Going Back to Work in Retirement? It Could Slash Your Social Security by $239 per Month Starting in 2025.
Retirement can be incredibly expensive, and it’s not uncommon for older adults to continue working in some capacity later in life. In fact, a whopping 75% of workers expect to work for pay in retirement, according to a 2024 report from the Employee Benefit Research Institute. However, working while collecting Social Security can affect your […]
This Extremely Common Social Security Mistake Could Cost You $4,560 Per Year
If you’re going to be relying on Social Security to any extent in retirement, it pays to understand as much as possible about how the program works. That’s often easier said than done, as Social Security can be incredibly complex and confusing at times. However, if there’s one factor to fully grasp, it’s your full […]
Here’s How to Tell If You Qualify for Social Security Spousal Benefits
Social Security is best known for providing monthly income to retirees based on their earnings over the course of their working lives, but there’s more to the program than that. One important aspect of it that married (and divorced) couples ought to know about is its spousal benefit, which can provide retirement income to both […]
The Little-Known Reason Why Working After Claiming Social Security Could Increase Your Benefits
True or false: Once you begin receiving Social Security retirement benefits, they’ll never be higher. This statement is false, as many retirees already know. Social Security calculates a cost-of-living adjustment (COLA) each year. These adjustments boost everyone’s benefits. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 […]
8 Words From President-Elect Donald Trump That Can Change Social Security Forever
In November, close to 52 million retired-worker beneficiaries took home an average Social Security check of $1,925.46. While this isn’t a boatload of money, it’s proved to be a vital source of income for our nation’s aging workforce. In each of the last 23 years, national pollster Gallup has completed a survey that questions how […]
2.8 Million Americans Could Receive Expanded Social Security Benefits in 2025. Here’s How
Social Security’s 2025 cost-of-living adjustment (COLA) bumped the average benefit from $1,927 per month to $1,976 per month. It’s a $49 increase, but many hoped for more. Despite slowing inflation, some retirees still find it difficult to make ends meet, particularly when they don’t have a lot of personal savings. A new bill headed for […]
