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2 Important Social Security Changes Retirees Can Expect in 2025, and Another Big Change That's Unlikely
The Social Security program undergoes several changes each year to keep benefits aligned with wages and inflation. It is crucial that retired workers and other beneficiaries understand those changes. Social Security is often a major source of income, so misconceptions and knowledge gaps can lead to serious financial planning mistakes.
I'm not counting on Social Security COLAs to carry me through retirement. Here's my plan.
With that as the backdrop, although I'm not retired yet, those days are on my radar. Here's what I'm planning to do, based on what I'm seeing now. Feel free to borrow my inflation-beating retirement strategies for yourself.
Social Security December 2024: Here's When You'll Get Your Money
When will I get my Social Security check? Want to know which day of the month you'll get your check? Here's the Social Security and SSDI payment schedule for November. How is my S
If I Could Tell All Retirees 1 Thing About Social Security, I'd Say to Do This Before You Claim Benefits
Few decisions as you near retirement are as important as when you decide to claim Social Security benefits. It's a decision that will permanently affect how much you receive, so it's best not to gloss over it.
What Day Of The Month You Should Expect To Receive Your Social Security Check?
Social Security recipients receive their checks on the same day of the week. Which week (second, third, or fourth) is determined by your birth date.
SOCIAL SECURITY AND YOU: Social Security: A Global View
I have always been amazed by the number of people who think Social Security is unique to the United States. Or if not truly unique, they figure that maybe a
2 Social Security Cost-of-Living Adjustment (COLA) Changes Retirees Really Want to See
The 2025 Social Security cost-of-living adjustment (COLA) came in at just 2.5%. That's well under the 3.2% retirees got last year and far less than what many were hoping for. The high inflation over the last few years has made it difficult for retirees to afford their basic expenses,
Only 5 Years Away From Claiming Social Security? Do This Now
Deciding when to claim Social Security benefits is one of the most important financial decisions you'll make ahead of retirement. You can claim benefits as early as age 62, but you're almost
20h
Expert says most retirees will go through 4 phases — and 2 can be stressful and draining. Here's how to turn things around in 2025
Unfortunately, retirement isn't all happy hours and endless holidays, though. Many people go through four phases of ...
The Motley Fool on MSN
1d
All Retirees on Medicare Need to Do This by Dec. 7
Dec. 7 is when Medicare's fall open enrollment period comes to an end. You have roughly one more week to make changes to your ...
2d
4 Creative Ways For Retirees To Responsively Leave A Legacy
Would you like to help change the world or your family’s lives by leaving a legacy, but you want to be responsible in the ...
2d
3 ways a second Trump presidency could impact American retirees in 2025 — plus how to prepare now
The former and future President will be entering office in January 2025 with a Republican House and Senate, and he has ...
1d
Retirees Reveal Mistakes That Forced Them Back To The Workplace
Multiple retirees reveal that social security cannot sustain them in retirement and retiring early played a part in their ...
6d
‘Everything has gone up’: Retirees feel burdened by inflation as home insurance cost surge
The U.S. inflation rate, which surged to 9% in June 2022, has slowed to 2.44% as of September 2024 —but years of price ...
6d
Medicare Advantage plans and 3 problems retirees should know about
It's common for Medicare Advantage plans to require prior authorizations for tests or procedures that are out of the ordinary ...
Morningstar
3d
Retirees are facing financial strain as credit-card debt spikes
More
retirees
are carrying credit-card balances that they'll struggle to pay off More
retirees
are carrying credit-card debt and facing stress in repaying those debts while looking ahead to a ...
Arab Times
1h
Kuwait sees 8,000 new retirees in the first half of 2024
The latest data from the Public Institution for Social Security reveals that the number of retirees in Kuwait rose by nearly ...
The Motley Fool
2d
3 Things All Retirees Need to Know About Medigap Plans
Knowing how Medicare supplemental insurance works is crucial for any older American. There's a big misconception about ...
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