Showing posts with label Retirement Age. Show all posts
Showing posts with label Retirement Age. Show all posts
Tuesday, December 17
New Retirement Age in 2025
The new year will bring a series of changes to Social Security. Every year the Social Security Administration announces a cost-of-living adjustment (COLA) which applies to beneficiaries’ payments starting with the disbursement that corresponds to January.
The increase this year was 2.5% which will also raise the amount contributors must earn for each Social Security credit, also known as a “quarter of coverage,” as well as the wage cap for Social Security taxes. Furthermore, beneficiaries will have to wait a little longer to reach full retirement age. READ MORE...
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