Ascentxmedia | E+ | Getty Images Many people claim Social Security retirement benefits at the earliest possible claiming age of 62. But that decision prompts their monthly benefits to be reduced for the rest of their lives. Working with a financial advisor should help encourage prospective beneficiaries to understand the value of delaying their benefit … Read more
Eclipse_images | E+ | Getty Images Many near retirees expect Social Security to be their largest source of income when they stop working. Yet, those who are on the brink of their so-called golden years fall short when it comes to knowledge about the program’s rules and what they can personally expect, according to a … Read more
Tanya Constantine | Getty Images Once you start Social Security retirement benefits, you are generally guaranteed to receive monthly checks for life. But that will stop once you die — with some exceptions for your loved ones. A one-time lump-sum death payment of $255 may be available, provided your survivors meet certain requirements. For example, … Read more
