Undocumented workers often pay taxes that help fund programs like Social Security — even if they can’t collect from them in the future.

Social Security can go a long way in retirement, and if you're married, you could be entitled to extra cash each month in the form of spousal benefits. The average spouse of a retired worker collects around $909 per month in benefits,

As of November 2024, the average retired worker collecting Social Security received a monthly benefit of $1,925. Your monthly benefit, however, will hinge on a variety of factors, including the age at which you decide to sign up.

The Social Security Fairness Act (SSFA), which was recently signed into law by President Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income from

One of the most important retirement planning decisions you'll make in your golden years is when to apply for Social Security. The most popular age to claim retirement benefits, by far, is 62, the first year you become eligible.

A lot of people make plans to retire and claim Social Security simultaneously. But should you? Run through the questions to find out. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.