The Social Security Administration utilizes four variables when calculating your monthly retired-worker benefit. There are well-defined advantages to initially collecting Social Security benefits at ages 62, 66, and 70. A thorough study of 20,000 retired-worker claims finds that one claiming age is superior to all others in terms of maximizing...

Here's the Average Social Security Benefit at Ages 62, 66, and 70

A few weeks after promising to eliminate taxes on tips, former President Donald Trump has unveiled a second proposal for targeted tax relief. The beneficiaries this time would be senior citizens, an influential voting bloc.

Trump wants to stop taxing Social Security benefits. Here’s what that could mean for seniors

The Motley Fool

A shakeup is coming to Social Security. See what's in store for 2025.

These 3 Social Security Changes Are Coming in January. Prepare Yourself Now.

Claiming benefits early gives you more time to enjoy them, particularly during a time when you're likely to be healthier and more active.

The No. 1 Reason to Claim Social Security at Age 62

The Social Security payment schedule is a little different for August, and the second round of checks are headed out next week -- more than a week after the first payments were sent out. We'll fill you in when you can expect to see your payment hit your bank account. If you're still waiting on your check from July, check out why it may not have arrived and what you can do about it.

August's Social Security Check Is on the Way: Here's When You'll Get It

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American Insight

Seniors may get a check as high as $4,873 from Social Security, but no retiree's payment can be bigger than that in 2024. Here's why. It’s a common misconception that high earners receive larger Social Security checks than those with more modest incomes.

Here's the most you can earn from Social Security in 2024

There's a gap between how much people believe they'll need for retirement and how much retirees actually have saved.

This Is the Average 401(k) Balance for Retirees Age 65 and Older

As new government data shows inflation subsiding, Social Security beneficiaries may expect a lower cost-of-living adjustment in 2025. The prospective Social Security COLA for 2025 could be the lowest since 2021, according to a new estimate. Even as new government inflation data shows inflation subsiding, many retirees are still struggling...

Social Security cost-of-living adjustment may be 2.6% in 2025, new estimate finds

Business Insider

Former President Donald Trump said he wants to end Social Security taxes for older adults. It could drain the fund quicker.

Trump wants to cut Social Security taxes for seniors. It's not as good as it sounds.

A "record-breaking backlog" of pending actions has led to an estimated $1.1 billion in improper beneficiary payments, according to a new report. Experts say the Social Security Administration needs more funding in its budget to properly address a "customer service crisis." The Social Security Administration faces a "record-breaking backlog" of...

'Record-breaking backlog' leads to $1.1 billion in improper Social Security payments, report finds

GOBankingRates

Managing your finances in retirement can feel like a juggling act - or maybe walking the tightrope is a more apt circus analogy. And when that Social Security check comes in - it can be hard to know...

8 Bills You Should Pay With Your Social Security Check

Indiana State

Mississippi State

If you prefer hiking the Appalachian Mountains over lounging on coastal beaches, this year's least-expensive state to retire may be a good fit for you. For the second year in a row, West Virginia is the most affordable state for retirement in the U.S., according to financial services company Bankrate's best and worst states for retirement report, which published last month.

The 10 most affordable U.S. states for retirement in 2024: Half are in the South

In 2025, Social Security retirees are most likely going to get a raise. That's because cost of living adjustments (COLAs) are built into the benefits program. They have to be; otherwise, inflation would eat away at their benefits' value and leave them worth very little. Unfortunately, while seniors will be...

Get Ready for Some Bad News About Social Security's 2025 COLA

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

I started receiving Social Security benefits early at age 62. Back then, full retirement age was 65. At what age will I not be penalized for additional income?. If you’re still working while receiving Social Security benefits, your earnings can affect the amount you receive in benefits up until your full retirement age (FRA). That age is based on when you were born, because it’s been increased over the years as life expectancy and funding for the program have changed.

Dear Penny: I Started Getting Social Security Early. When Will I Get Full Benefits?

It's simpler than you might think to make this critical decision.

Social Security: Here's Exactly How to Decide Whether to Take Benefits at 62, 67, or 70

When it comes to the taxation of Social Security benefits, there's good news and good news.

41 States That Don't Tax Social Security Benefits

Former President Donald Trump’s new proposal to eliminate taxes on Social Security benefits would shrink the lifespan of that program and Medicare, according to analyses from several think tanks, countering his campaign pledge to shield the programs from cuts. Both the nonpartisan Committee for a Responsible Federal Budget and...

Trump’s Social Security tax cut plan would jeopardize entitlements, think tanks say

The idea of a larger monthly benefit is nice. But I think filing earlier might be a better choice for me.

I Used to Think I'd Claim Social Security at 70. Here's Why I Now Think That's a Mistake.

Most Americans rank Social Security as “one of the top” issues or a “very important” issue determining who they will vote for in the upcoming U.S. presidential election, according to a new CNBC poll. Research shows that many people don’t understand how the Social Security system...

Social Security is a key issue for voters, CNBC poll finds. Take these 5 steps to maximize your benefits

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Social Security is a key issue for voters, survey finds: Here’s how to maximize benefits

Social Security is a key economic issue that is top of mind for U.S....

Social Security is a key issue for voters, survey finds: Here’s how to maximize benefits

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