Social Security also goes through changes every year, and some of them can have a meaningful effect on your retirement income. Even if you're not yet retired, it's good to learn about what kinds of things change with Social Security,
If you haven't reached full retirement age, you can sign up for a reduced Social Security benefit as long as you're at least 62 years old. But that reduction will generally remain in place for the rest of your life, so you'll need to think about how that could impact your long-term finances.
What's the most popular age to file for Social Security retirement benefits? It's 62 -- by far. Many Americans are ready to retire as early as possible after working for decades. I understand the sentiment.
The Social Security Fairness Act eliminates two provisions, the WEP and the GPO, that have been penalizing a sizable portion of the workforce for more than four decades.
Former Louisiana Congressman Garret Graves' Social Security Fairness Act repeals WEP and GPO penalties for millions of government retirees.
The Senior Citizens League (TSCL), a nonpartisan senior group, recently released their monthly COLA estimate, predicting that it would moderate to 2.1% in 2026.
As an American taxpayer, you’ve likely heard about Social Security your entire working life, and perhaps even bemoaned the amount of taxes that are subtracted from your paycheck. However ...
For early retirees, using an annuity is one way to bridge the years between leaving the workforce and claiming Social Security. It can help protect your retirement savings while giving you a steady “paycheck replacement” until you can reap a bigger Social Security check.
The big problem with Trump's proposal to eliminate Social Security's income taxes on benefits is that those taxes are one of just three critical funding sources for the program. The other two are the payroll taxes that workers pay and the interest income on the program's trust funds.
Social Security beneficiaries may face taxes if they have additional income sources or due to the COLA increase. Here's how to determine if you're affected.
Social Security’s cost-of-living adjustment is expected to shrink in 2026 and could be the lowest increase seen in a decade.