Reported 3 days ago
In 2025, retirees will see significant adjustments in Social Security, impacting monthly benefit amounts, the full retirement age (FRA), and retirement earnings limits. Key changes include a 2.5% cost-of-living adjustment, gradually rising FRA, and increased income thresholds that affect benefits for those who opt to work while receiving payments. These updates may pose challenges as Medicare premiums rise, highlighting the importance of careful financial planning for retirees heavily reliant on Social Security.
Source: YAHOO