Social Security, COLA

The Social Security 2025 COLA Is Here, and There's Good and Bad News for Retirees
Many retirees look forward to Social Security's annual cost-of-living adjustment (COLA), which for 2025 is 2.5%. The COLA technically takes effect in December, with beneficiaries seeing updated payments in January.
Social Security Is Increasing Payments to 3 Million People This Year—Find Out If You’re One of Them
Social Security checks are increasing for almost 3 million Americans. Here's how to find out if you'll benefit—and when.
The Social Security COLA is lower than it’s been in four years. Here’s what that means for your spending.
The Social Security cost-of-living adjustment, or COLA, for 2025 is a 2.5% increase. That means the monthly benefits checks for more than 72.5 million Americans will see their lowest annual bump in four years.
A Big Social Security Change Proposed by President-Elect Donald Trump May Be Bad News for Retirees
During his presidential campaign, Donald Trump signaled support for ending the decades-long practice of taxing Social Security benefits on several occasions. "Seniors should not pay tax on Social Security," Trump asserted on his social media platform in July. He then repeated the proposal in August during an interview with Fox.
Social Security retirement age increases in 2025
Social Security recipients will need to wait an extra two months to reach full retirement age starting in 2025. For people born in 1959, the full retirement age will now be 66 years and 10 months. The full retirement age is based on birth year.
Are Social Security Offices Open Today? List of Closures by State
On January 9, all Social Security offices and federal agencies will be closed in honor of the late President Jimmy Carter.
Who Is Affected By The Social Security Fairness Act And What To Do Next
Over 2 million Social Security beneficiaries had their retirement incomes reduced because of two programs. Here's how the ...
Who gets increased Social Security benefits? What to know after President Biden signs bill
Biden estimated the bill should lead to an average monthly increase of $360 for certain public employees and their spouses ...
Social Security update: February direct payment worth $943 goes out in 23 days
February’s Supplemental Security Income payment, worth up to $943, will go out to millions of beneficiaries in 23 days. The ...
Johnson says no cuts to Social Security and Medicare to fund Trump's agenda
House Speaker Mike Johnson said cuts to Social Security and Medicare won't be part of the legislative plan being worked out ...
Ask the Hammer: Is Social Security Income Tax-Free?
In a recent episode of "Ask the Hammer," financial expert Jeffrey Levine from Buckingham addressed a common concern among Social Security recipients: the potential need for tax withholding on their ...
Social Security Fairness Act Explained: What Changes Does It Bring?
President Joe Biden signed off on the biggest changes to the Social Security Act in decades on Sunday, which will benefit ...
What is the Social Security Fairness Act? Biden signs bill to boost payments for some
The Social Security Fairness Act eliminates two provisions that reduced Social Security benefits for some retirees who also ...