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Social Security isn't just a retirement income
Why Retirees' Average Take-Home Social Security Increase in 2025 Will Be 20% Lower Than They Might Expect
Less than six weeks remain before retirees will get a raise. Last month, the Social Security Administration announced that the next cost-of-living adjustment (COLA) will be 2.5%. The adjustment takes effect on Jan.
Planning for retirement: Here's how I expect to spend my Social Security checks
The idea of depending entirely on Social Security doesn't sit well with me. That's why I'm taking control now by building retirement accounts.
For Seattle-area residents, Social Security isn’t just a retirement income
When Sharon Callahan, 76, retired a decade ago, her finances were solid. The former professor at Seattle University had a 401 (k) and owned her condo. Between herself and her husband, Social Security would pay about $4,000 a month — enough to get by comfortably, she thought.
The 2025 Social Security COLA Was Announced Last Month. Here's What That Means for Retirees
But a 2.5% COLA for 2025 stings because it's the smallest one to arrive in years. At the start of 2024, seniors on Social Security saw their benefits increase by 3.2%. And the year prior, Social Security recipients got a record-breaking 8.7% COLA. So a raise of just 2.5% seems awfully meager by comparison.
Is it possible to retire comfortably on Social Security alone? We asked seniors.
USA TODAY reached out to retirees across the country who are living mostly on Social Security, to ask how they were doing.
Genius Ways To Make Money After Retirement (That Aren't Social Security)
More Americans past retirement age are staying in the workforce today. The Pew Research Center reports around 19% of people aged 65 and older are still working.
Working and Collecting a Social Security Benefit? Big Changes Are On the Way in 2025.
Social Security's cost-of-living adjustment (COLA) isn't the only notable change to America's top retirement program in 2025.
Average Social Security Benefits for 2024 Revealed
The Social Security Administration (SSA) has released data showing that the average Social Security benefit for a 67-year-old retired worker in 2024 is $1,883.50 per month. This amounts to roughly $22,
10h
on MSN
There's Good News and Bad News About 2025's Social Security COLA
But the truth is that your monthly benefit is never truly locked in, because each year, Social Security recipients are ...
1d
on MSN
Medicare premiums rise for 2025, nicking retirees' Social Security checks
Seniors awaiting bigger Social Security checks next year may be shocked to discover higher Medicare premiums will eat up a ...
2d
73% of workers worry Social Security won’t be able to pay retirement benefits. Here’s what advisers say.
Gen Xers say they are worried they may not receive their benefits at retirement age if Social Security funds are depleted.
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When Are December 2024 Social Security Payments Coming?
Anyone born between the 21st and 31st of any month will have their benefits paid on December 27. January payments for SSI and ...
3d
on MSN
Senate has 6 weeks to vote to lift Social Security for public workers. Will it?
Public sector workers are anxiously waiting to see if the Senate will vote to finally eliminate provisions that cut their ...
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No, the president cannot change Social Security
VERIFY readers asked if the president can change Social Security. Its tax rate and benefits are set by law, so it would take ...
Seattle Times
15h
Living on Social Security in King County? Here’s what you need to know
Social
Security
is a critical safety net program that provides income to older individuals and people with disabilities.
USA Today
1h
Before claiming Social Security in 2025, weigh the cost of filing too early. And too late.
You've certainly earned the right to focus on yourself rather than your job. Before calling it quits and initiating your ...
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