A Major Change Is Coming to Social Security in March

The Motley Fool

by newsfeedback@fool.com (Maurie Backman)

February 24, 2026

AI-Generated Deep Dive Summary

A Major Change Is Coming to Social Security in March: Key Updates for Retirees Social Security is a critical component of retirement planning, and upcoming changes in March will impact how seniors approach claiming benefits. The timing of one's decision to file can significantly affect the monthly payments they receive, making it essential to stay informed about the latest updates. While the process may seem daunting, understanding the basics can empower individuals to make more informed choices about their financial future. The Social Security system calculates benefits based on an individual's lifetime earnings and age at the time of claiming. One key change involves the full retirement age, which is gradually increasing to 67 for those born in 1960 or later. This adjustment affects when individuals can start receiving full benefits and could influence their overall financial planning. Another important consideration is the benefits claiming process itself. While applying online has become more streamlined, it's crucial to understand how filing early or delaying claims can impact monthly payments. Delaying claims after reaching full retirement age can lead to higher benefit amounts due to delayed retirement credits, potentially offering a significant financial advantage for those who are able to wait. For those nearing retirement, staying informed about these changes is vital. The financial implications of Social Security decisions can have long-lasting effects on one's retirement income. By understanding the process and how upcoming changes may affect their benefits, individuals can make more confident choices about when to file and maximize their financial security in the years ahead. This knowledge is particularly valuable for anyone focused on retirement planning and ensuring a stable financial future.

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Originally published on The Motley Fool on 2/24/2026