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Image source: Getty Images. There's also the option to delay your Social Security claim past full retirement age. For each year you do, up until age 70, your monthly benefits grow 8%.
Based on recent projections, Social Security faces cuts as early as 2035. A broad reduction in benefits could thrust countless seniors into poverty. Lawmakers have options for steering Social ...
The average Social Security payment changes from month to month, but in January, it’s $1,976, compared to $1,788.12 at the end of 2024. The Maximum Social Security Benefit Increases
Image source: Getty Images. 1. The cost-of-living adjustment. Seniors get a bump in their Social Security benefit every year called the cost-of-living adjustment ().The 2025 COLA of 2.5% was ...
1. The 2025 Social Security COLA. Social Security beneficiaries are getting a 2.5% cost-of-living adjustment, or COLA, starting with the payment they receive in January 2025. As of the latest data ...
Since you can start checks as young as 62, you could end up shrinking your Social Security payments by a full 30% if you begin your benefits at the earliest age of eligibility when your FRA is 67.
Image source: Getty Images. 1. Make sure your earnings record is accurate. It's a bad thing for the Social Security Administration (SSA) to have missing income for you on file.
After paying into the Social Security system for decades, you have a big decision to make when you retire: when to start receiving benefits. The age for full benefits is no longer 65. If you were ...