The 2018 Social Security Trustees' report was released recently, and it confirmed what we already knew -- Social Security is projected to run through its $2.9 trillion trust fund by 2034.

In May, the average Social Security check for retired workers totaled $1,836.06, which works out to a little over $22,000 per year. While that may not sound like a lot, Social Security income is ...

These are some of the key tax changes in President Donald Trump’s "big beautiful" bill and how the current law compares to ...

"This is a mind-blowing chart," Musk said, referencing the data that showed a significant rise in the number of Social Security numbers issued to noncitizens from FY 2021 through FY 2025.

The quoted $1,200 average monthly Social Security benefit is also inaccurate. The average was $1,259.57 in 2007 and broke $1,300 per month three years later, according to The Motley Fool .

The earliest you can claim Social Security is age 62, but your monthly benefit is reduced based on how far you are from your FRA. If you're within 36 months, benefits are reduced by 5/9 of 1% monthly.

This is the most important chart you'll see because your FRA plays a key role in determining your monthly Social Security benefit. It's all about when you claim relative to your FRA.

Data source: Social Security trustees. Chart by author. As you can see above, the largest source of funding comes from payroll taxes that most workers pay into the Social Security system. For ...

Earning over the limit set by the Social Security RET will reduce your benefits based on how much you exceed the limit and how close you are to full retirement age. If you won't reach FRA in 2024 ...

Here's Why Your 2026 Social Security COLA May Disappoint You -- Regardless of the Number. It's best to set yourself up to not be too reliant on Social Security raises each year.