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.

The Social Security Fairness Act, which would increase benefits for 2.8 million retirees, has bipartisan support but time running out.

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.