Social Security benefits are an important source of retirement income, and no one wants to lose this money to taxes. Unfortunately, some retirees do find themselves owing some of their retirement money to the IRS and to their state or local government.

Once its trust funds are emptied, Social Security may have to cut benefits. The Social Security Trustees say it could happen as early as 2035.

The average 67-year-old retired worker gets $1,883.50 per month from their Social Security benefit, which is $22,602 per year. This is slightly less than the $1,905.31 average ben

Your Social Security benefits can be an important part of your retirement income — but when should you start collecting them? Joining us to discuss how to carefully consider your Social Security options was Jim Lyons from Edward Jones.

Millions of retirees in the United States rely on Social Security benefits to meet their basic needs. However, understanding how state taxes can impact these benefits is crucial for effective financial planning.