Jul 16, 2021 · Every year, by law, Social Security recipients are eligible for a cost-of-living adjustment (COLA). The increase in benefits is designed to help beneficiaries keep up with …

Sep 12, 2024 · 5 Social Security Decisions That Can Be Costly. Social Security can make up a big portion of your retirement income. Maximizing your benefits starts with making the best …

Nov 18, 2019 · Deirdre van Dyk is an AARP associate editor covering Social Security, caregiving, technology and fraud. She previously worked at USA Today and Time, where she covered …

Sep 12, 2022 · Social Security does not allow what it calls “retroactivity” if you claim benefits before then. If you are at full retirement age , which varies according to the year you were born …

Oct 10, 2018 · Social Security recalculates your benefit annually, adjusting for inflation and figuring in the previous year’s income. If your previous year’s income ranks in your top 35 …

Oct 10, 2018 · The third is also the monthly pay date for these groups of Social Security beneficiaries: Those who live abroad. Those enrolled in Medicare Savings Programs, which …

Oct 10, 2018 · Social Security uses your lifetime average for monthly income, as calculated from your 35 highest-earning years and adjusted to reflect historical wage trends, as the basis for …

In December 2024, Congress repealed the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), ending policies that for more than four decades reduced …

Jan 10, 2025 · Social Security redeems the securities to pay benefits. This borrowing fuels the notion that the government is raiding or even stealing from Social Security and leaving it with …

Jan 24, 2025 · In 2023, income taxes on benefits added $50.7 billion to the Social Security trust funds, accounting for about 3.8 percent of Social Security’s revenue — the vast majority of …