Two Social Security rules can take a big bite out of the benefits of pensioners and their spouses, ex-spouses and survivors.

Social Security serves as a lifeline for tens of millions of seniors. Today, that number is growing. As of December 2024, the Social Security Administration (SSA) reported that about 65.5

Whether you're ready to apply or looking to learn more about applying for Social Security, we'll fill you in on the details.

During that time, Social Security retirement benefits have also experienced a change. In 2005, the average monthly Social Security benefit was $1,002, or just over $12,000 annually. To start this year, the average monthly benefit for a retired worker was $1,975.

Social Security spousal benefits depend on the claim age of the spouse and the primary insurance amount (PIA) of the retired worker on whose record they claim benefits. The term PIA references the benefit a retired worker will receive if they start Social Security at full retirement age (FRA), which is age 67 for anyone born in 1960 or later.

Your Social Security benefits can be an important part of your retirement income — but when should you start collecting them? Joining us to discuss how to carefully consider your Social Security options was Jim Lyons from Edward Jones.

Once its trust funds are emptied, Social Security may have to cut benefits. The Social Security Trustees say it could happen as early as 2035.

Millions of retirees in the United States rely on Social Security benefits to meet their basic needs. However, understanding how state taxes can impact these benefits is crucial for effective financial planning.