Security Archives - DR News - News, Retirement, Finance

Tragic Loss: Thirteen Security Guards Found Dead in Peru as Violence Erupts Over Gold Mining Control

PATAZ, Peru — The brutal killings of 13 security guards, abducted from a prominent gold mine, have underscored the escalating violence linked to illegal mining in Peru. The grim discovery of the guards’ bodies, after a week of captivity, has shocked the nation and raised urgent questions about the effectiveness of security measures in the region. The guards, employed by R&R Security, had been tasked with reducing illegal mining activities near La Poderosa’s operations when …

Generous Social Security Benefits Await Those Willing to Delay Filing Until 70

New York, USA – Planning for retirement can be a daunting task, especially when it comes to deciding when to claim Social Security benefits. While there is no set retirement age in the U.S., individuals have the flexibility to choose when to start receiving their benefits, with the potential for higher monthly payments if they delay their filing until age 70. One of the key benefits of waiting until age 70 to claim Social Security …

Retirees Must Meet Two Requirements for April 10th Social Security Payment

New York, NY – Social Security beneficiaries in the United States eagerly anticipate the arrival of their upcoming payments this April. Among the various checks issued by the Social Security Administration, two main types are notable: the Supplemental Security Income and the retirement benefits payment destined for specific groups of recipients. The highly anticipated retirement check, set to be distributed on April 10th, comes with eligibility criteria that not all beneficiaries will meet. This payment, …

Retirees Uncertain About Tax Implications of Social Security Benefits

Boston, MA – With over 52 million Americans aged 65 and older currently receiving retirement benefits from the Social Security Administration (SSA), it is essential to understand how these payments may be taxed. As tax season approaches, many retirees may be unsure about their tax obligations regarding their Social Security benefits. Retirement benefits from the SSA serve as a vital source of federal financial support for senior citizens who have paid into the system throughout …

Social Security Trust Fund Exhaustion Looms: Congressional Report Urges Immediate Action amid Financial Threats

Washington, DC – A report for Congress suggests that immediate changes in income increases and benefit reductions could help strengthen Social Security’s financial outlook. The report warns that waiting until the trust fund is depleted in about 10 years would necessitate more drastic measures to sustain the program. The report, from the Congressional Research Service, addresses the imminent depletion of the fund that has accumulated over decades, leading to a projected scenario where the program …

Payment Predicament: Social Security Beneficiary Seeks Help with $22,000 Overpayment Situation

San Francisco, CA – A Social Security beneficiary in San Francisco sought advice on Facebook regarding a challenging overpayment situation. Discovering that the Social Security Administration claimed they owed a significant payment back can often be a distressing experience for individuals. One recipient of Supplemental Security Income revealed that they were informed of owing $22,000 in overpayments. This individual expressed frustration, stating that despite submitting updated information within the last eight to nine years, the …

Social Security Taxes To Be Completely Axed in West Virginia: Governor Jim Justice Proposes Historic Reform

Charleston, West Virginia – In a surprising move, Republican Governor Jim Justice has unveiled a bold plan to completely eliminate Social Security taxes in West Virginia. This proposal, announced during his final State of the State Address on Wednesday, January 10, aims to wipe out all taxes that can be applied to Social Security, following a series of tax rate reductions on state-funded income. The governor emphasized his commitment to tax cuts, stating that the …

Disability Benefits Payment Schedule for April Released by Social Security

New York, NY – Disabled individuals receiving Social Security benefits in the United States should be vigilant about checking their bank accounts, as April monthly payments have already been disbursed by the Social Security Administration (SSA). Those eligible for the Social Security Disability Insurance (SSDI) program saw their payments arrive on April 10th, according to the SSA’s predetermined schedule. The SSA has a structured payment system, with five rounds scheduled each month to ensure timely …

Social Security at Risk for Gen X as Lawmakers Fail to Act, San Antonio Express-News Reports

San Antonio, Texas – Generation X faces the looming risk of losing out on Social Security benefits if policymakers fail to take action, potentially leaving them in a dire financial situation. Without interventions from baby boomers in positions of power in Washington, D.C., Gen Xers may find themselves at a significant disadvantage when it comes to retirement funds. Born roughly between the mid-1960s and early 1980s, Gen X is in a precarious position due to …

Retirees Set to Receive Up to $4,873 in First April Social Security Payment

San Francisco, California – Social Security beneficiaries are eagerly anticipating the first round of payments for April, set to start on Wednesday. This month, retirees who were born on or before the 10th of their birth month will receive their checks first, with those born later in the month set to receive payments later in April. The amount retirees receive from Social Security depends on various factors, such as the age at which they retired …