The start of a new year usually means changes to Social Security, and this year is no different. The changes to Social ...

All Social Security benefits, including spousal benefits, have gone up thanks to the cost-of-living adjustment (COLA). Full retirement age (FRA) has been rising for years, and a new cohort ...

Raising the Social Security retirement age to 69 has the support of some politicians. Here's how it would affect your benefits if it happens.

The "full retirement ... as early as age 62, but you’ll receive about 30% less, and that reduction will stay in place for life. The Social Security Administration has an online calculator ...

You can, however, choose to claim as early as 62. If you do so, however, you'll be penalized. Each month before your FRA incurs a penalty of 5/9 of 1% (for the first 36 months prior to turning 67) and ...

For the last 85 years, Social Security has been providing ... But this isn't the only potential penalty for early filers. The retirement earnings test allows the SSA to withhold some or all ...

In 2025, the United States will see significant adjustments to Social Security, impacting cost of living adjustments, retirement age, and benefits. Understanding these changes is crucial for those ...

When you collect Social Security, you're entitled to a standard benefit. This amount is called your primary insurance amount ...

If you’re turning 62 this year, you become eligible for Social Security retirement benefits ... You’ll hit with an early filing penalty for each month you file early, with the penalties ...

If you claim Social Security early (before ages ... Once you turn your full retirement age, the penalty stops. You can estimate your potential penalty using a calculator on the Social Security ...

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. Vikki Velasquez is a researcher and writer who has ...

The hard part is deciding when to apply for your Social Security retirement ... months of early claiming for month 37 and beyond When you claim at 62, you incur the maximum penalty of 25% if ...