Reported 1 day ago
Several important Social Security updates are set for 2025, including a 2.5% increase in benefits due to cost-of-living adjustments, higher payroll tax limits, an increase in the maximum monthly benefit for new retirees, and elevated earning thresholds for those claiming benefits before full retirement age. These adjustments are crucial for retirees, as many misunderstand basic aspects of the program despite its significance in providing retirement income.
Source: YAHOO