How much Social Security is being collected by retirees these days? The program's administrators say this year's average monthly payment for retired workers stands at $1,976. Over a full year, that average adds up to $23,

There's a good chance you'll end up having to pay taxes on your Social Security benefits in retirement, especially if you're still many years away from being able to file. There are a good number of Social Security recipients who do not pay taxes on their benefits.

Social Security payments for May will soon be distributed to approximately 69 million Americans, including retirees and those with qualifying disabilities. See the schedule.