In July 2019, nearly 48 million people claimed Social Security retirement benefits, a number that is expected to grow in the coming years as the population continues to age.

It's no wonder, then, that financial advisors are increasingly being asked about the program, including when to claim Social Security, how benefits will be taxed, and which sources of income can contribute to a loss of benefits.

Here, you'll find answers to some of the most commonly asked questions.

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Nichole Morford

As ALM's Digital Editor-in-Chief, Nichole Morford is responsible for the development of digital strategies to maximize web traffic, deepen audience engagement and effectively monetize digital products. Previously, as Editorial Lead, Digital Content Strategy for ALM's Insurance Group, Morford directed the digital strategy and growth of the division’s web products. Prior to joining ALM through the acquisition of Summit Professional Networks, Morford was managing editor of LifeHealthPro.com and managing editor of Agent's Sales Journal magazine. She started her career as an editor at Penguin Group.