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.

Maximizing your Social Security benefit is extremely beneficial to your retirement, and the amount that you receive is not based on your salary alone. In fact, the size of your benefit check depends on a few factors — your age at retirement,

There are a lot of important details that go into determining the best time to claim Social Security retirement benefits. One detail that can often go overlooked is the value of spousal benefits for your household income.

Key Points While the majority of retirees collect Social Security, most people don’t understand how it works. Only one in five Americans say they understand Social Security well. Even fewer actually get important questions correct about their

All financial plans are important, but Social Security benefits play a profound role in preventing elderly poverty and are paid out at an important stage in a person's life. Find Out: 8

While the standard age to begin receiving retirement benefits is 62, there are specific exceptions that allow for earlier access.

Deciding whether to claim Social Security benefits while still working is a multifaceted decision with significant financial implications. This choice requires careful consideration of both immediate and long-term effects,