5 Social Security Changes That Will Impact YOU In 2025

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Social Security is one of the most important retirement decisions you will make, so are you aware of when you will take social security and how the 2025 changes will impact this crucial decision? Join Marvin Musick from Medicare School as he highlights the "5 Key Social Security Updates" that will affect your retirement. Whether you’re nearing retirement or just starting to plan, understanding these changes is vital to making the most of your benefits.

In this video, Marvin explains crucial changes to the Social Security system, such as the increased earnings needed to qualify for credits and the rise in the maximum taxable earnings. He also covers the new cost of living adjustment (COLA) and the impact of the updated maximum Social Security benefit. With over 70% of retirees having inadequate savings, these updates could be the key to securing your financial future!

00:00 Intro
00:28 Cost Of Living Adjustment
06:20 Maximum Taxable Earnings
09:40 Maximum Taxes On Social Security Income
12:44 Social Security And Medicare Eligibility
16:48 Social Security Earnings Test