Key Points The start of a new year is a good time to set financial goals. If you’re getting a raise, you may want to automate larger retirement plan contributions from the start. You won’t miss the extra money if you never get used to spending it. The $23,760 Social Security bonus most retirees

Key Points If you claimed Social Security before your full retirement age, you will face early filing penalties. Those penalties are generally permanent, even though some people incorrectly believe benefits are recalculated at full retirement age. You have a few options for undoing the early filing

Key Points An increase in Medicare costs could leave you with a smaller boost to your benefits. If you’re turning 66, be careful with signing up. Understand that Social Security may be closer than ever to benefit cuts. The $23,760 Social Security bonus most retirees completely overlook › For many

Key Points It’s important to understand Social Security’s role in your retirement, and what’s happening with the program. Recognize that not everyone’s living costs drop once they stop working. Don’t assume taxes won’t be an issue for you. The $23,760 Social Security bonus most retirees completely

Key Points Workers pay Social Security tax on their income. Some workers only pay taxes on part of what they earn. In 2026, Social Security taxes are going up for certain workers. The $23,760 Social Security bonus most retirees completely overlook › Social Security benefits are funded by taxes