Delaying Social Security past full retirement age results in a boosted monthly benefit for life. If your full retirement age is 67, which is the case for anyone born in 1960 or later, then you have an opportunity to increase your monthly Social Security paychecks by 24% by signing up at age 70. That's an appealing thing when you're shy on savings.

Readers are concerned that his campaign proposals would put Social Security’s finances on thinner ice, endangering their payments.

Considering early retirement? It might cost you. Learn about average Social Security benefits by age in the US and how timing can affect your finances.

Your benefits may be cut in the future. In the coming years, Social Security is expected to owe more money in scheduled benefits than it collects in payroll taxes. That's becau

Though President-elect Donald Trump has often promised to protect Social Security, he has not explained exactly how he would save the beloved – but financially troubled – entitlement program. Nor did he take any meaningful steps to shore up Social Security during his first term in the White House.

A good rule of thumb to figure out your retirement savings needs is to come up with an annual income you expect to need, subtract your annual Social Security benefit, and then multiply the remaining number by 25.

The most direct and obvious effect of the new COLA is the increase in monthly benefits. If your monthly Social Security benefit is $1,000 this year, it will be $1,025 starting in January 2025. If it's $2,000 now, it'll be $2,050.