Social Security benefits will increase 2.5% in 2025, the smallest cost of living adjustment in four years, the Social Security Admonstration announced today. Average retirement benefits will increase by $50 a month in January .

Higher Income workers will pay more in FICA payroll taxes next year as the maximum taxable wages will increase to $176,100 in 2025, up from $168,600 this year.

Media:   It was great to join Casey Weade on the Retire With Purpose Podcast . We explored Social Security claiming strategies and the future of Social Security. You’ll also hear about my semi-retirement.🎧 Listen to the episode: howardbailey.com/resources/podc…

Senate passes Social Security Fairness Act which repeals GPO and WEP, increasing benefits for nearly 3 million retired pubic sector employees. The bill, which the House approved in November, now goes to President Biden for his signature.

Sorry all! I am retracting my earlier tweet about Senate passage of the Social Security Fairness Act. I jumped the gun. The Senate has NOT yet passed the bill—only the initial procedural vote. I am Monitoring the situation and will Update as needed. Mea Culpa.

Senate passes Social Security Fairness Act which repeals GPO and WEP, increasing benefits for nearly 3 million retired pubic sector employees. REALLY! My earlier post was premature, but the bill, which the House approved in November, now goes to President Biden for his signature

The Social Security Fairness Act, which repeals two provisions that reduce or eliminate Social Security benefits for millions of public sector retiree, now awaits President Biden’s signature. tinyurl.com/3jwpwwxn

President Biden signed Social Security Fairness Act today, boosting benefits for millions of public sector workers retroactive to Jan 2024.

President Biden signs Social Security Fairness Act into law expanding benefits for millions of public-sector retirees without a dedicated way to pay for the new benefits. As a result, the Social Security trust funds are expected to be exhausted sooner. tinyurl.com/vujv56pk

The Social Security Adminstration says it could take more than a year to implement the new Social Security Fairness Act’s future and retroactive benefits for many public employees due to budget constraints and federal hiring freeze.

Acting Social Security commissioner Michelle King stepped down this weekend after clashing with Elon Musk’s Department of Government Efficiency, the New York Times and Washington Post reported. King refused to provide access to closely held SSA data about millions of Americans.

Social Security Administration says millions of affected public sector retirees would receive lump sum retroactive benefits in March and larger monthly payments beginning in April as a result of the Social Security Fairness Act. SSA originally estimated it would take a year.

It was my pleasure to join @DeanBarber and @MartinJames on America's Wealth Management Show to discuss the Social Security Fairness Act. youtube.com/watch?v=rz2tzL…

“Moving fast and breaking things may be a mantra in Silicon Valley, but it is reckless and dangerous when applied to Social Security,” the Alliance for Retired Americans said today. “Cutting off telephone services with virtually no warning is not just irresponsible—it’s cruel.”

SSA extends start date for new identity proving procedures by two weeks to April 14. New rules, including two-step authentication, applies to those newly applying for SS benefits or changing their bank direct deposit info.

Another attempt to undermine the Social Security system. If Musk and his team of muskrats are such technical wizards, let them update the antiquated SSA computer system rather than firing workers so critical to the delivery of customer service.

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Security Fears Could Reverse Trend Towards Later Claiming Ages marybethfranklin.com/social-securit…