Social Security Changes and Updates
In a couple of months, six major changes will take effect for your Social Security. These changes will actually impact everything related to credits, benefit checks, taxes, and full retirement age (FRA) rules.
These changes will impact all of us, including retirees and working individuals. So, if you’re still working, pay attention to accumulating enough Social Security credits and make sure you really understand how much of your salary will actually be subject to the 6.2% Social Security tax (these are estimated numbers on today’s date; however, they are based on the 2025 Social Security Trustees Report and The Senior Citizens League (TSCL)).
Nonetheless, these numbers will help us start the plan earlier, so 2026 won’t catch us by surprise. Let’s have a look at these major Social Security changes:
I worked as a Musician all my life. I will turn 76 this year. My manager told me several years ago that I should file my SS retirement early because I just don’t make enough $. I was informed that my monthly payment Will be reduced by a small amount because of early retirement. My question is why after I finally reach my FRA, why shouldn’t I get my full money payment at that point. The $ I receive now are not enough to make my monthly payments. The cost of everything has gone up much more than the government says. In Ca. the creed has caused every bill that I have, and I do mean every one of them, almost 40-50%. I still work, have to as long as I can. I served in the Army, was drafted in 1970. I’ve some how paid all taxes. I was even audited once as well. The Govenment has failed us. The present people in charge are thugs and obviously are serving there needs no us. The two party’s even call or text sometimes 6 or 7 times a day asking for $. I want that to stop. Something needs to be done or there will be some sort of uprising. We have been lied to!!!
When the S.S. faces insolvency in 7 years then we seniors should automatically be enrolled in the program that the congress critters are in. After all, it was they that was using our Social Security as their own piggy bank.
I agree!
Not Congress or any other entity should be able to raid the Social Security Trust Fund. Kee your hands off!
FRA for someone born in 1958 last year was 66 and 8 months not 66and 6 months. You should correct that on your info.