To maximize your Social Security benefits, knowing what’s coming is essential. Keep track of your Social Security not just at the beginning of 2024 but throughout your retirement.

Your FRA significantly impacts your benefit amount. If you claim before this age (as early as 62)

 Disability beneficiaries will see an increase in their monthly payments in 2024

Social Security benefits are funded by a 12.4% tax on most workers’ incomes. If you have a job, you pay half of that rate, and your employer covers the rest.

In 2024, the average Social Security check will provide $1,907 in monthly income, up from $1,848 in 2023. This increase is due to a cost-of-living adjustment (COLA) that helps retirees keep pace with inflation