February’s Supplemental Security Income payment, worth up to $967, will go out to millions of beneficiaries in nine days. The next SSI payments are scheduled to be distributed on Jan. 31. SSI payments are given to people living with debilitating disabilities that affect their income, according to the Social Security Administration.

Every year, the Social Security Administration, or SSA, examines inflation data and adjusts Social Security benefits accordingly. In short, the annual cost-of-living adjustment, or COLA, is designed to help retirees keep up with the rising cost of goods and services.

Retirees who stop working at the Full Retirement Age, currently set at 67, can receive a maximum benefit of $4,018 per month. If benefits are claimed at the earliest possible age of 62, that maximum payment drops to $2,831.

President Donald Trump declared on Truth Social, "SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!" That might sound like a blessing for retirees on fixed incomes -- who happen to

President Donald Trump's mass deportation plans could have a significant economic side effect: draining Social Security funding.

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.

The Social Security Administration (SSA) approval process is relatively speedy, but as it is a government program with a huge number of applicants, you can expect to wait three to five months ...

All federal and state courts will be closed for the day as well. While the United States Postal Services stops its services on Martin Luther King Jr. Day, FedEx will remain open and deliver packages as regularly scheduled.

The Social Security taxable wage base increased from $168,600 in 2024 to $176,100 in 2025. This is the amount of your annual income subject to Social Security payroll taxes if you're working. The tax rate is currently 12.4%, but if you're traditionally employed, you only pay half of that while your employer covers the other half.

President Joe Biden recently signed the Social Security Fairness Act, which eliminated the Government Pension Offset and Windfall Elimination Provision rules. Biden touted the bill as a way

Migrants paid more than $25 billion toward Social Security in 2022 although they can’t collect retirement benefits.

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