Retirees are often thought to be living on fixed incomes, but most of them are collecting Social Security benefits, and those benefits are not exactly fixed -- because they're increased nearly every year via cost of living adjustments (COLAs). It's important to understand what COLAs do -- and how they can affect your retirement.

Numerous changes being made at federal government agencies after President Donald Trump signed an executive order for the newly created Department of Government Efficiency (DOGE) to "implement the president's agenda by modernizing federal technology and software to maximize governmental efficiency."

Benefit cuts are off the table for now in upcoming budget negotiations, experts say. But the agency may continue to struggle with customer service woes.

During his presidential campaign, Donald Trump promised to end federal taxation of Social Security retirement benefits.

Elon Musk has said that Social Security benefits could increase as the Department of Government Efficiency (DOGE) continues its investigations into the Social Security Administration (SSA).