In 2024, the life expectancy for someone born in 1959 was 74 for men and 80.1 for women, according to a Social Security report. The report predicts continuing increases in life expectancy, which translates into even more years that beneficiaries will receive Social Security checks.

If you were planning to retire next year, double check your math because a law passed in the '80s is annually raising the age when Americans can

The best way to see how much your Social Security benefit would be at age 69 is to log in to your account at www.ssa.gov (or create one if you haven't yet) and view your latest Social Security statement. Here you'll find an estimate for various ages based on your actual work record.

The full retirement age (FRA), the age at which retirees can claim their Social Security benefits, has been gradually increasing and will increase again in 2025. This year, those born in 1959 will reach their FRA at 66 years and 10 months, two months later than those born in 1958. For those born in 1960 or later, the FRA will rise to 67.

Social Security recipients in the United States will see a significant increase in their monthly benefits due to the Cost of Living Adjustment (COLA). This change is a response to ongoing inflation and aims to provide better financial support for retirees.

The Social Security Administration (SSA) can reduce retirement benefits if you claim early or earn too much income while collecting benefits before your full retirement age. Find Out: 8

The federal government taxes the Social Security benefits of some retirees if their provisional income exceeds thresholds for their marital status.

Amidst ongoing economic uncertainty and a volatile presidential election, you may be concerned that another period of skyrocketing inflation would erode your Social Security benefits. But don’t fret too much.

Carl Carlson, founder and CEO of Carlson Financial, visited Eye on NE Kansas to take a closer look a changes for Social Security.