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The big Social Security news from the last couple of months has been the 2025 COLA, which came in at 2.5%. ... This is under the 3.2% increase retirees saw last year. It's set to bump the average ...
The most notable change to Social Security benefits in 2025 should be good news. ... benefits beginning in January 2025. A 2.5% increase is below the average COLA since it became annual in 1975 ...
1. The 2025 Social Security COLA. Social Security beneficiaries are getting a 2.5% cost-of-living adjustment, or COLA, starting with the payment they receive in January 2025. As of the latest data ...
Medicare Part B premiums, which many retirees have deducted from their Social Security checks, are set to increase in 2025. The standard monthly premium will rise to $185, up from $174.70 in 2024.
FRA will increase in 2025, such that (1) workers born in the last eight months of 1958 will reach FRA at 66 and 8 months during the first eight months of 2025, and (2) workers born in the first ...
The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year. That amounts to around $49 more in monthly benefits for the average retiree.
The new maximum monthly benefit for 2025 is $5,108 (about $61,300 for the year), up from 2024's $4,873. ... Medicare Part B premiums will likely increase, too. Back to Medicare now. Retirees ...
Each year, there's a wage cap set that dictates how much income gets taxed for Social Security purposes. In 2024, that cap sat at $168,600. In 2025, it's rising to $176,100.