Senior Finance 3 Important Changes Coming for Social Security in 2025

[elleng]

October 7, 2024

In order to claim the biggest Social Security benefits, you need to delay your Social Security claim until 70 and also earn the maximum income subject to Social Security taxes for at least 35 years. It’s not that easy! It can be done just by those who can cover their living costs no matter where the COLA comes in.

https://retirementinusa.com/644/yahoo/1116720/20018/changes/

[no_hypocrisy]

1. And what if you wait until you're 70 (vs. waiting, say, 2 years),

and there's no funds in SS when you're 70?

[elleng]

2. IMO, funds will be there/are there.

IF you are entitled, you will be paid, it's a CONTRACT you have with the Government.

[ShazzieB]

4. I hope to God you're right.

Actually, I believe you are. I'm just afraid to count on ANYTHING anymore!

[NBachers]

3. I waited until 70. I know about the statistics about starting earlier and getting more money in the long run,

But I’m not financially sophisticated enough to make that work out for me. I’ll I’m still working at 75; I’ll be 76 in April. At some point every year they recalculate my benefits and adjust upward, because I’ve added another year to my top earning capacity. It works out for me, as long as they don’t torpedo Social Security.