The decline of pensions as a source of retirement income leaves newly minted retirees in a precarious position: They are potentially more dependent on Social Security to make ends meet.  New research from an employee benefit nonprofit seems to provide a stark illustration of that trend.

Spousal benefits are worth up to one-half of what your partner qualifies for at their FRA. You can claim these benefits early, but you lose 25/36th of 1% per month for up to 36 months and five-twelfths of 1% per month thereafter. There's also no delayed retirement credit for applying for spousal benefits after your FRA.

If you’re like most seniors, you’ll rely on  Social Security to provide a good portion of your income once you retire. But, it can be hard to figure out exactly what role Social Security will play in supporting you if you don’t know how much money you’ll get from the benefits program.

Millions of retirees in the United States rely on Social Security payments to cover essential expenses. Every month, the Social Security Administration (SSA) follows a strict schedule to distribute these payments,

Understanding the timing and strategies for Social Security payments can significantly impact your financial well-being. Learn how to navigate the system to ensure you receive the maximum benefits possible.