During the time you're not receiving benefits, your checks will grow by 8% per year. If your FRA is 67 and you wait until 70 ...

It may be more than you think.

Filing for Social Security at 62 will result in a large reduction in your benefits. If you want to make the most of that money, it may be worth taking the hit if you can afford it. We’re bullish on ...

Financial guru Dave Ramsey thinks it could make sense to file for benefits then. The problem is that filing at 62 reduces your benefits, and many retirees can’t afford that. Follow 24/7 Wall St. on ...

The problem with the “basic math” behind delaying Social Security is that it often overlooks longevity risk.

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 ...

From time to time, we get a listener question on our Sunday morning show on WCCO that opens the door to a much larger financial planning conversation. This is one of those questions: “I’m 62. I ...

As physicians approach retirement and contemplate a stage of life when they will not be earning a paycheck, they typically ...

If Social Security’s trust funds were fully depleted, the result would be a roughly 20% across-the-board cut in benefits.

If you were born in 1960 or later, your full retirement age for Social Security is now 67. That might not sound like breaking news, but the way this rule interacts with the 2.5% COLA adjustment for ...