Second round of January Social Security payments goes out in four days
In four days, millions of Social Security recipients will receive their first monthly retirement checks of 2025. Social Security beneficiaries who were born from the 11th through the 20th of his or her respective birth month will receive a regular monthly check for January from the Social Security Administration on Jan.
There's a Big Problem With the 2025 Social Security COLA
Anyone who has been collecting Social Security benefits for a few years knows that the 2025 COLA is smaller than what they have grown accustomed to receiving. The 2.5% increase is well below the 3.2% bump received last year and only a fraction of the 2023 COLA of 8.7%. However, this isn't the big problem.
Social Security's full retirement age is increasing in 2025: What to know
The full retirement age for Social Security is set to increase in 2025, with the age for new retirees to claim and receive their full benefit rising to 66 years and 10 months.
Social Security 2025: Are you eligible for spousal benefits? What to know
Social Security benefits are typically based on a person’s 35 highest-earning years of work, but if your spouse earned significantly more or your history is limited you could benefit more from spousal benefits.
Statistics Say: This Is the Best Age to Claim Social Security
You can, however, choose to claim as early as 62. If you do so, however, you'll be penalized. Each month before your FRA incurs a penalty of 5/9 of 1% (for the first 36 months prior to turning 67) and 5/12 of 1% (for the next 24 months). All told, you could lose as much as 30% of your intended PIA.
How to prepare for Social Security benefit taxes if you'll owe them in 2025
The federal government taxes the Social Security benefits of some retirees if their provisional income exceeds thresholds for their marital status.
Social Security changes announced for 2025
Early filers can earn up to $23,400 in 2025 before benefits are reduced, while those reaching Full Retirement Age (FRA) in 2025 can earn up to $62,160. High earners who are not ye
41 States That Won’t Tax Social Security Benefits in 2025
Social Security plays a big role in many Americans' retirement security. In fact, 40% of Americans ages 65 and older rely on Social Security for at least half their income, according to the AARP.
Social Security 2025: Changes coming in January
As 2025 unfolds, understanding the latest Social Security updates is crucial for everyone, not just retirees. From increased benefits to new earning limits, these changes could significantly impact your financial planning.
How Can I Reduce My Taxes? I'm Going to Get $3,000/Month From Social Security
When determining your income taxes in retirement and on your Social Security benefits, the IRS uses your “combined income” and filing status as the two main markers. At $36,000 a year from Social Security,
Who’s Affected by the New Social Security Age Rules?
Many Americans rely on social security benefits during their post-retirement years to live a comfortable life. While American citizens could previously claim full security benefits at 65, a law passed by Congress in 1983 facilitated raising the retirement age threshold.
This Social Security mistake is all too common, and it could cost retirees thousands
So, anyone that claims Social Security as soon as possible — thereby incurring the largest benefit reduction (30% for those ...
Social Security Fraud: Woman Accused of Embezzling $360,000
Mavious Redmond allegedly pretended to be her dead mother for more than two decades in order to receive the monthly benefits.
Social Security Fairness Act: What It Is and Will It Affect You
Some people haven't received all their Social Security benefits, even though they paid into the system. A new law changes ...
Social Security Fairness Act signed into law by Biden, enhancing retirement benefits for millions
New law means police officers, teachers and others with public pensions will now collect their full Social Security benefits.
Social Security Fairness Act Will Boost Retirement Benefits For Millions. Will You Be Impacted?
The new Social Security Fairness Act was just signed into law by President Biden. What is the Act and how could it impact ...
Social Security's retirement age increases today. Here's what to know
In 2024, the life expectancy for someone born in 1959 was 74 for men and 80.1 for women, according to a Social Security ...
What Donald Trump’s Presidency Could Mean For Social Security
President-elect Donald Trump's plans to protect Social Security benefits could give retirees more money in their pockets, but ...