Social Security Equity Act Good or Bad for Your Wallet Here’s the Answer!

In this video, we delve into the Social Security Fairness Act, signed into law on January 5, 2025, and its implications for your finances. This landmark legislation repeals the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which previously reduced Social Security benefits for public servants receiving non-covered pensions. As a result, over 3.2 million Americans—including teachers, firefighters, and police officers—are now eligible for increased monthly benefits and retroactive payments dating back to January 2024.

While this change enhances financial security for many retirees, it's essential to understand the broader implications, including potential impacts on Medicare premiums and the Social Security trust fund's sustainability.

Join us as we explore how the Social Security Fairness Act affects your wallet and what steps you should take to maximize your benefits.

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Видео Social Security Equity Act Good or Bad for Your Wallet Here’s the Answer! канала Dollar Pro