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Social Security Changes for 2025

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How new adjustments will impact retirees’ benefits.


As we approach 2025, several significant changes to Social Security will impact retirees. Understanding these adjustments is crucial for planning and maximizing benefits.


One of the most notable changes is the full retirement age (FRA) increase. Starting in 2025, the FRA will rise to 67 for those born in 1960 or later[1]. Retirees will need to wait longer to receive their full benefits, although they can still claim reduced benefits starting at age 62.

People walk towards a modern building with "Social Security" and "2025 Changes" on the glass facade. American flag above entrance.

Another important update is the cost-of-living adjustment (COLA). For 2025, the COLA is set at 2.5%, reflecting a moderation in inflation[2]. This adjustment will increase the average monthly benefit by approximately $49, bringing it to $1,976[2]. While this is a smaller increase compared to recent years, it helps maintain the purchasing power of Social Security benefits.


Medicare premiums are also on the rise. The standard monthly premium for Medicare Part B will increase from $174.70 to $185[2]. This change will slightly offset the COLA increase, as most retirees have their Medicare premiums deducted from their Social Security payments.


The Social Security Administration (SSA) is also implementing new service protocols. Starting in January 2025, most in-person services at SSA offices will require an appointment[2]. This change aims to reduce wait times and improve service efficiency.

These adjustments underscore the importance of staying informed about Social Security changes. Retirees should review their benefits annually and consider how these updates may affect their financial planning.


At Affinity Advisory Network, we stay on top of the latest news and are here to help you navigate these changes. Our team of professionals is dedicated to providing personalized advice to ensure you make the most of your retirement benefits. For more information, visit our website at www.affinityadvisorynetwork.com or call us at (888) 720-0360.


[1]: MSN [2]: AARP


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