Social Security Benefits

When it comes to retiring, there is no one-size-fits-all answer. There are two major financial factors to consider: how much you'll get from Social Security and how much you have in your nest egg.

It pays to get as much money out of Social Security as you can, and these moves can help you do just that.

Those taxes will eventually need to be repaid, the agency explained in a statement.

Here's a basic primer on how to figure out how much retirement will cost you.

Filing for Social Security early is often associated with taking a long-term financial hit. But that's not always the case.

While you are allowed to work and collect Social Security simultaneously, that's a route you may not want to take.

Social Security is also a program that's in flux, and roughly 165 million Americans are going to see something happen in 2021 that hasn't happened since before they were born.

The last thing you want to do is slash your Social Security income and struggle in retirement because of it. Take care to avoid these mistakes to ensure that you get as much money from Social Security as you're entitled to.

When it comes to growing wealth for retirement, the greatest weapon we have at our disposal is time. And the best way to take advantage of that investment growth is to give ourselves as many years to save as possible.

Many seniors look to Social Security as a reliable income source. But those benefits may be reduced in the not-so-distant future.

The CBO said in a new report the Social Security fund could plunge from $2.8 trillion to $533 billion in 2030

Here are three points about the Social Security program that may leave you disappointed.

If your monthly checks are going to make up a substantial chunk of your retirement income, it's smart to make the most of them. Look out for these common mistakes that could potentially shrink your Social Security benefits.

It allows employers to offer their workers a temporary deferral of the 6.2% payroll tax employees pay into the Social Security Trust Fund for the rest of this year

Will President Trump kill Social Security's funding source?

Trump has indicated that he wants to pursue a sweeping elimination of the tax next year.

Statistically speaking, a majority of seniors would be better served by waiting until age 70 to begin taking their Social Security retirement benefit. But this doesn't hold true for everyone.

A new study shows that 21% of Americans have not yet started saving for their senior years. Here's why you stand a better chance of accumulating enough of a balance to avoid financial struggles later in life if you start making modest contributions today.

Biden's economic plans could provide a select group of seniors up to a 5% increase in their benefits. Here's how it would work. 

It pays to file for benefits at 70 for one big reason: It's the easiest guaranteed way to boost your retirement income.