As retirees worry about tax surprises, these filing resources can help

As retirees worry about tax surprises, these filing resources can help

Allison Michael Orenstein | Getty Images As tax season kicks off, seniors may face new questions this year. A record 5.9% Social Security adjustment to the cost of living last year likely boosted their incomes. Meanwhile, other income, such as required minimum distributions, other retirement account withdrawals, or part-time or full-time work can make depositing … Read more

Why it pays to wait to apply for Social Security retirement benefits

Why it pays to wait to apply for Social Security retirement benefits

Moyo studio | E+ | Getty Images The first Social Security check was issued 83 years ago. The check, for $22.54, went to retired legal secretary Ida May Fuller of Ludlow, Vermont. Today, in 2023, the average retirement benefit is $1,827 per month, according to the Social Security Administration. The maximum Social Security benefit for … Read more