As we step into 2025, you may be setting financial goals. While you're at it, you should also keep tabs on the Social Security changes this year.

Over 2 million Social Security beneficiaries had their retirement incomes reduced because of two programs. Here's how the Social Security Fairness Act addresses that.

President Joe Biden signed the Social Security Fairness Act of 2023 on Sunday. This legislation repeals two provisions related to Social Security that have been in effect for over 40 years: The Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).

Social Security recipients in the United States will see a significant increase in their monthly benefits due to the Cost of Living Adjustment (COLA). This change is a response to ongoing inflation and aims to provide better financial support for retirees.

The average retired worker collects around $1,925 per month in Social Security benefits, according to the most recent data from the Social Security Administration. But it's possible to earn far more,

Are you counting on Social Security as an important source of income in retirement? You're not alone. Nine out of 10 Americans age 65 and older are currently receiving some form of Social Security. And Gallup polling finds 58% of retired Americans consider Social Security to be a "major source" of their retirement income.

Understanding how continued employment can impact your Social Security benefits is crucial, especially if you plan to claim them before reaching full retirement age. Learn how income limits work, how they affect your benefits,

This is an overall average of the roughly 2.9 million people who collect Social Security retirement benefits who are 69 years old now. It isn't just those who started collecting benefits at this age.