retirement income

Social Security in 2024 to 2025 – What Counts as Earnings While Receiving Retirement Benefits

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What Counts as Earnings While Receiving Retirement Benefits

As inflation and rising living costs put financial strain on retirees, many find themselves returning to work to supplement their Social Security benefits. While working during retirement can help bridge financial gaps, earnings above specific thresholds may temporarily reduce Social Security payments for those who haven’t reached Full Retirement Age (FRA). Understanding the rules regarding … Read more

Goodbye to Social Security Benefits in 2025 – The List of Retirees Who Could Lose Their Benefits

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List of Retirees Who Could Lose Their Benefits

Receiving an average of $23,000 annually from Social Security, many retired individuals face challenges maintaining a comfortable standard of living. Because of this, some retirees consider part-time work to supplement their Social Security income. Working in retirement offers a range of benefits beyond just the financial: it provides a routine, a chance to stay socially … Read more

Goodbye to 2024 Cost of Living Adjustment – Social Security Announces Checks Will Change Again on January 1

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Goodbye to 2024 Cost of Living Adjustment Social Security Announces Checks

The Social Security Administration (SSA) recently confirmed the cost-of-living adjustment (COLA) for 2025, which will soon be reflected in the benefits retirees receive next year. Social Security benefits play a vital role for millions of Americans over 66, often constituting about 30% of their income. In fact, among those 65 and older, Social Security is … Read more

New Social Security Increase Is Official – Amounts Now Confirmed

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Social Security Payments New Increase Confirmed

Each year, Social Security payments receive an increase aimed at helping beneficiaries keep up with rising living costs. Understanding the annual cost-of-living adjustment (COLA) and why it occurs is valuable for planning and making the most of your retirement income. While inflation is often gradual, it accumulates over time, impacting purchasing power—especially for essential items. … Read more

Goodbye to the 2025 COLA – Early Projections for New Social Security Check Increase

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Goodbye to the 2025 COLA

The Social Security cost-of-living adjustment (COLA) is a key benefit enhancement for retirees, especially those relying heavily on Social Security for everyday expenses. Adjusted annually to reflect inflation, the COLA aims to help seniors maintain their purchasing power. However, with inflation slowing, beneficiaries will only see a 2.5% increase in 2025—a smaller rise than in … Read more