The Social Security formula for the year 2024 -- which applies to anyone born in 1962 -- is as follows: Multiply the first $1,174 of your AIME by 90%. Multiply any amount between $1,174 and $7,078 ...

A: You and your friends are all wrong. Social Security retirement benefits are based on the highest 35 years of earnings.

The cost-of-living adjustment, commonly referred to as COLA, has been a long-standing element of Social Security benefits, ...

The SSA releases a report called the Monthly Statistical Snapshot, which includes information about how much money the ...

The way inflation trends in July will help determine what raise Social Security beneficiaries get in 2026. If you're someone ...

Before 1985, Social Security benefits were not subject to federal taxes. Beneficiaries received their full amount without deductions. However, this changed, and now, for retirees with higher ...

Social Security Cost of Living Adjustments, or COLAs, are a lifeline for seniors. Without them, Social Security benefits ...