As benefits get adjusted for inflation, waiting longer to receive those checks will pay off even more.
Forty-two percent of millionaires in a Natixis survey are too worried to even think about retirement.
Preserving the program could mean raising more from workers or paying less to beneficiaries.
Recipients will receive a cost-of-living adjustment increase of 8.7% beginning in January.
How to put the COLA news in context for your clients.
Retirees' big inflation raise may mean they'll face bigger cuts sooner if something isn't done to restore adequate funding.
Inflation and healthcare costs are among the top issues putting financial stress on retirees, a Goldman survey found.
Social Security bridging strategies are a better alternative for those with large savings, the firm said.
Given the level of near-term uncertainty, advisors are switching strategic gears.
Most near-retirees doubt they will be able to replace even three-quarters of their income in retirement, a new survey says.
That forecast would still be the biggest raise in more than 40 years for retirees.
If you have divorced clients, they need your help understanding their rights.
Even the remedies set up to protect the most vulnerable can prolong the problem.
The increase could add $2,280 a year to retiree benefits.
About half of private-sector workers don't have an employer-sponsored retirement plan.
Useful information to share with clients who are considering returning to work.
Out-of-pocket medical expenses are typically consuming about 25% of Social Security benefits, the study said.
That's lower than an earlier 10.5% estimate, but it would still be the biggest increase since 1981.
The increase could add $2,280 a year to retiree benefits.
Johnson endorsed the idea of Congress annually debating the funding for the programs like any other budget item.