Year-End Planning Part 1: 2025 Social Security Updates

As we approach the end of the year, it’s the perfect time to talk about some year-end planning strategies. In this two-part episode, Ben and Dan will cover what you need to know and think about before we head into the new year. Listen in as they discuss the new cost of living adjustments, earnings limits, and the Windfall Elimination Provision. Don’t miss part 2 of this conversation and we talk about year-end tax planning!

 

Here’s some of what we discuss in this episode:

• Social Security Cost of Living (COLA) adjustment
• The FICA Wage Base and Earnings Test Limit increase
• The average retirement benefit on Social Security right now
• The impacts of the Windfall Elimination Provision

 

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