The top Social Security check could be hefty right now, but few retirees actually qualify for the maximum amount.

The projected 2.7 percent adjustment is unlikely to significantly ease pressure on household budgets, experts have said.

If you're banking on Social Security as a retirement income stream, the rumors that the program may be going bankrupt could be throwing you for a serious loop. But you should know that Social Security actually can't run out of money, for one big reason.

While Social Security is an essential source of income for many retirees, future beneficiaries may receive smaller benefits partly due to America's changing demographics.

Speaking on Fox Business, Commissioner Frank Bisignano said Social Security is moving to become a "digital first agency."

It's wise to be prepared for any eventuality. Read on for a deep dive into Social Security and what strategies I as a finance professional recommend.