There's Good and Bad News Coming for High-Earning Workers

Social Security 2025: There's Good and Bad News Coming for High-Earning Workers
The Social Security Administration recently announced the cost-of-living adjustment (COLA) for 2025, and beneficiaries can expect a 2.5% raise (amounting to around $50 per month for the average retiree) heading into next year.
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.
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 Social Security for those who have been claiming since before July 1997 will be made on December 29 as January 1 is a holiday.
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 Social Security benefits.
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 chunk of their cost-of-living adjustment.
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 an act of Congress to change them.
Social Security update: December direct payment worth $943 goes out in eight days
The Supplemental Security Income payment for December, worth up to $943, will go out to millions of beneficiaries in eight days. Beneficiaries will receive two checks this month because the next payment is scheduled to be distributed on Nov. 29, as Dec. 1 is a Sunday, and payments are not distributed on holidays or weekends.
The 2025 Social Security COLA Was Announced Last Month. Here's What That Means for Retirees
Social Security helps millions of older Americans stay afloat financially. And without those benefits, many would struggle to make ends meet. Retirees who get most or all of their income from Social Security also rely on the program's annual cost-of-living adjustments (COLAs) quite heavily to ensure that they're able to keep up with their bills from year to year.
The 3 Biggest Changes Made to Social Security in 2024 and How They Affect Your Paycheck
Various news stories about Social Security have made headlines throughout the year, ranging from questions concerning its solvency to arguments over how the program should be funded. Particulars
I'm Afraid Social Security Will Run Out of Money. Is My Retirement Doomed?
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. If you were to ask a room full of retired people whether they’re worried about the future of Social Security,
Nearly 3 in 4 Americans fear Social Security won't be available when they retire, poll finds
A new survey reveals widespread concerns among Americans about the future of Social Security benefits as the program faces potential funding shortfalls.
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.
Social Security update: December direct payment worth $943 goes out in six days
December’s Supplemental Security Income payment, worth up to $943, will go out to millions of people in six days. The next ...
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Gillibrand calls on Senate to pass Social Security Fairness Act
The bipartisan bill would increase Social Security benefits for 2.5 million Americans, including first responders.
Unhappy With Your Higher 2025 Social Security Tax Bill? Here's the Silver Lining.
Having to pay Social Security taxes on an extra $7,500 of earnings means you're looking at paying up to $930 more in 2025.
I’m 54, but my wife is already 63. Can she claim on my Social Security record as a spouse?
Dear Fix My Portfolio, I have a quick question about Social Security. I’m currently 54 and my wife is 63. We’ve been married ...
House Passes $196 Billion Social Security Bill: Will Repealing Pension Reductions Shorten The Program's Lifespan?
On Nov. 12, the U.S. House of Representatives passed the Social Security Fairness Act, a bipartisan bill set in motion to ...
Social Security: New legislation would increase monthly benefits for 2.5M Americans
Last week, the U.S. House of Representatives overwhelmingly passed the Social Security Fairness Act, a bipartisan piece of ...
Social Security beneficiaries to soon receive notices revealing the size of their 2025 benefit checks
A 2.5% cost-of-living adjustment, Medicare Part B premiums and tax liabilities are key changes to watch for that affect 2025 ...