Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why October Is a Critical Month for Retirees on Social Security

Social Security benefits make up a significant portion of income for millions of retirees. In fact, nearly one in four workers say that Social Security will be their primary income source in retirement, according to a 2022 survey from the Transamerica Center for Retirement Studies.

There's one key change coming to Social Security in 2023, however, and it could impact your benefits by hundreds of dollars per month. Here's why all retirees on Social Security should mark their calendars for Oct. 13.

Image source: Getty Images.

Continue reading