19Negative
Serious
Neutral
Optimistic
Positive
- Total News Sources
- 2
- Left
- 0
- Center
- 1
- Right
- 0
- Unrated
- 1
- Last Updated
- 5 days ago
- Bias Distribution
- 50% Center
The Senior Citizens League reports that the Cost of Living Adjustment (COLA) for Social Security in 2025 is projected at 2.63%, which would be among the lowest increases since 2021. This comes as inflation remains a concern, impacting retirees who rely solely on Social Security benefits. Additionally, the expiration of certain tax cuts from the 2017 Tax Cuts and Jobs Act at the end of 2025 may lead to significant tax increases for retirees, especially as the top tax rate could rise from 37% to 39.6%. Financial experts suggest strategies like Roth IRA conversions to mitigate future tax burdens. In the backdrop of an evolving workforce, younger employees are finding it challenging to navigate a job market with older workers delaying retirement. Overall, careful financial planning is essential for retirees facing potential COLA adjustments and tax changes.
- Total News Sources
- 2
- Left
- 0
- Center
- 1
- Right
- 0
- Unrated
- 1
- Last Updated
- 5 days ago
- Bias Distribution
- 50% Center
19Negative
Serious
Neutral
Optimistic
Positive
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