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Social Security 2026: What you need to know! - Motley Fool
Since 1940, Social Security has been paying monthly benefits to American seniors and their dependents – that’s almost 9 decades! That is a pretty good record, and the program regularly changes to keep up with the times. In fact, several key Social Security factors change each year with changes to the inflation rate, and the government’s wage index. Those indices affect things like your Cost of Living Adjustment, how much you pay in Social Security FICA payroll tax, and how much you can earn before being penalized when collecting early SS benefits. These factors can affect your Social Security benefits and the SS taxes you pay, as explained in this Motley Fool article by Stefon Walters.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge. Learn more about it here…