Social Security's maximum benefit will reach a record $5,108 per month in 2025. This is the first time any retiree will take home more than $5,000 per month from the program. But only a select few will receive anything close to this amount.

In 2025, nine states will continue to tax Social Security benefits, impacting retirees' financial planning. Understanding the specific criteria and exemptions in each state is crucial for beneficiaries aiming to optimize their income.

Social Security beneficiaries are set to receive their first payments for 2025, and those recipients can look forward to a 2.5% cost-of-living adjustment over last year's checks.

Trump’s campaign argues that this change is long overdue, especially as inflation has eroded purchasing power. According to estimates, Social Security benefits have lost 20% of their value since 2010 due to cost-of-living adjustments (COLA) failing to keep up with rising prices.

In 2024, the life expectancy for someone born in 1959 was 74 for men and 80.1 for women, according to a Social Security report. The report predicts continuing increases in life expectancy, which translates into even more years that beneficiaries will receive Social Security checks.

The bill repeals two regulations which reduces benefits for many Social Security beneficiaries who earned a pension from work.

As we step into 2025, you may be setting financial goals for the year and putting together your to-do list. While you're at it, you should also keep tabs on the Social Security changes coming this year.

Social Security is tweaked each year to account for changes in areas such as life expectancy and cost of living.

The Social Security Fairness Act hopes to bring more benefits to retirees and government employees in 2025. Roy Wood Jr. Turns Down Andy Cohen’s Tequila Shot During CNN’s New Year’s Eve Special: “The