Few things are more important to Americans' retirement than Social Security. It's been a financial safety net for millions of Americans for decades, and ideally, this will continue for many decades to come.

Millions of Americans rely on Social Security benefits each month, including retirement and survivor benefits, as well as Disability Insurance. While it remains to be seen exactly how the new changes will affect beneficiaries, we'll sort out the details of the latest release and potential impacts you should know about.

A change in the way Social Security handles overpayments could eliminate monthly benefits for some recipients, the agency announced last week. On Friday, the agency announced it was reinstating a plan to take 100% of a beneficiary’s monthly check until an overpayment is repaid.

The Social Security Administration (SSA) has established stringent guidelines that significantly impact individuals receiving or planning to apply for benefits. These regulations are particularly crucial for those relying on disability assistance or retirement payments.