Good news for Social Security retirees in 2025: they will collect their first check with COLA increase on this date in 2024
Due to how the Social Security Administration schedules payments to beneficiaries, some will receive theirs with the 2025 COLA increase in December.
Social Security Benefits Will Get a 2.5% Cost-of-Living Adjustment (COLA) in 2025. Here's Why Many Retirees Won't Keep Their Entire Raise.
If it weren't for Social Security, millions of older Americans would no doubt struggle to keep up with their ongoing expenses. That's what makes Social Security's cost-of-living adjustments (COLAs) so important.
What will happen to Social Security after Trump takes office?
President-elect Donald Trump has pledged to protect the program, but many policies he proposed on the campaign trail would weaken its already frail finances.
Goodbye to the expansion of Social Security benefits? Retirees who will get a raise in their paychecks before Trump arrives
Democrats in Congress are aiming to get through bills to safeguard Social Security before Donald Trump becomes president again.
3 Important Social Security Changes Coming in 2025 That Retirees Must Know
Qualified workers are entitled to retirement benefits at age 62. But anyone who collects Social Security before full retirement age (FRA) will have a portion of their benefits withheld if their income exceeds certain limits known as the retirement earnings test (RET) amounts.
Why Your Max Social Security Benefit Will Increase in 2024
Social Security is responding to elevated inflation with recipients seeing their maximum benefit increasing in 2024. The maximum Social Security benefit for workers retiring at full retirement age will go up to $3,
I’m Getting $3,000 a Month From Social Security. How Much Savings Do I Need?
Key Insights from 24/7 Wall St. A larger Social Security benefit takes the pressure off your savings. Think about your desired retirement lifestyle and plan for one-off expenses. Use a time-tested withdrawal rate to figure out what nest egg to aim for.
Taxing Social Security: From Reagan To Trump
Two Tax Notes contributing editors examine the history of taxing Social Security benefits and former President Trump’s proposal to stop taxing them.
Abolish Social Security
Social Security is not a retirement fund—it's a transfer program, taking income from the payrolls of current workers and giving it to retirees. Generally, these retirees are already wealthier than the workers subsidizing them.
Here's Why Social Security's 2.5% Cost-of-Living Adjustment (COLA) for 2025 Just Became Even More of a Problem
Last month, annual inflation rose by 2.6%, which means that it's already outpacing the 2.5% COLA seniors are in line for in ...
Trump Won the Election: 2 Changes That Could Be Coming to Social Security in the Next 4 Years
Throughout his long 2024 campaign to retake the White House, President-elect Donald Trump made a number of promises regarding ...
NBC New York7d
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, ...
Social Security recipients get a raise soon. Scammers are on notice.
"Be wary of any communication that asks you to take extra steps or provide personal details for this increase, as it’s likely ...
Social Security Fairness Act: Bill to raise benefits for some passes House
A Social Security-related bill with bipartisan support would expand benefits for workers who are also eligible for other ...
Alaska Dispatch News1d
Congress moves to boost Social Security benefits for thousands of Alaskans who have worked in public sector
Alaska Rep. Mary Peltola was one of 325 U.S. House members to vote in favor of the Social Security Fairness Act.