It's a big decision. Your claiming age affects the size of the benefit you'll receive for the rest of your life, and once you've started receiving checks, it's difficult to change your mind. However, ...

The Social Security Administration assigns you a full retirement age (FRA) based on your birth year. It's 67 for most workers ...

Claiming benefits as soon as you're eligible could leave you short on retirement income. Banking on cost-of-living adjustments could have you lagging behind inflation. Assuming you're set on income ...

American workers pay taxes into a Social Security “trust fund.” The more you earn now, the more you will reap later in retirement benefits. You can monitor your progress in a government account called ...

Despite the current government shutdown, the U.S. Bureau of Labor Statistics (BLS) will publish September's Consumer Price Index report on October 24 at 8:30 a.m., enabling the Social Security ...

Even with a U.S. government shutdown beginning on Wednesday, Oct. 1, the 74 million Americans who collect Social Security will continue receiving their monthly checks, although some services could be ...

The Committee for a Responsible Federal Budget estimates that Social Security payments will be reduced by 24% in 2032 unless the current system is reformed. A 24% reduction in benefits could result in ...

Forbes contributors publish independent expert analyses and insights. Teresa Ghilarducci Ph.D. is an Economics Professor. Today’s Social Security COLA (Cost-of-Living Adjustment) means that about 75 ...

If you're gearing up for retirement, then you're hopefully doing plenty of reading on Social Security. The reality is that those benefits are likely to play a big role in your finances once you stop ...