Two moves retirees may make now to boost their 2025 Social Security benefit checks
A 2.5% Social Security cost-of-living adjustment is the lowest increase to benefits since 2021. To increase those checks, retirees may consider two money moves.
New Social Security Law Faces Long Delay Before Sending Out Adjusted Benefits
It ends the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which reduced or eliminated the Social Security benefits of over 3.2 million people who receive a pension based on work that was not covered by Social Security (a "non-covered pension").
Social Security Cost-of-Living Adjustment (COLA) Update: Here's the Projected Increase for 2026
By now, all seniors on Social Security should have gotten their first checks for 2025. With the latest 2.5% cost-of-living adjustment (COLA) in effect, the average benefit has climbed to $1,976 per month. That's about $49 higher than the average in December 2024.
Social Security Payments: Millions May Not Receive Boost For Over A Year
Callers to the SSA hear a message about the Social Security Fairness Act, intended to reduce long and frustrating wait times for those seeking information on the new law. However, more than 7,000 people per day still choose to wait for a live representative, leading to a backlog that is expected to grow in the coming weeks and months.
Social Security early COLA predictions are in: Will it help or hurt beneficiaries?
Data from TSCL’s 2024 Senior Survey shows 62% of older Americans worry their retirement income won’t even cover essentials such as groceries and medical bills. Will 2026's COLA increase help?
Higher Social Security Benefits Under New Law Delayed—How Long Will You Have To Wait?
Retirees looking forward to increased benefits because of the Social Security Fairness Act may now have to wait more than one year due to reduced funding for the Social Security Administration (SSA).
Social Security COLA prediction: Bad news for retirees in 2026?
An early prediction for next year’s Social Security Cost of Living Adjustment shows retirees could be in for a shock. The nonpartisan advocacy group The Senior Citizens League predicts the 2026 COLA will be 2.
Is the 2025 Social Security Cost-of-Living Adjustment (COLA) Really Enough for Retirees to Keep Up With Inflation?
The Social Security cost-of-living adjustment, or COLA, added 2.5% to Social Security benefits in 2025. However, as Certified Financial Planner® Matt Frankel explains in this video, this might not be quite enough to help American retirees keep up with the rising cost of the goods and services they need the most.
Social Security Fairness Act Signed by Biden: What It Means for Your Retirement
Learn how the Social Security Fairness Act may increase your retirement benefits by eliminating the Windfall Elimination Provision and the Government Pension Offset.
Why Your 2025 Social Security COLA Is Probably Too Small
If you receive Social Security benefits, you are getting a Cost of Living Adjustment (COLA) this year. This means your retirement benefits check is going to be bigger than it was before. That's the good news.
Social Security February direct payment worth $967 goes out today
February’s Supplemental Security Income payment, worth up to $967, will go out to millions of beneficiaries today.
How long will it take for Social Security raises with new law for teachers, police?
Louisiana Senator Bill Cassidy said the Social Security Administration must implement the Social Security Fairness Act as ...
Did Trump Freeze Social Security? Federal Funding Pause Explained
An internal memorandum sent on Monday by the Office of Management and Budget ordered federal agencies to pause all grants and ...
First round of February Social Security payments goes out in 13 days
The first round of February’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age ...
Trump federal funding freeze: Will Social Security payments be delayed? What about Medicare? SNAP?
President Donald Trump’s pause on federal grants and loans has agencies and individuals scrambling as the fallout continues.
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Trump signs memo that claims to cancel late Biden-era union contracts
Although the president railed against collective bargaining agreements signed at the Social Security Administration and the ...
Top Treasury Official Leaves Agency After Musk Allies Demand Access to Social Security Payment System: Report
A top Treasury official left the agency after Elon Musk's allies allegedly demanded access to the Social Security payment ...
The Social Security Administration’s new boss is an unmatched operator—and now the second biggest business figure in Trump-land
He's known as a Jamie Dimon protegé, a 9/11 hero, and an operational expert. Now Fiserv's Frank Bisignano can add government ...