If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.

A growing number of retirees have been paying federal tax on their benefits. A new $6,000 per person senior deduction reduce taxes for some seniors, but doesn’t change the way Social Security is taxed ...

The average retiree collects $851 more per month at age 70 than at 62.

You could increase your benefits by waiting until 67 or later to claim Social Security. Regardless of your benefit at age 65, it's probably not going to be enough to enjoy a comfortable retirement.

If you haven't yet, at what age do you think you'll retire? Most people say the magic number is 65. The actual average retirement age for people living in the United States, however, is a modestly ...

The average monthly Social Security retirement benefit for 65-year-olds was recently $1,611, or only around $19,000 for the year. There are ways to beef up your benefits before you retire. One ...