Social Security benefits are determined based on individual work history, lifetime earnings, and claiming age. All else being equal, retirees will get the smallest possible benefit at age 62 and the ...

A record number of Americans are turning 65 each year through 2027. However, that’s not quite old enough to receive full Social Security benefits. In 1983, Congress passed a law gradually raising the ...

Full retirement age is one of the most important  Social Security rules that every current and future retiree should know.

When planning for retirement, it's a good idea to think about how much money you'll need, and also how much you'll realistically be able to save. While it can be hard to know what your retirement fund ...

For many Americans, Social Security is the cornerstone of retirement income. Nearly 90% of people over age 65 receive benefits from the program, according to the latest data from the Social Security ...

A significant tax change for older adult taxpayers this year comes in the form of a new benefit known as the “senior bonus deduction.” Tucked into President Donald Trump’s 2025 tax bill, this ...

A 2022 study found that few retirees will maximize their lifetime benefits by claiming Social Security before age 66, and most should delay until age 70. The average monthly Social Security benefit ...

You could increase your benefits by waiting until 67 or later to claim Social Security. Regardless of your benefit at age 65, it's probably not going to be enough to enjoy a comfortable retirement.

When to claim Social Security is a hard decision for many retired workers. Eligibility starts at age 62, but there is a trade-off between claiming right away and delaying. Specifically, the earlier ...

If you haven't yet, at what age do you think you'll retire? Most people say the magic number is 65. The actual average retirement age for people living in the United States, however, is a modestly ...