However, the latest report by the Social Security Trustees makes it abundantly clear that benefit cuts may soon be on the ...

Social Security is a financial backbone for millions of retirees in the United States. Beyond understanding how your initial benefits are calculated, the decision of when to claim these benefits has a ...

(NEXSTAR) — There have been several changes to government benefit payments already this year, including increased checks for some and clawbacks for outstanding overpayments for others. In about two ...

Question: I’m 62 and worried about Social Security’s future, especially given that it is projected to pay me less than I ...

Many retirees are caught off guard when they discover that their Social Security benefits may be subject to federal income taxes. Understanding how the IRS calculates taxable portions based on your ...

Retirees may see an approximate 77% increase to their Social Security benefits by waiting from age 62 to age 70 to claim ...

After a certain age, holders of retirement accounts such as Individual Retirement Accounts (IRAs) are required to start making mandatory withdrawals, known as Required Minimum Distributions (RMDs).

You’re not prohibited from working if you collect Social Security retirement benefits, but these rules can apply depending on ...

Starting in August, the Social Security Administration (SSA) will claw back overpayments, potentially reducing recipients’ ...

The perceived net worth required for financial comfort was $329,000 for Gen Z respondents, while millennials put it at $847,000, members of Gen X said $783,000 and baby boomers said $943,000.

If benefits are reduced, it would require $138,000 in additional savings to generate the same income, PensionBee found.

"In the area of reducing benefits, Social Security has always been a system that's been kind of tilted towards the lower wage earner" said Tammy Flanagan ...