Social Security 2025: Here's Are the Good (and Bad) Changes Retirees Can Expect
The first piece of good news is that beneficiaries will see a 2.5% bump in benefits beginning in January, thanks to the cost-of-living adjustment (COLA). The average retiree collects just over $1,900 per month in benefits, which amounts to a raise of roughly $50 per month.
Next year's 2.5% Social Security COLA isn't so bad when you consider this
But when we look back at the data, it becomes clear that a 2.5% Social Security COLA isn't so terrible. In fact, it's a lot more generous than some of the COLAs beneficiaries have seen in the past. In 2024, Social Security benefits rose by 3.2%. The year prior, they increased by 8.7%. And in 2022, a 5.9% COLA came through.
Here's what changes are coming to Social Security in 2025
Social Security beneficiaries will soon experience a welcome change when benefits climb due to a cost-of-living adjustment.
9 States Tax Social Security Benefits -- Is Yours One of Them?
The bulk of U.S. states don't tax Social Security at all. However, nine still have some sort of Social Security benefit taxes, and in this video, Certified Financial Planner® Matt Frankel discusses them.
How Social Security Bill Could Change 2025 Benefits
The WEP reduces Social Security benefits for individuals who receive pensions from public sector jobs, such as state and federal employees, that are or were not required to make S
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Suze Orman: 2025 Social Security Changes You Need To Know About and Their Impacts
Starting in January 2025, Social Security beneficiaries will see a 2.5% cost-of-living adjustment (COLA), marking the ...
Social Security update: Second round of November payments worth $4,873 goes out in one day
The second round of November’s Social Security payments, worth up to $4,873 for the highest-income earners who retire at ...
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Social security recipients will see an increase in 2025 — and an extra check in November
While millions of retired Americans will soon see a 2.5% cost of living increase in their Social Security payments, ...
O'Malley resigns from Social Security Administration to run for DNC chair
Former Maryland Gov. Martin O'Malley is resigning as Social Security Administration commissioner to run for chairman of the ...
Social Security update: December direct payment worth $943 goes out in 10 days
The Supplemental Security Income payment for the month of December, worth up to $943, goes out to millions of beneficiaries ...
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What Social Security Could Look Like Under a Trump Presidency for Baby Boomers Ready to Retire
Donald Trump’s 2024 presidential victory will undoubtedly have plenty of implications for the overall stock market. Whether ...
The Social Security Fairness Act is now in the hands of the Senate. Here's what could happen next.
The Social Security Fairness Act, which would increase benefits for 2.8 million retirees, has bipartisan support but time ...
Social Security Update: Checks of up to $4,873 To Be Paid Out This Week
The Social Security Administration (SSA) distributes benefits each month to retired Americans, people with disabilities, and surviving family members of deceased workers. With multiple types of ...
Do You Make $176,100 or More? You Could Have to Pay Social Security Payroll Taxes on Thousands of Dollars of Additional Earnings in 2025
This does not mean you'll pay an additional $7,500 in taxes. It means the 6.2% or 12.4% tax rate would apply to the ...