Social Security is an earned benefit. You become eligible by paying the payroll tax during your working years, and the amount you get is geared to your wage history - with a glaring exception.

Social Security has a big birthday coming up next year -- it's turning 90! It's kept many millions of people out of poverty for decades and was recently supporting more than 71 million people with around $1.5 trillion in benefits for the year.

If you were planning to retire next year, double check your math because a law passed in the ’80s is annually raising the age when Americans can collect their full Social Security benefits. And next year is no exception.

The Senate voted early Saturday morning to repeal two laws that prevent many public employees from receiving Social Security, a move that is expected to weigh on the overall solvency of the Social Security system.

But those who claimed at 62 receive far less. Their average monthly benefit in 2023 was just $1,298.26. Factoring in the 2024 COLA brings it to $1,339.80. And the 2.5% COLA for 2025 will make it about $1,373.30.

The Senate on Saturday passed the Social Security Fairness Act, a bill that would repeal provisions that reduce benefits for some retired federal workers who also get other benefits.

The age at which full retirement benefits can be received rises next year, as experts warn those preparing to retire not to be caught out.

If you wait to claim spousal benefits until your full retirement age, you can receive up to half the amount of your spouse's benefit.

Some retirees come up with creative ways to supplement their Social Security when they can’t rely on retirement accounts or pensions. Eldonna Edwards, a retired former certified massage therapist and author based in California,

Understanding the nuances of Social Security benefits can significantly impact your financial stability during retirement. With varying benefits based on the age you choose to retire, it's crucial to weigh your options carefully.