The reason most retirees can't collect the maximum Social Security benefit is that their earnings aren't high enough to snag it. To get that payday, your earnings need to meet or exceed the Social Security wage cap for 35 years. And while that cap is adjusted annually, it currently sits at $176,100.

A combination of staff cuts, office closures, and outdated systems could lead to significant frustration for Social Security recipients and future benefits.

Navigating the complexities of Social Security benefits is crucial for a smooth transition into retirement. Proper planning ensures you avoid financial pitfalls and maintain a steady income stream.

Claiming Social Security as soon as you turn 62 will net you the greatest number of checks over your lifetime. If you claim benefits for 20 years, that's 240 monthly payments, and some people get even more.

T he Social Security Administration (SSA) has announced a 2.5% Cost-of-Living Adjustment (COLA) for 2025, resulting in an average monthly benefit increase of around $50 for millio

Key Points Your Social Security filing age will determine what monthly benefit you get. Before claiming benefits, consider your job situation and savings level. Also take your health into account. Over 4 Million