A big concern surrounding retirement is wondering how much money you'll receive once you apply for Social Security benefits. Knowing how much you'll be bringing in will allow you to comfortably make adjustments in order to plan for your future.

Social Security spousal benefits depend on the claim age of the spouse and the primary insurance amount (PIA) of the retired worker on whose record they claim benefits. The term PIA references the benefit a retired worker will receive if they start Social Security at full retirement age (FRA), which is age 67 for anyone born in 1960 or later.

1. Retirement or Spouse’s Benefits: You must be at least 61 years and 9 months and want your benefits to start in no more than 4 months. Apply at www.ssa.gov/retirement. 2. Disability Benefits: You can use our online application at www.ssa.gov/disability to apply for disability benefits if you:

For his last term in office former President Joe Biden sign a new social security measure to ehance benefits for millions of Americans.

One of the biggest Social Security decisions you'll have to make is when to sign up for benefits. Many choose to apply as soon as they're eligible, so they can get the most checks. But this isn't always the wisest move.

Ken and Rick discuss the pros and cons of retiring early and how this can affect social security benefits and taxes.

The fact that seniors are allowed to decide when to claim Social Security is both a blessing and a curse. The flexibility allows them to file their claims based on their financial needs and life circumstances.

Social Security is a cornerstone of retirement income for many Americans, yet the amount you receive isn't set in stone. Understanding how to optimize your benefits can significantly impact your financial future.