The Social Security Administration (SSA) employs a progressive formula to calculate your monthly benefits, known as the Primary Insurance Amount (PIA). This formula is based on your Average Indexed ...

Though signing up for Social Security at 70 will put more money in your pocket each month, you're also missing out on many ...

Kailey Hagen, CFP, is a contributing Motley Fool retirement analyst covering Social Security, Medicare, and retirement planning. Before The Motley Fool, Kailey was a research analyst for Reviews.com ...

I recently shared insights on how Social Security payments are calculated, aiming to help readers grasp the process and better plan for retirement. In this piece, I detail the four-step process used ...

Millions of Social Security beneficiaries could potentially increase their annual payments by up to $1,500 through strategic ...

Because the increase is based on inflation, existing benefit amounts, and lifetime earnings, what that increase looks like ...

In addition to the COLA, the wage base limit subject to Social Security taxes will rise to $174,000 in 2025, up from $168,600 ...