If you’re like most seniors, you’ll rely on  Social Security to provide a good portion of your income once you retire. But, it can be hard to figure out exactly what role Social Security will play in supporting you if you don’t know how much money you’ll get from the benefits program.

Tens of millions of Americans rely on Social Security benefits for a substantial portion of their retirement income. Not only is Social Security a valuable source of retirement income, with the average retired worker receiving about $1,975 per month, but it is also the only inflation-protected source of income many retirees have.

The decline of pensions as a source of retirement income leaves newly minted retirees in a precarious position: They are potentially more dependent on Social Security to make ends meet.  New research from an employee benefit nonprofit seems to provide a stark illustration of that trend.

Social Security benefits play an important role in retirement income. But for retirees who may not need some or even all of their benefit, it still has value - especially if you plan to invest

The cost-of-living adjustment (COLA) for 2025 is indeed a most notable change in Social Security for 2025, but it's not an Earth-shattering one. The COLA, effective in December 2024, is just 2.5%. So if you were collecting, say, $2,000 per month, you'd now be getting $2,050.

A lot of people get excited to retire and start collecting Social Security. And why shouldn’t they be? After years of paying into the program via wages on taxes, it’s nice to get a piece of that pie.

Learn how the Social Security Fairness Act may increase your retirement benefits by eliminating the Windfall Elimination Provision and the Government Pension Offset.

For his last term in office former President Joe Biden sign a new social security measure to ehance benefits for millions of Americans.

The Social Security changes largely only affect the highest and lowest earners, meaning most average earners in Wisconsin will not be impacted.