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A good place to start is by opening a my Social Security account if you havent already done so.
Here are five things to know about Social Securityif you plan to retire in 2025. you’ve got the option to double-check your earnings record through amy Social Security account.
If something looks wrong, hit up the SSA.
Also, double-check to confirm your expected benefits look accurate based on your earnings.
The age at which you file for benefits also plays a big role in your monthly check.
The FRA for nearly all new applicants is either 66 or 67, depending on your birth year.
Visit the SSAsretirement age calculatorto find if youll reach full retirement age in 2025.
The adjustment will boost the average retirement check by $48 a month, according toThe Senior Citizens League.
Over the last decade, the COLA increase has averaged about 2.6%, according to the SSA.
Nearly 68 million Social Security beneficiaries will see a 2.5% COLA beginning in January 2025.
That rises to $32,000 if youre married and filing a joint return.
For anything above those income levels, up to 85% of your benefits could be taxable.
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