Seniors

elleng

(138,998 posts) Mon Feb 3, 2025, 03:54 AM Feb 3

Senior Finance 3 Important Changes Coming for Social Security in 2025

October 7, 2024

In order to claim the biggest Social Security benefits, you need to delay your Social Security claim until 70 and also earn the maximum income subject to Social Security taxes for at least 35 years. It’s not that easy! It can be done just by those who can cover their living costs no matter where the COLA comes in.

https://retirementinusa.com/644/yahoo/1116720/20018/changes/

4 replies

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Senior Finance 3 Important Changes Coming for Social Security in 2025 (Original Post) elleng Feb 3 OP

And what if you wait until you're 70 (vs. waiting, say, 2 years), no_hypocrisy Feb 3 #1

IMO, funds will be there/are there. elleng Feb 3 #2

I hope to God you're right. ShazzieB Feb 3 #4

I waited until 70. I know about the statistics about starting earlier and getting more money in the long run, NBachers Feb 3 #3

no_hypocrisy

(50,896 posts)

1. And what if you wait until you're 70 (vs. waiting, say, 2 years),

Reply to elleng (Original post)

Mon Feb 3, 2025, 04:40 AM

Feb 3

and there's no funds in SS when you're 70?

elleng

(138,998 posts)

2. IMO, funds will be there/are there.

Reply to no_hypocrisy (Reply #1)

Mon Feb 3, 2025, 04:42 AM

Feb 3

IF you are entitled, you will be paid, it's a CONTRACT you have with the Government.

ShazzieB

(20,006 posts)

4. I hope to God you're right.

Reply to elleng (Reply #2)

Mon Feb 3, 2025, 08:10 PM

Feb 3

Actually, I believe you are. I'm just afraid to count on ANYTHING anymore!

NBachers

(18,402 posts)

3. I waited until 70. I know about the statistics about starting earlier and getting more money in the long run,

Reply to elleng (Original post)

Mon Feb 3, 2025, 11:45 AM

Feb 3

But I’m not financially sophisticated enough to make that work out for me. I’ll I’m still working at 75; I’ll be 76 in April. At some point every year they recalculate my benefits and adjust upward, because I’ve added another year to my top earning capacity. It works out for me, as long as they don’t torpedo Social Security.

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