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.
President Donald Trump's mass deportation plans could have a significant economic side effect: draining Social Security funding.
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
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.
Bhad Bhabie reveals on Instagram she underwent a nose job amid her cancer battle. The 21-year-old rapper posted several photos of her plastic surgery results, which show bruising around her nose. Bhad Bhabie also defended her decision to get the cosmetic procedure while she's battling cancer.
The start of a new year usually means changes to Social Security, and this year is no different. The changes to Social Security retirement benefits and changes that affect workers still paying into the program often get the most attention,
If you're eligible to suspend your benefits, you aren't required to pay anything back, as benefits are just on pause instead of canceled completely. Another benefit is you don't have to submit a form to suspend your benefits -- you can just call the SSA and they can take care of the rest for you.
According to a recent Social Security COLA survey by The Motley Fool that asked 2,000 retirees about the COLA, 81% of retirees say that the 2025 COLA will not help them keep up with their essential living expenses. And it isn't hard to see why.
In 2025, the average Social Security benefit for a retired worker at age 65 is approximately $1,545 per month, representing 86.7% of the full retirement benefit, which averages aro