For example, the Social Security Administration (SSA) has already revealed changes to Social Security that are coming next year. Here's the one Social Security change in 2025 that's going to hurt the worst.

Among the other Social Security changes coming in 2025 are a smaller cost-of-living adjustment at 2.5%, down from 3.4%; an increase in maximum taxable earnings from $168,000 to $176,100; and appointment-based services at Social Security offices nationwide.

Americans earn Social Security benefits upon reaching retirement age, but some workers face stiff penalties if they work as a public servant.

The new wage base limit, which will be in effect in 2025, is $176,100, up from the $168,600 limit in 2024. This means more income of some workers will be subject to Social Security payroll taxes.

The Social Security Administration has announced several changes set to go into effect next year to address inflation and the financial stability for more than 70 million recipients. The changes are set to affect those who retire, those who receive disability payments and Veterans Affairs benefits, and others who rely on Social Security benefits.

A new law set to take effect in 2025 will raise the minimum age requirement needed to receive social security benefits. Although the age requirement has been 65 until now, Congress is now preparing to implement the more complex law that first passed in 1983.

The FRA has increased by two months annually for several years. It will do so again in 2025. The FRA will be 66 years and eight months for anyone born in 1958 and will be 66 years and 10 months for anyone born in 1959. If you were born in 1960 or afterward, your FRA is 67.

The Cost of Living Adjustment (COLA) is a crucial mechanism that helps Social Security beneficiaries in the United States maintain their purchasing power amidst inflation. As we look towards 2025, understanding how COLA affects retirees' checks is essential for financial planning and stability.