Qualified workers are entitled to retirement benefits at age 62. But anyone who collects Social Security before full retirement age (FRA) will have a portion of their benefits withheld if their income exceeds certain limits known as the retirement earnings test (RET) amounts.

Readers are concerned that his campaign proposals would put Social Security’s finances on thinner ice, endangering their payments.

Though President-elect Donald Trump has often promised to protect Social Security, he has not explained exactly how he would save the beloved – but financially troubled – entitlement program. Nor did he take any meaningful steps to shore up Social Security during his first term in the White House.

Tax experts advise a 'wait-and-see' approach to planning when it comes to Trump's campaign promise to eliminate taxes on Social Security benefits.

Delaying Social Security past full retirement age results in a boosted monthly benefit for life. If your full retirement age is 67, which is the case for anyone born in 1960 or later, then you have an opportunity to increase your monthly Social Security paychecks by 24% by signing up at age 70. That's an appealing thing when you're shy on savings.

Key Insights from 24/7 Wall St. A larger Social Security benefit takes the pressure off your savings. Think about your desired retirement lifestyle and plan for one-off expenses. Use a time-tested withdrawal rate to figure out what nest egg to aim for.

The timing of filing for Social Security benefits is one of the most important decisions senior Americans must make. But few think about the implications filing early or late in life has on widowed spouses,

Social Security is not a retirement fund—it's a transfer program, taking income from the payrolls of current workers and giving it to retirees. Generally, these retirees are already wealthier than the workers subsidizing them.