The Social Security Administration (SSA) has recently announced possible adjustments to its retirement age requirements, which could significantly impact Social Security benefits. Knowing these potential changes and preparing your financial budget accordingly is crucial. Rachel Greszler, Senior Research Fellow at the Roe Institute, has proposed raising the full retirement age (FRA) to 70. If her … Read more
There is an unknown approach that could help retirees raise their monthly Social Security check by more than 24% over three years. On average, retired workers receive $1,900 in monthly benefits, totaling $22,980 annually. Some retirees can utilize this payout to cover a portion of their living expenses, but most people will struggle to enjoy … Read more
There are many misconceptions about Social Security, and one of the most common is that everyone receives the same monthly benefit. This couldn’t be further from the truth. Your monthly retirement benefit depends on several factors, many of which you can influence. If you want to maximize your Social Security benefits, consider the following three … Read more