The difference in claiming early versus waiting is magnified when you qualify for the maximum possible benefit.

You need to understand the Social Security benefits formula so you can claim benefits at the right time. Your standard benefit is based on Average Indexed Monthly Earnings (AIME). You can shrink ...

Did you know that, in most cases, you must start taking required minimum distributions (RMDs) from your retirement accounts each year once you reach age 73? IRS rules require that you take withdrawals ...

For his last term in office former President Joe Biden sign a new social security measure to ehance benefits for millions of ...

You can see that those in their early 60s are collecting relatively less, and that's because when you first claim your benefits matters a lot. Those claiming early will get smaller checks (but more of ...

You must be at least 61 years and 9 months, and want your benefits to start in no more than 4 months. Apply at ...

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

Maximizing your Social Security benefit is extremely beneficial to your retirement, and the amount that you receive is not based on your salary alone. In fact, the size of your benefit check ...

The good news is that your Social Security benefits aren't set in stone, even if you've already started collecting your monthly check. There are multiple ways you could give your benefits a boost.