As you approach retirement age, you may wonder when you should elect to receive Social Security. How much you receive is based both on your lifetime earnings and when you start receiving payments. If you wait to take Social Security
How does the Social Security system work, and how do you decide what’s right for you? Well, receiving benefits is an option available to you as early as age 62, but choosing to receive benefits this early may decrease your
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022 (up from $142,800 for 2021). Wages and self-employment income above this threshold aren’t subject to Social Security tax. Background