The repeal of WEP and GPO means higher Social Security benefits for millions of public employees. Teachers, firefighters, and healthcare workers are already seeing higher Social Security benefits, including lump sum payments averaging $6,710 and monthly increases starting in April 2025. See how these changes might impact you.
“Hackers may have stolen the Social Security numbers of every American” in a recent data breach. While you shouldn’t live in fear, it’s wise to assume that your personal data may be accessible online in some form. Here are the proactive steps you can take to reduce the risk of identity theft and other forms of misuse. Chief among those steps is freezing your credit.
As you approach retirement, one of the most complex, important, and valuable financial decisions you can make is when to claim Social Security. Here are some key points and considerations to think about as you consider your Social Security benefits.