Reported about 1 month ago
As significant adjustments to Social Security are set to take effect in 2025, retirees should be aware of three critical numbers: a 2.5% Cost-of-Living Adjustment (COLA) increasing average benefits from $1,927 to $1,976; new work limits allowing earnings of $23,400 if under full retirement age and $62,160 if reaching full retirement age; and unchanged taxable income thresholds for Social Security benefits, highlighting how retirees can manage taxes and benefits effectively.
Source: YAHOO