Older Americans get choices when it comes to claiming Social Security. The earliest age you can file for benefits is 62, and waiting until full retirement age means avoiding a reduction in your monthly paycheck. You can also delay Social Security past full retirement age for a larger benefit each month for life.

Ken and Rick discuss the pros and cons of retiring early and how this can affect social security benefits and taxes.

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 nine days.

A growing number of Americans are heavily reliant on Social Security to make ends meet in retirement. 60% of retirees said Social Security represents a major source of income for them, according to the most recent edition of an annual Gallup poll. While that number fluctuates, it's the second-highest reading in the poll since it started in 2002.

Another round of Social Security benefit payments will be made this week—are you one of the recipients? Social Security benefits are paid to tens of millions of Americans every month, and can contribute to a significant amount of income for those who are retired,

As February 2025 unfolds, a select group of Americans might soon find a new Social Security check in their mailbox.

On February 3, 2025, the Social Security Administration (SSA) initiates the first round of payments for the month. Discover how these payments are structured and what factors influence the amounts received.