President Donald Trump has tapped businessman Frank Bisignano as the Social Security Commissioner. What could that mean for you?
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%.
Jessica Melton was overpaid $12,000 by the SSA and has been struggling to make the payments back ever since she found out.
The cost-of-living adjustment (COLA) applied to Social Security payments in any given year is based on CPI-W inflation from the third quarter of the previous year. In that sense, COLAs are a reimbursement mechanism to compensate retirees for the buying power benefits lost in the previous year.
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
Just after midnight on the very last day of the 2024 Senate session, the Social Security Fairness Act was passed.
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,
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.
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.
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.
With the 2025 Social Security COLA now in effect, the maximum possible benefit for retirees has increased. In this video, Certified Financial Planner® Matt Frankel discusses what the maximum benefit is, and the three things you would need to do in order to get it.