Key Points Claiming Social Security at age 62 reduces your benefit by up to 30%.The average 62-year-old claimer got $1,341.61 ...

Yet only 10% of newly awarded retirees actually started Social Security at age 70 in 2024, while more than 30% started as soon as they became eligible at age 62. Read on to see the average retired ...

The Social Security program, a financial lifeline for millions, faces an uncertain future. With demographic shifts and ...

Social Security is now projected to run out of money one year earlier than expected. Unfortunately, this isn't the only ...

As signed, the bill gives an additional $6,000 tax deduction to people aged 65 and older. These deductions come on top of existing tax deductions for Americans over 65 years old — $2,000 if married or ...

The tax deduction is not for all Social Security recipients. It would not apply to dependents, deceased workers’ survivors or disabled workers. A tax cut specifically for Social Security recipients ...

In January, 409,867 new claims were made for benefits, up from 277,490 in December 2023. ... according to a 2024 report by the Social Security Board of Trustees. ...

The full retirement age for Social Security ... " Joel Eskovitz, senior director for Social Security and savings at the AARP Public Policy Institute, told USA TODAY in December 2024.