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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. This is under the 3.2% increase ...
Data source: Social Security Administration. As shown above, two groups of beneficiaries reached FRA in 2024: (1) Workers born in the second half of 1957 attained FRA at age 66 and 6 months ...
Be mindful of these numbers if you plan to work and collect Social Security at the same time.
The general Social Security earnings-test limit in 2025 is $23,400 (up from $22,320 in 2024). You'll have $1 in Social Security withheld for every $2 you earn above that limit.
Data source: Social Security Administration. Chart by author. Here's the maximum possible 2025 Social Security benefit at 62, 67, and 70. Earning a high salary throughout your career is just one ...
Image source: Getty Images. 1. Boost your earnings. The Social Security Administration (SSA) calculates your monthly retirement benefit based on the amount of income you earned.
The increase in 2025 will perhaps have the biggest impact on those earning between $168,600 and $176,100 per year, as you'll face Social Security tax on income that wasn't previously taxed in 2024.
Although Social Security has existed for many decades, a good number of its rules tend to change from one year to the next. For example, in 2025, Social Security benefits will increasing by 2.5%.