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Project 2025 Won’t Cut Social Security — but It Will Raise the Retirement Age. One of the biggest concerns about Project 2025 is that it will outright cut Social Security for future ...
“In the early 2000s, Trump was on record stating that the Social Security system needs an overhaul and to cut back on funding,” said Colin Ruggiero, co-founder of DisabilityGuidance.org, which ...
Every year since the mid-1970s, the law has required the Social Security Administration (SSA) to conduct an annual cost-of-living adjustment (COLA) that increases payments, if necessary, to ensure ...
President Joe Biden and President-elect Donald Trump share at least two things in common when it comes to Social Security. They've both been eligible to receive their full retirement benefits for ...
In 2024, Social Security benefits are subject to federal taxes for individuals with a combined income of over $25,000 ($32,000 for married couples filing jointly).
Social Security COLAs could end up higher if Trump is elected -- but there's a big catch for retirees. Social Security card, U.S. Treasury check, and $100 bills. Image source: Getty Images.
The Social Security COLA that is about to go into effect will result in a 2.5% increase in everyone's Social Security benefits. Technically speaking, this is the 2024 COLA, as it goes into effect ...
The Social Security Administration recently announced the cost-of-living adjustment (COLA) for 2025, and beneficiaries can expect a 2.5% raise (amounting to around $50 per month for the average ...