Social Security

If these factors apply to you, you may want to file for benefits in the new year.

Social Security is often the largest source of income in retirement, and nearly 90% of retirees depend on benefits to some degree.

In 1956 women were given the ability to collect a reduced benefit at age 62 and men got this option as well in 1961. In ...

Conversely, delaying benefits until age 70 can increase your benefit amount. Benefits are calculated based on your earnings history, which includes wages and ...

More Americans expect to get their Social Security benefits when they retire – in three prior readings, non-retirees were more inclined to predict they ...

But lurking beneath this discussion is the annual adjustment in how much wage and self-employment income is subject to the 6.2% FICA tax (12.4% for those self ...

1. Benefits are climbing · 2. Workers can earn more before running into the earnings test · 3. More income is subject to Social Security taxes · 4. Eligibility ...

Everybody makes mistakes, but government accountants seem particularly error prone. With 70 million Americans receiving Social Security payments annually, ...

Letter: If millionaires paid on their whole income — and received much greater benefits at retirement — the solvency of the program will be increased.

“Given the magnitude of Social Security's impact on so many Americans,” Allaria added, “the odds of benefits taking a 23% cut across the board are very low. However, the longer we wait to address this obvious issue, the more difficult it will be to fill ...

Half of Americans expect the Social Security system to pay them a benefit when they retire, while 47% do not, according to a recent Gallup poll.

Earlier this year, SSA Inspector General Gail Ennis sent a memo to Acting SSA Commissioner Dr. Kilolo Kijakazi warning that “criminals will use AI to make ...

If these factors apply to you, you may want to file for benefits in the new year.

The answer is no, retirement income such as pension payments, annuity income or investment returns, does not count as earnings for Social Security purposes.

Full retirement age depends on what year a person is born. If born in 1937 or earlier, that age is 65. For those born between 1943-1954, it is 66, and between ...

Social Security benefits replace about 40% of pre-retirement income for the average worker, but the exact amount depends on several variables.