The Social Security Fairness Act: More Money and Back Payments for Qualifying Recipients
The repeal of two provisions will boost Social Security payments for certain beneficiaries, and will include back payments. Here's what we know so far.
Social Security Update: Payments of Up to $5,108 to Be Paid This Week
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.
Third round of January Social Security payments goes out today
The third round of January’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to the third group of retirees today. Here is all you need to know about this month’s Social Security payments, which go out in three rounds.
How to Withdraw From Social Security Benefits and Why You'd Want To
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.
I’m 63 and tried claiming Social Security early, but it was declined because I’m still working. Is that allowed?
Dear Help Me Retire, I am 63 and decided I want to go ahead and start drawing my Social Security retirement benefits. I am still working full time. I was told that I cannot receiv
Social Security February direct payment worth $967 goes out in nine days
February’s Supplemental Security Income payment, worth up to $967, will go out to millions of beneficiaries in nine days. The next SSI payments are scheduled to be distributed on Jan. 31. SSI payments are given to people living with debilitating disabilities that affect their income, according to the Social Security Administration.
Don't Claim Social Security at 62 Unless You Understand This
You can claim Social Security benefits at 62, but you won't qualify for your full benefit yet. Full retirement age for those turning 62 this year is 67. Though claiming early reduces your benefit, delaying your claim increases it.
I'm 67 With $900k in My 401(k), $200k in Cash and $2,400 Social Security Benefit. What's My Retirement Budget?
From one perspective, by age 67 your retirement budget is largely set in stone. The accumulation phase of your working life is over, and whatever set of savings and benefits that you have is… well, what you have.
First round of February Social Security payments go out in 20 days
The first round of February’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to the first group of retirees in 20 days. Here is all you need to know about this month’s Social Security payments,
I’m 62 With $2 Million. Should I Take Social Security or Wait?
Key Points from 24/7 Wall St. Age 62 is the earliest age to claim Social Security, and it results in a reduced benefit for life. If you have nice savings, an early filing won't necessarily hurt your retirement finances.
I Have $2.5 Million in a Roth IRA and Will Get a $2,500 Social Security Benefit. Can I Retire at 62?
Retiring at age 62 and filing for Social Security will reduce a person’s lifetime benefits by up to 30% compared to waiting until their full retirement age. However, a person with $2.5 million in a Roth IRA may feel more comfortable retiring at age 62,
How Much Could Trump’s Social Security Pick Impact Your Benefits? What to Expect in 2025
President Donald Trump has tapped businessman Frank Bisignano as the Social Security Commissioner. What could that mean for ...
Social Security Retirees Just Got Bad News About the 2025 Cost-of-Living Adjustment (COLA)
The cost-of-living adjustment (COLA) applied to Social Security payments in any given year is based on CPI-W inflation from ...
Are Social Security Offices Closed Today? List of Hours During Winter Storm
As a rare winter storm sweeps across the United States, many Social Security offices have temporarily closed their doors.
Daily Freeman on MSN7h
Ryan says temporary closure of Poughkeepsie Social Security office will cause hardship
The city’s Social Security Administration Office is temporarily closing due to renovations and causing significant ...
Persistence by local woman led to the passage of Social Security Fairness Act | Opinion
Just after midnight on the very last day of the 2024 Senate session, the Social Security Fairness Act was passed.
Social Security's future 'disturbing' says economist; unusual reforms needed
The recent enactment of the Social Security Fairness Act, which increased retirement benefits for 2.8 million public sector ...
Disability Scoop1h
Social Security Taking Steps To Streamline SSI
With a recent change, the Social Security Administration is making it easier to apply for Supplemental Security Income benefits.
Don’t Fall for the Suspended Social Security Number Scam
The suspended Social Security number scam usually begins with a phone call or robocall. Criminals will often spoof the Social ...