New projections warn that Social Security could face automatic benefit reductions by 2033 if lawmakers do not act. The potential cut may affect millions of retirees already struggling with rising healthcare and living costs, raising urgent questions about retirement security.
The IRS has issued formal guidance confirming that the $1,776 one-time payment distributed to U.S. service members in December 2025 is excluded from federal taxable income, affecting how millions of military taxpayers will file their 2026 returns.
New pension records show most California public retirees still live in the state, but a slowly rising number now receive payments elsewhere. The trend reflects long-term migration patterns and could influence where billions in pension dollars are spent.
