Higher Social Security Payments Begin Today – Plus Two More Chances to Earn $5,108

Starting today, millions of Americans will receive higher Social Security payments for 2025, thanks to a 2.5% increase tied to the annual Cost-of-Living Adjustment (COLA). The new payments, which can reach up to $5,108 for some retirees, are being issued as the first round of January checks is sent out.

Social Security, introduced by President Franklin D. Roosevelt in 1935, serves as a crucial financial safety net for retirees, individuals with disabilities, and families who have lost a parent or spouse. Since 1975, the Social Security Administration (SSA) has been adjusting benefits annually based on the cost of living, as measured by the Consumer Price Index (CPI).

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On October 10, the SSA announced a 2.5% COLA for 2025, resulting in higher Social Security checks starting today. The average monthly Social Security retirement benefit has increased by $50, bringing the new average to $1,976, up from $1,927 in 2024.

For those who retire at 70, the maximum monthly benefit now stands at $5,108, a significant increase from the previous year’s $4,873. Meanwhile, individuals who reach their full retirement age (FRA) in 2025 will see a maximum benefit of $4,018, up from $3,822 last year.

Your FRA depends on your birth year, as follows:

• 1943–1954: Age 66
• 1955–1959: 66, increasing by two months each year
• 1960 or later: Age 67

For those retiring at 62 in 2025, the maximum benefit will be $2,831, an increase from $2,710 in 2024.

Payment Schedule Based on Birthdays

Social Security payments are sent out three times a month, determined by beneficiaries’ birth dates:

• 1st to 10th: Second Wednesday of the month
• 11th to 20th: Third Wednesday
• 21st to 31st: Fourth Wednesday

This month, checks will be issued on January 8, 15, and 22.

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Expert Tips for Maximizing Benefits

Social Security expert Shalae Morgan previously shared some valuable insights about how to avoid common mistakes that can result in significant financial losses. Additionally, Morgan explained that delaying your benefits could increase your annual payout by up to $26,000, making a substantial difference in your long-term retirement income.

With these adjustments in place, now is a good time for beneficiaries to review their Social Security strategy to make the most of these important changes

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Keelee McCain is a junior at Weber High School. This is her second year on staff, this year as Assistant to the Chief. She does have a life (probably) but she can't think of anything to write in here, so she's probably just going to ramble now. She has an orange cat who she likes better than any human. If you see her being quiet or not sitting on top of a desk, there is something very wrong. In her free time she enjoys harassing her favorite teachers and sleeping. Her life plans include making it through high school and leaving. Happy lifeing.

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