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You've decided that 2025 is the year you're finally going to claim Social Security. The government bases your Social Security benefits on your income during your working years and your age at sign-up.
Turning 62 is a big milestone. For many, it marks the end of a decades-long career. It also signals eligibility for Social Security benefits, a primary source of income for a lot of retirees.
Applying for Social Security benefits can actually be a relatively simple process. But if you want to get your benefits at a specific time, you’ll have to plan ahead, since the lead time can be ...
Image source: Getty Images. 1. The cost-of-living adjustment. Seniors get a bump in their Social Security benefit every year called the cost-of-living adjustment ().The 2025 COLA of 2.5% was ...
A Social Security number is one of the most essential pieces of personal documentation, used for employment eligibility verification, your personal tax file, credit card and loan applications and...
Substantial gainful activity is a term used in the United States by the Social Security Administration (SSA). Being incapable of substantial gainful employment is one of the criteria for eligibility for Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) benefits.
Applying for your Social Security benefits is easy. The tricky thing is figuring out when to do so in order to maximize the amount of money you'll receive from the program throughout your retirement.
As you approach retirement and consider applying for Social Security benefits, there are several steps you will need to take. The preparations for your Social Security application include ...
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