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%.
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.
President Donald Trump's mass deportation plans could have a significant economic side effect: draining Social Security funding.
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
Roughly 1 in 4 retirees have no savings, according to a recent Clever survey. There are several reasons for this, including living paycheck to paycheck and having to pay for unplanned expenses. There's a popular Social Security misconception that refuses to die,
Just after midnight on the very last day of the 2024 Senate session, the Social Security Fairness Act was passed.
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.
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,
Asian equities were higher, except for Hong Kong and Mainland China, which were off following President Trump’s 10% tariff threat, which prompted profit-taking after six days of gains.
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.
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.