Social Security increase: What’s the smallest cost-of-living adjustment Social Security ever paid?
Based on inflation, the latest projections for Social Security’s 2025 cost-of-living adjustment, or COLA, is in the area of 2.6%, or about $45 per month for the average beneficiary.
Social Security: 3 Strategies for Married Couples to Maximize Benefits
But if both you and your spouse are each eligible for a monthly Social Security benefit based on your individual work histories, you have a prime opportunity to maximize your retirement income. Here are three filing strategies you can look at.
Should you wait to claim Social Security benefits?
Larger monthly payouts: The longer you wait to collect benefits, the larger your monthly checks may be. "A 70-year-old claiming Social Security this year can collect a maximum of $4,873 a month, while a 67-year-old can collect a maximum of $3,822 — an annual difference of about $12,600," said The Wall Street Journal.
Factors impacting social security benefits at 62
Explore insights into the various factors affecting social security benefits when claimed at age 62, to make an informed retirement planning decision.
Could Claiming Social Security Early Increase Your Lifetime Benefit?
Claiming Social Security early gives you more checks, but each one is smaller. This move costs most people thousands of dollars over their lifetimes. However, there are some who make out better by claiming early.
Social Security: 8 Ways To Forfeit Or Reduce Your Benefits
Some Americans to receive rare second Social Security payment in May
Social Security recipients will receive two checks this month, but it doesn't mean retirees are receiving extra money – it's ...
Who's Ready for a Massive Increase to Your Annual Social Security COLA? This Change Might Do the Trick.
To calculate your annual Social Security COLA, SSA determines the percentage increase of the average CPI-W for the third ...
Americans to Get Additional Social Security Payment in May
Some Social Security (SSI) recipients will get a rare second payment next month.
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Social Security Administration warns of QR code scams
QR code scams targeted at Social Security beneficiaries are on the rise. The SSA is warning consumers to be vigilant. Here's ...
What Will the 2025 Social Security COLA Be? Here's What Recent Data Tells Us.
While it's too early to know for sure what the 2025 COLA might be, here's a look at how the Social Security Administration ...
Social Security Matters
I want to apply for Social Security, but I want to make sure I get all the benefits I have earned. I am a veteran with a 10% ...
Some Americans will receive rare second payment from Social Security this month
A quirk of the calendar, however, means there are times when recipients receive two checks in the same month, something that ...
Senator Tuberville Slams Social Security For Being A 'Scam' — 'We Don't Have Any Of Your Money. We're Dead Broke' Says Government 'Wasted It'
The Senator raised concerns about the long-term sustainability of Social Security, particularly for younger generations who ...