Social Security's 2025 Changes: New Payments and Income Limits

Are you prepared for the Social Security changes coming in 2025?
In 2025, the SSA is launching a 2.5% COLA increase to aid retirees facing inflation.,April 9 marks a key payment date for retirees born between the 1st and 10th of their birth month.,The maximum monthly benefit for those retiring at 62 will be $2,831 in 2025, based on earnings.,Retirees can significantly boost their benefits by delaying retirement until ages 67 or 70.,The SSA is raising the taxable income limit to $176,100, affecting high earners' contributions.,Gradual changes to the full retirement age will ensure the program's sustainability amidst demographic shifts.,These updates reflect SSA's proactive approach to maintain effective support for future retirees.
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Видео Social Security's 2025 Changes: New Payments and Income Limits канала DAILY RETIREMENT SHORT