A higher or lower cost of living could affect how far your checks go. Some states have their own Social Security benefit taxes. The Social Security Administration won't deliver benefits to a handful ...

Freedom Debt Relief reports that severance pay is taxable as ordinary income, affecting your tax bracket and obligations.

As of January 2025, the average Social Security retirement benefit is about $2,006.69 per month. The maximum benefit depends on when the recipient retires: up to $2,831 per month if they claim at age ...