March’s Supplemental Security Income payment, worth up to $967, will go out to millions of beneficiaries in 22 days. The next SSI payments are scheduled to be distributed on Feb. 28 because March 1 falls on a weekend.

If you’re like most seniors, you’ll rely on  Social Security to provide a good portion of your income once you retire. But, it can be hard to figure out exactly what role Social Security will play in supporting you if you don’t know how much money you’ll get from the benefits program.

For his last term in office former President Joe Biden sign a new social security measure to ehance benefits for millions of Americans.

The first round of February’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to the first group of retirees in six days. Social Security payments typically begin on the second Wednesday of every month,

Older Americans get choices when it comes to claiming Social Security. The earliest age you can file for benefits is 62, and waiting until full retirement age means avoiding a reduction in your monthly paycheck. You can also delay Social Security past full retirement age for a larger benefit each month for life.

The Social Security changes largely only affect the highest and lowest earners, meaning most average earners in Wisconsin will not be impacted.

A growing number of Americans are heavily reliant on Social Security to make ends meet in retirement. 60% of retirees said Social Security represents a major source of income for them, according to the most recent edition of an annual Gallup poll. While that number fluctuates, it's the second-highest reading in the poll since it started in 2002.

The looming insolvency of Social Security trust funds by 2033 could lead to significant benefit reductions, impacting millions of retirees.