The Social Security Fairness Act received a setback last week. However, lawmakers in the House are expected to move forward this week on the legislation.

Up to 50% of Social Security income is taxable for individuals with a gross income of at least $25,000 and for couples filing jointly with a combined income of at least $32,000, i

Key Insights from 24/7 Wall St. A larger Social Security benefit takes the pressure off your savings. Think about your desired retirement lifestyle and plan for one-off expenses. Use a time-tested withdrawal rate to figure out what nest egg to aim for.

Waiting may lead to larger monthly payments down the road, but a little less money now might actually do me more overall long-term good.