Back to Medicare now. Retirees commonly have their Medicare Part B premiums automatically taken from their Social Security benefits. For 2024, that monthly sum is $174.70. The 2025 sum isn't known at the time of this writing, but it's projected by some to rise to $185 for 2025.

Up to 50% of Social Security income is taxable for individuals with a gross income of at least $25,000 and for couples filing jointly with a combined income of at least $32,000, i

Whether you're nearing retirement age or still have years to go, preparing as much as you can now will help you make the most of Social Security later. There's one simple move that everybody, regardless of age,

The Social Security Administration (SSA) calculates your monthly retirement benefit based on the amount of income you earned. So the more you earn during your career, the higher a payday you might get down the line. That's why it pays to try to boost your earnings in 2025.

Key Takeaways - What Every 40-Year-Old Should Know About Social Security . Workers approaching retirement are often anxious to learn more about Social Security and

You might, depending on your income, but smart financial planning now can help lower or even eliminate your taxes in the future.

Waiting may lead to larger monthly payments down the road, but a little less money now might actually do me more overall long-term good.

Key Insights from 24/7 Wall St. A larger Social Security benefit takes the pressure off your savings. Think about your desired retirement lifestyle and plan for one-off expenses. Use a time-tested withdrawal rate to figure out what nest egg to aim for.