It not only marks an important step as you transition away from living on earned income -- it also involves irreversible decisions regarding your Social Security benefits. The chart explained ...

Importantly, RET amounts generally increase each year to account for changes in national wage levels. The trustee estimate ...

While a $100,000 salary might mean Social Security only replaces 33% of your income, the dollar amount of that benefit is still higher than it would be if you made $60,000 or $70,000.

The chart shows Social Security earnings and Indexed Earnings for Jane. The two vertical lines bracket her 35 highest Indexed Earnings years (1980 to 2014). Average Indexed Earnings are ...

According to data from the Social Security Administration (SSA), the average monthly payment at age 70 is $2,148.12, the highest on the age-based benefits chart.However, for those aged 71, the ...

The COLA is also applied to how much of a contributor’s income is liable for Social Security taxes. Although the 12.4 percent tax on workers’ earnings is still in place, the maximum work ...

It's likely to supply a hefty chunk of your retirement income, so it's worth knowing all about it -- and, importantly, how to maximize those benefits. ... The most important Social Security chart.

Social Security can go a long way in retirement, and for some older adults, benefits are their source of income later in life. However, there are many misunderstandings about how the program works ...