Starting with the 2025 tax year, Colorado residents 55 and older who collect Social Security are eligible to exclude the federally taxable portion of their benefits. Previously, o

There’s a rumor circulating that Social Security is headed toward bankruptcy. And thankfully, that rumor isn’t true. Social Security can’t completely go bankrupt because it gets funded by payroll taxes.

You can avoid paying taxes on your retirement account withdrawals if you have enough deductions to offset the amount you take from your accounts. In 2025, the standard deduction for a couple age 65 or older is $33,200.

The date your February Social Security benefit arrives depends on what day of the month you were born. Payments follow the month they are due, so your February check is for January.

Ken and Rick discuss the pros and cons of retiring early and how this can affect social security benefits and taxes.

If both you and your spouse are entitled to Social Security, it's a good idea to coordinate your claims. It can be advantageous for one spouse to start Social Security earlier than the other. There are different strategies you can play around with before locking one in.

In the United States, retirees and individuals with disabilities receive monthly payments from the Social Security Administration (SSA). However, earning above certain limits can affect these benefits.

Social Security benefits may be taxed if total income exceeds IRS thresholds. Filing status, other earnings, and state rules determine how much you’ll owe.