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Social Security, COLA
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.
Unhappy With Your 2.5% Social Security COLA for 2025? Here's the Smallest COLA on Record to Put It Into Perspective
In light of these numbers, it's easy to see why a 2.5% COLA for 2025 seems like a slap in the face. But you should also know that these recent COLAs were fueled by a period of ram
Social Security Update: When New Benefits Will Go Into Effect
The House approved the bill and ultimately reversed the Windfall Elimination Provision and the Government Pension Offset Provision.
What to know about the congressional push to expand some Social Security benefits
Both provisions would be repealed by the bill, thereby increasing Social Security payments for many. The budgetary effect of the legislation is considerable, adding an estimated $195 billion to federal deficits over 10 years, according to the Congressional Budget Office.
Here's the Maximum Possible 2025 Social Security Benefit at 62, 67, and 70
Even if you're in line for the maximum possible benefit, you might be surprised at how much more you can get by waiting.
Social Security update: Second round of November payments worth $4,873 goes out in four days
The second round of November’s Social Security payments, worth up to $4,873 for the highest-income earners who retire at age 70, will go out to the second group of retirees in four days. Here is everything you need to know about this month’s Social Security payments.
Social Security Benefits Could Be Expanded: Here's Who's Impacted
A bipartisan bill called the Social Security Fairness Act has the approval necessary to reverse two provisions lowering benefits.
Social Security November 2024: Your Money Is Headed Your Way Soon
The next round of November's Social Security payments are headed out to recipients in a few short days. If you're expecting a check this coming week, we'll tell you when you'll get it.
Liz Weston: How does Social Security calculate estimates of future benefit amount?
A while back, you responded to a letter writer that Social Security’s estimates of the amount a person will receive assumes the person will continue working until they apply for benefits. I thought the amount a person receives was based on the average of the highest 30 years’ of earnings over a person’s entire career.
7 Social Security Changes Retirees Need to Know About in 2025
David Bowie might not want to be a richer man, but most of us would like to be richer, and annual Social Security-related changes can help, to a modest degree. Here are some important things to know about Social Security changes for 2025.
Social Security & You: How other benefits interact with Social Security
I have been saving up some emails from readers who want to know how other government benefits might affect their eligibility for Social Security, or vice versa. In other words,
17h
on MSN
Social Security's Silver Lining Has Been Ripped Away for a Second Consecutive Year
While Social Security's 2025 COLA announcement offers superficial promise, the lack of a treasured silver lining will quickly ...
2d
on MSN
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 ...
3d
What Will Happen to Social Security After Trump Takes Office?
Readers are concerned that his campaign proposals would put Social Security’s finances on thinner ice, endangering their ...
3d
Trump promised to eliminate taxes on Social Security benefits, but don't bank on it yet
Tax experts advise a 'wait-and-see' approach to planning when it comes to Trump's campaign promise to eliminate taxes on ...
2d
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 ...
2h
on MSN
Dave Ramsey warns Americans on Social Security and 401(k)s
Dave Ramsey discusses the future of Social Security solvency. Ramsey also reminds current U.S. workers that there are ...
1d
on MSN
The Grim Reality of President-Elect Donald Trump's Social Security Plan
During President-elect Trump's campaign, he made two proposals regarding Social Security. The grim reality is that neither ...
CNET
1d
Want to Lock Your Social Security Number After a Data Breach? Here's How
Your Social Security number is important for finding employment, filing your tax return and applying for lines of credit. It ...
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