Are you prepared for the upcoming changes to Social Security in 2025? In this informative explainer video, we’ll break down the new retirement age, SSI payment schedule changes, and all the crucial Social Security payment adjustments for 2025. Learn how these transformations will affect your benefits and financial planning. From the new retirement age to the modified payment schedule, we cover everything you need to know to stay informed and ready for the upcoming changes. Don't forget to like and share this video to help others navigate their Social Security journey!
00:00:00 The Importance of Social Security 00:03:03 Understanding Full Retirement Age (FRA) 00:05:22 Decoding the 2.5% Cost-of-Living Adjustment (COLA) 00:08:04 Navigating the Earnings Test Limits 00:08:31 The Shift in the SSI Payment Schedule 00:08:59 The Rising Tide of Maximum Taxable Earnings 00:09:33 Peering into the Future of Social Security 00:10:00 Your Gateway to Updated Information