Social Security

Signed into law in 1935, the U.S. Social Security program was designed at one time to be a key provider of income for...READ MORE
Signed into law in 1935, the U.S. Social Security program was designed at one time to be a key provider of income for Americans who reached retirement age. However, with an aging population, increasing lifespans and the failure of many private pension systems, Social Security is a growing part of the federal budget, accounting for a significant slice of federal spending. Even with the tremendous outlay into the fund, Social Security is not enough to fully fund retirement – the average Social Security retirement benefit is just over $1,231. That does not cover the typical monthly expenses for many American households. In addition, the government in 2016 ended the popular file-and-suspend rule that allowed many Americans to boost their Social Security payments by several hundred dollars a month. Today, deciding when to stop working and when to begin accepting Social Security benefits requires a comprehensive financial plan that takes into account other types of retirement accounts.

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Can Expats Get Social Security?

If you are planning to retire abroad, here's what to know about receiving Social Security benefits.

Minimize Taxes on Retirement Income

Look for strategies to lower your tax liability during your retirement years.

Effects of Raising the Retirement Age

When it comes to Social Security, will raising the retirement age help or hurt American seniors?

Tips for Retirees in a Shutdown

A looming government shutdown may be scary, but as a retiree you can control your own finances to stay afloat.

Early Retirement and Social Security

Learn how your Social Security benefits could be reduced if you retire early.

When to Pay Taxes on Social Security

Here's how to find out if you'll pay tax on your Social Security benefits.

What is Good Monthly Retirement Income?

Here’s a look at average retirement incomes and how much people spend during their golden years.

Older Citizens are More Likely to Vote

In the U.S., senior voters turn out to protect benefits and participate in their communities.

The Max Social Security Benefit in 2024

Social Security benefits increased by 3.2% in 2024. Here's what that means for benefit maximums.