Social Security Benefits

Social Security is far from perfect, and the biggest issue of all just might be that Social Security benefits aren't keeping up with inflation, as initially intended.

If you're older and eligible for Social Security, you may decide to rely on those benefits to help you get through the current crisis. But be sure to think the following moves through before moving forward with them.

As a result of the average wage index, seniors who turn 60 in 2020 will be in line for a much lower benefit during retirement than those who turned 60 just a year ago. That is, unless lawmakers intervene.

It's been reported that Social Security won't bring in enough money to sustain its current payout level. What would this actually look like for the typical retired worker?

Many people's retirement savings took a hit back in March when the stock market tanked, and while it has largely recovered, we don't know what the rest of the year has in store.

While delaying Social Security may not be ideal, it could help a lot of people overcome the financial setbacks the pandemic may have caused them.

Whether you're nearing retirement or still have several years left in your career, there are a few ways the recession could affect your senior years.

Whether you can't wait to eliminate work stress from your life or you never want to leave your post at the office, it's important to look past your job satisfaction when determining a time for your retirement.

While it may seem odd to give up getting monthly checks for years, there are actually a few really great reasons why you might want to delay the start of your benefits as long as possible.

Why aren't COLAs doing a very good job of making sure retirement benefits retain their value? Here's a look into why the value of these earned benefits continue to fall and how the buying power of Social Security benefits has eroded.

It's wise to start thinking about how COVID-19 could change your Social Security strategy.

Social Security benefits can be a lifeline in retirement, particularly if your savings aren't as robust as you thought they would be.

If you're currently 60, or are turning 60 in 2020, you may need to brace for smaller Social Security benefits than you'd expect.

Seventy is generally considered the latest logical age to file for Social Security, and it's also a smart age to sign up if your goal is to score the highest possible monthly benefit.

With the likelihood of a second wave, you'll need to consider when to begin claiming Social Security benefits.

Once you've decided to start claiming, consider these three things to make sure it's the right time to file.

When starting Social Security, review these three questions to ensure your understanding of how your benefits are calculated and how your decisions affect the size of your checks.

Many senior citizens rely on Social Security as a source of income during retirement, but here's why you shouldn't make the mistake of thinking those benefits alone will be enough to get you through your golden years.

If the pandemic has caused you to contemplate claiming Social Security, you're probably not alone. Here are a few things you must know before you sign up.

Many seniors depend heavily on Social Security in the absence of outside income, and it's these seniors who invariably await a generous cost-of-living adjustment (COLA) each year in the hopes of seeing their financial picture improve.