Undocumented workers often pay taxes that help fund programs like Social Security — even if they can’t collect from them in the future.
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.
Social Security can go a long way in retirement, and if you're married, you could be entitled to extra cash each month in the form of spousal benefits. The average spouse of a retired worker collects around $909 per month in benefits,
Here are three significant Social Security changes for 2025. One of the best things about Social Security is that it has a built-in inflation-protection feature, via nearly annual cost-of-living adjustments (COLAs). The increase for 2025, effective in December 2024, was just 2.5% -- not far from average, but well below some recent COLAs.
This long-term cash shortfall has been growing for decades and reached $23.2 trillion in 2024 -- but it isn't the most immediate concern. The 2024 Trustees Report also estimates t
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.
When Donald Trump takes over in the White House from Monday, January 20, he must fix Social Security before the program, which services 67 million Americans across the United State
The Social Security Fairness Act (SSFA), which was recently signed into law by President Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income from
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.
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.
Massachusetts teachers and other public sector employees who qualify for Social Security benefits through covered work will receive a higher benefit once the new rules go into effect.