This Date Will Change Social Security Forever: 3 Exciting Changes for Retirees
As we approach significant dates on the Social Security calendar, retirees are eagerly anticipating changes that could impact their monthly benefits. The Social Security Administration (SSA) has announced key adjustments that promise to enhance the financial well-being of retirees. Here are three important changes that retirees can look forward to.
1. Increased Monthly Benefits
One of the most exciting changes for retirees is the projected increase in monthly Social Security benefits. With the Cost of Living Adjustment (COLA) set to take effect soon, retirees can expect their payments to reflect adjustments based on inflation rates. The COLA is designed to help beneficiaries keep pace with rising living costs. For 2025, the anticipated COLA increase is approximately 2.5%, which trans...