans has agencies and individuals scrambling as the fallout continues.
Will the federal government freeze financial assistance or not? Who will be affected if it does? Those questions have been asked many times this week after Matthew Vaeth, the Trump administration's acting director of the Office of Management and Budget (OMB),
President Donald Trump has frozen $3 trillion in federal funds until his administration completes a full spending review. Here’s what it means.
It ends the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which reduced or eliminated the Social Security benefits of over 3.2 million people who receive a pension based on work that was not covered by Social Security (a "non-covered pension").
Learn about the key types of employer-sponsored retirement plans, tax-advantaged IRAs and Social Security benefits.
Nothing in this memo should be construed to impact Medicare or Social Security benefits,” the memo from the Office of Management and Budget reads.
The White House rescinded a pause on all Federal grants and loans, but the short-lived action shined a light on what could come in the future.
White House press secretary Karoline Leavitt said that Social Security, Medicare and food stamps would not be affected by the decision to freeze federal aid. NBC News’ Sahil Kapur reports on the Trump administration’s first White House press briefing and whether Medicaid could be among the programs affected.
An important footnote in the memo calling for a federal funding freeze exempted Social Security. The White House subsequently walked back the freeze after a federal judge issued a temporary restraining order.
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.
As the new year progresses, it's crucial to keep track of your Social Security benefits. With millions relying on these payments, understanding the schedule can help you plan better. Here's what you need to know for February.
If you’re spending some or all of your retirement living abroad, here's what you need to know about Medicare coverage, penalties and enrollment timelines.