Many people think of 65 as retirement age. But for people born in 1960 or later, you'll now have to wait until 67.

In 2024, the life expectancy for someone born in 1959 was 74 for men and 80.1 for women, according to a Social Security report. The report predicts continuing increases in life expectancy, which translates into even more years that beneficiaries will receive Social Security checks.

Millions of beneficiaries can expect enhanced Social Security benefits and new limits to Medicare prescription drug costs in 2025.

Millions of Americans will see higher Social Security checks now that the windfall elimination provision (WEP) is abolished.

Social Security benefits generally increase every year, and that's thanks to the program's annual cost of living adjustment (COLA). The COLA is meant to help retiree benefits keep pace with inflation,

The Social Security Administration (SSA) is set to begin distributing the first round of monthly benefits for the year 2025. Nearly 73 million beneficiaries, including retired workers, survivors, and recipients of Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI),