Statistics Say: This Is the Best Age to Claim Social Security
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 5/12 of 1% (for the next 24 months). All told, you could lose as much as 30% of your intended PIA.
Social Security's Retirement Age Just Changed: Here's Who's Impacted
The retirement age refers to when seniors are able to receive monthly benefits for the full amount of money they are entitled to.
Social Security's retirement age increases today. Here's what to know
In 2024, the life expectancy for someone born in 1959 was 74 for men and 80.1 for women, according to a Social Security report. The report predicts continuing increases in life expectancy, which translates into even more years that beneficiaries will receive Social Security checks.
This Is the Average Social Security Benefit for Age 69
The best way to see how much your Social Security benefit would be at age 69 is to log in to your account at www.ssa.gov (or create one if you haven't yet) and view your latest Social Security statement. Here you'll find an estimate for various ages based on your actual work record.
The biggest Social Security changes taking effect in 2025
As we step into 2025, you may be setting financial goals. While you're at it, you should also keep tabs on the Social Security changes this year.
Here are five changes affecting Social Security recipients in 2025
Social Security recipients are getting a cost-of-living adjustment, starting this month, but that’s not the only change to the nation’s retirement system.
Who Is Affected By The Social Security Fairness Act And What To Do Next
Over 2 million Social Security beneficiaries had their retirement incomes reduced because of two programs. Here's how the Social Security Fairness Act addresses that.
How is Social Security tax collected?
Navigating the complexities of Social Security taxation can be daunting, especially when your income surpasses certain thresholds. Understanding how your benefits are taxed is crucial for effective financial planning.
The Best Social Security Calculators You Can Use for Free
One thing soon-to-be retirees need to start looking at carefully is where they fall in terms of Social Security benefits. Whether you start taking withdrawals at 62, 67, or 70, it’s important to understand what impact Social Security withdrawals will have on your income level while retired.
New free guide to filing for Social Security benefits now available
Are you counting on Social Security as an important source of income in retirement? You're not alone. Nine out of 10 Americans age 65 and older are currently receiving some form of Social Security. And Gallup polling finds 58% of retired Americans consider Social Security to be a "major source" of their retirement income.
Their Social Security benefits were slashed. Now they’re getting hundreds — maybe thousands — of dollars back under new law Biden just signed.
Retired public workers will get check adjustments and retro pay under the recently signed Social Security Fairness Act.
Planning Your Retirement? New Changes To Social Security In 2025 Could Affect You
The full retirement age (FRA), the age at which retirees can claim their Social Security benefits, has been gradually ...
This 1 move could shrink your Social Security check by up to 30%
You can maximize your benefits if you wait to claim Social Security until your full retirement age or older. However, ...
Second round of January Social Security payments goes out in six days
The second round of January’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age ...
KLTN3d
As retirement age goes up, Lincoln financial expert says you can’t count on Social Security
Many people think of 65 as retirement age. But for people born in 1960 or later, you'll now have to wait until 67.
What Donald Trump’s Presidency Could Mean For Social Security
KEY TAKEAWAYS Throughout his campaign, Donald Trump has pledged to protect retirement age and not cut Medicare or Social ...
Veteran advisor shares a key to maximizing Social Security income
One of the most critical decisions is when to start receiving Social Security benefits. Social Security is a primary source ...
Social Security and Medicare Funding: Is the Sky Falling?
Social Security and Medicare are slowly running out of money, but what does that mean for the retirees counting on them?