The first round of February’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to the first group of retirees in five days.

As you get closer to retirement, one of the hardest decisions you might have to make is signing up for Social Security.

Social Security provides financial benefits to senior citizens, low-income individuals and people with disabilities. Beneficiaries receive a monthly payment on a specified schedule, and that schedule ...

You can see that those in their early 60s are collecting relatively less, and that's because when you first claim your benefits matters a lot. Those claiming early will get smaller checks (but more of ...

The Social Security Administration (SSA) is preparing to distribute another round of payments this Monday, February 3 to ...

One of the hardest decisions you might have to make as retiree, or near-retiree, is figuring out when to claim Social Security. And the reason that decision is so tough is that your filing age will ...

Learn how much the average person receives in Social Security at age 65 and explore strategies to maximize benefits and manage financial challenges.

Here’s what you need to know. The financial impact of retiring at 55. Most people qualify for Social Security after 10 years ...

Social Security retirement benefits have long been a financial lifeline for millions of retired Americans. As of November 2024, over 54.2 million Americans were receiving them, and many rely on ...

Not many retirees or would-be retirees may be aware of this, but it’s possible to receive a lump-sum payment from their Social Security benefits – under the right conditions. If you have ...

Retirees who collect reduced Social Security benefits early often need to take some IRA money to meet spending goals. These retirees could be hit by what's known as the "tax torpedo." This occurs ...

3. Spousal benefits can be reduced for early retirement Just as retired workers' Social Security benefits can be reduced for claiming before full retirement age, spousal benefits can be as well.