The first round of February’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to the first group of retirees in 16 days. Here is all you need to know about February’s Social Security payments,

One positive aspect of Social Security is that the program is set up to adapt to economic changes. Each year, for example, Social Security benefits are eligible for an automatic cost-of-living adjustment.

You may be inclined to delay your Social Security claim if you like the sound of that. But you should know that there's a risk involved that could make it a less optimal choice. Y

The Social Security Fairness Act is adding to the workload of a federal agency already short on staff, it says in urging patience.

On January 5, 2025, the Social Security Fairness Act was signed into law, marking a major reform for public sector workers, including firefighters, police officers and teachers. This law eliminates two controversial provisions – the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) — providing fairer Social Security benefits to millions.

Millions of retired Americans are set to benefit, but there are concerns the program could run out of funds sooner.

Those who applied for Social Security and were denied due to government pension offset rule or windfall elimination provision don't need to re-apply for money promised under new provisions.

Social Security benefits form the bedrock of income for millions of Americans—and those who claim Supplemental Security Income (SSI) will be paid this week. Adults and children with disabilities, or who are blind, with little to no income are eligible to receive SSI.

Social Security has two other funding sources: benefit taxes on some seniors and interest income earned on money in the program's trust funds. But both of those are in danger right now. The program's total costs became higher than its total income in 2021,

What's more, surveys have shown that Social Security checks are necessary for seniors to make ends meet. A poll from nonpartisan senior advocacy group The Senior Citizens League (TSCL) found that 67% of seniors rely on Social Security for more than half of their annual income.

The Social Security Fairness Act repeals two provisions that will give qualifying individuals more money and potential back payments. Here's what you should know.

The year you were born, how much you've worked, and the year you claim your benefits determine how much you receive, but very few will qualify for the maximum benefit.