The repeal of two provisions will boost Social Security payments for certain beneficiaries, and will include back payments. Here's what we know so far.

The start of a new year usually means changes to Social Security, and this year is no different. The changes to Social Security retirement benefits and changes that affect workers still paying into the program often get the most attention,

If you're eligible to suspend your benefits, you aren't required to pay anything back, as benefits are just on pause instead of canceled completely. Another benefit is you don't have to submit a form to suspend your benefits -- you can just call the SSA and they can take care of the rest for you.

You can claim Social Security benefits at 62, but you won't qualify for your full benefit yet. Full retirement age for those turning 62 this year is 67. Though claiming early reduces your benefit, delaying your claim increases it.

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 20 days. Here is all you need to know about this month’s Social Security payments,

Key Points from 24/7 Wall St. Age 62 is the earliest age to claim Social Security, and it results in a reduced benefit for life. If you have nice savings, an early filing won't necessarily hurt your retirement finances.

Understanding the intricacies of Social Security can significantly impact your financial future. Whether you're planning to claim benefits soon or are already a recipient, knowing the key aspects of the program is crucial.