The repeal of two provisions will boost Social Security payments for certain beneficiaries, and will include back payments. Here's what we know so far.
Specifically, you lose 5/9 of 1% of your PIA per month for up to 36 months when claiming early, then 5/12 of 1% for every month thereafter. That means signing up for Social Security at 62 can reduce your checks by up to 30%.
Retirees who stop working at the Full Retirement Age, currently set at 67, can receive a maximum benefit of $4,018 per month. If benefits are claimed at the earliest possible age of 62, that maximum payment drops to $2,831.
February’s Supplemental Security Income payment, worth up to $967, will go out to millions of beneficiaries in 10 days. The next SSI payments are scheduled to be distributed on Jan. 31. SSI payments are given to people living with debilitating disabilities that affect their income, according to the Social Security Administration.
The city’s Social Security Administration Office is temporarily closing due to renovations and causing significant disruptions for Hudson Valley seniors, U.S. Rep. Pat Ryan
With the 2025 Social Security COLA now in effect, the maximum possible benefit for retirees has increased. In this video, Certified Financial Planner® Matt Frankel discusses what the maximum benefit is, and the three things you would need to do in order to get it.
Roughly 1 in 4 retirees have no savings, according to a recent Clever survey. There are several reasons for this, including living paycheck to paycheck and having to pay for unplanned expenses. There's a popular Social Security misconception that refuses to die,
Just after midnight on the very last day of the 2024 Senate session, the Social Security Fairness Act was passed.
Undocumented workers often pay taxes that help fund programs like Social Security — even if they can’t collect from them in the future.
Asian equities were higher, except for Hong Kong and Mainland China, which were off following President Trump’s 10% tariff threat, which prompted profit-taking after six days of gains.
Proposed legislation aims to increase Social Security benefits for adults with intellectual or developmental disabilities by eliminating the "marriage penalty."