You pay Social Security taxes throughout your career so you can enjoy guaranteed monthly checks in retirement. But when you retire, you could have to pay taxes on a portion of your benefits, too. It's a major pain point for seniors,

Chris LaCivita, a top adviser to President Donald Trump, insists that Elon Musk will not cut Social Security in his pursuit to limit government because Musk is “not president” and therefore “doesn’t get to make those decisions.

Social Security payments are typically paid out starting on the second Wednesday of the month. The remaining two payments will be paid out on the following two Wednesdays of the month. Which week you receive your payment depends on your birthdate. There is one big exception, which I'll cover below.

The second round of March’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to a group of retirees in four days. Here is all you need to know about this month’s Social Security payments.

In March 2025, the Social Security Administration will implement significant changes to benefit retirees, disability beneficiaries, and veterans. These updates aim to counteract inflation and ensure financial stability for over 70 million Americans.

The two maintain that they won’t attack the program, but their repeated claims of rampant fraud serve a strategic purpose.

The involvement of Antonio Gracias, an investor who has known Elon Musk for two decades, suggests that Mr. Musk has made overhauling the Social Security Administration a priority.

A July 2023 inspector general’s report found more than 18 million people born before 1920 didn’t have death information and remained on the aging computer system because of a software