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.

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 average person collecting a retired worker benefit from Social Security receives $1,905.31 a month, according to the 2024 Social Security Statistical Supplement. However, the

A bipartisan bill called the Social Security Fairness Act has the approval necessary to reverse two provisions lowering benefits.

Right now, a lot of older Americans have Medicare on the brain because we’re in the midst of the program’s fall open enrollment period. But one misconception about open enrollment is that it’s when you’re supposed to sign up for Medicare coverage.