Well, Social Security is officially 90 years old. The program was signed into law by President Franklin Roosevelt in 1935 during the Great Depression, designed to provide economic security for older workers, people with disabilities, and those who've just lost their job. This anniversary is also a good reminder of a few key deadlines coming up.First, the Social Security Administration is going paperless on September 30th. That means no more paper checks for benefit payments. So, be sure that you and your lo ...

Social Security Benefits Overview - Social Security provides guaranteed income for retirees, survivors, and disabled Americans, funded by payroll taxes [1] - Claiming benefits can start as early as age 62 or as late as age 70 for maximum benefit [2] - Benefit amounts increase over time based on the cost of living, with a 25% cost of living adjustment (COLA) this year [2] Retirement Age and Planning - Full retirement age is typically between 66 and 67, depending on the year of birth [2] - Individuals born in 1960 must wait until age 67 to collect full Social Security benefits [4] - The Social Security Administration website offers calculators to estimate monthly benefits at different claiming ages [4][5] Important Changes - Social Security retirement checks are no longer issued as paper checks; direct deposit enrollment is required [3]