How to Get the Most out of Your Social Security BenefitsSloan, Allan
If you're approaching retirement, now's a good time to learn how to maximize your Social Security benefits. Some little-known strategies could boost your household’s benefits, whether you live alone or still have minor children at home. Here are six ways to get the most out of your retir...
Thanks to Social Security benefits, some teachers are in better shape for their retirement years than they would be otherwise. For teachers who receive the average Social Security benefit when they reach 65 –$1,503a month in 2020 – it's another$200,000toward retirement, writes Alan Sloan i...
If you're going to be relying on your benefits in retirement, it's wise to make sure you're collecting as much as possible. And there's one way you can boost your benefit amount by nearly $500 per month.
For beneficiaries whose sole income is Social Security, expenses can be more than two times the average benefits check. Advisers and advocates suggest those beneficiaries ensure they are signed up for all benefits they qualify for to provide extra support. ...
Social Security benefits are primarily retirement payments, but when someone in your family passes away, you might be entitled to survivors benefits.
Trump has proposed eliminating income taxes on Social Security benefits, but his plan would actuallyworsen the program's financial outlookbecause those taxes currently directly fund benefits. Without those taxes, Social Security would be forced to cut benefits a year earlier than currently forecast, ex...
Also note that retirement benefits don't increase after age 70, so that's the latest age at which individuals should wait to claim their benefits. To make the best decision when to take Social Security benefits, you need a clear understanding of the benefits you would get under three scenari...
"If you think that yourSocial Securitynumber has been compromised, you have to be extra vigilant to do things like check your credit report, check the various accounts you have for unusual activity and check the mail for accounts you never opened," Grant says. "What you can con...
What is the Social Security cost-of-living adjustment for 2025? At what age can you get all of your Social Security benefits? How is Social Security funded? Will Social Security run out? Subscribe to the CNBC Select Newsletter! Money matters — so make the most of it. Get expert tips, ...