You may be inclined to delay your Social Security claim if you like the sound of that. But you should know that there's a risk involved that could make it a less optimal choice. Y

The first round of February’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to the first group of retirees in 16 days. Here is all you need to know about February’s Social Security payments,

One positive aspect of Social Security is that the program is set up to adapt to economic changes. Each year, for example, Social Security benefits are eligible for an automatic cost-of-living adjustment.

Social Security benefits form the bedrock of income for millions of Americans—and those who claim Supplemental Security Income (SSI) will be paid this week. Adults and children with disabilities, or who are blind, with little to no income are eligible to receive SSI.

The Social Security Fairness Act repeals two provisions that will give qualifying individuals more money and potential back payments. Here's what you should know.

The best reason to claim Social Security benefits early, such as at age 62, is this: You need the money.

Those who applied for Social Security and were denied due to government pension offset rule or windfall elimination provision don't need to re-apply for money promised under new provisions.

We carefully adjusted our living expenses so that we could be satisfied with less income compared to our working years. It also helped that we had some control over the hours we worked and that our work involved helping people. Both of these conditions helped us enjoy our semi-retirement more.

Social Security has two other funding sources: benefit taxes on some seniors and interest income earned on money in the program's trust funds. But both of those are in danger right now. The program's total costs became higher than its total income in 2021,

Millions of retired Americans are set to benefit, but there are concerns the program could run out of funds sooner.

This is intended to help seniors and other Social Security recipients keep up with inflation and is based on Consumer Price Index (CPI) data from the third quarter of 2024. While the 2.5% COLA isn't exactly news at this point,

Investopedia spoke with Isabel Barrow at Edelman Financial Engines to discuss the changes the new Social Security Fairness Law will bring and the impact it could have on retirees.