Do You Get Social Security? 2025 Could Be Your Year for a Bump

August 15, 2024 | [Read Online]( If You’re in One of 10 States, Social Security’s COLA Could Be Better Social Security’s COLA: 10 States Will See the Best in 2025 As inflation continues to shape the economic landscape, Social Security recipients are set to receive their annual cost-of-living adjustment (COLA) to help maintain the purchasing power of their benefits. The official rate for the 2025 COLA will be determined after the Labor Department releases the Consumer Price Index data for September, scheduled for Thursday, Oct. 10, at 8:30 a.m. ET. The calculation of Social Security benefits is primarily based on an individual's lifetime earnings and the age at which they claim benefits. While the state of residence does not directly influence the benefit amount, it does indirectly affect it through median income levels. According to the Social Security Administration's 2024 statistical supplement, the following states have the highest median monthly Social Security benefits as of December 2023, positioning them for the largest dollar increases in 2025: - New Jersey: $2,100 - Connecticut: $2,084 - Delaware: $2,064 - New Hampshire: $2,039 - Maryland: $2,008 - Michigan: $2,005 - Washington: $1,992 - Minnesota: $1,982 - Indiana: $1,952 - Massachusetts: $1,946 As we await the official 2025 COLA announcement, retirees, particularly in states with higher median benefits, should prepare for notable increases in their Social Security checks. Understanding the dynamics of Social Security and employing strategies to maximize benefits can significantly impact financial well-being in retirement. Advertisement Dear Fellow Investor, It's been a great year for investors. The market is near all-time highs, we're told that unemployment is low, AI's a gift to humanity, and the FED will cut rates any day now. But there's one indicator that's flashing a BIG warning sign to investors. This indicator is so rare, it's only flashed this warning sign twice in the past 100 years... ...and each time the market crashed over 50% in six months. The first time it flashed red was in 1929 - right before the market crashed 80%. This second time it flashed red was in 1999 - right before the dot com crash sent the market down 50%. And now it's flashing red again - for the third time in history. As you will see in [this presentation here,]( there's little time left to prepare. The next 90 days are crucial. Don't get blindsided by the coming storm. [Take these 4 steps to protect your retirement here.]( "The Buck Stops Here," Dylan Jovine, CEO & Founder Behind the Markets Tweet of the Day [tw profile: Josh Hawley] Josh Hawley @HawleyMO [tw] Why does Lucas Kunce want to destroy Missouri’s No. 1 industry - farming? He owes Missouri answers 10:26 PM • Aug 12, 2024 3.3K Likes 783 Retweets 277 Replies [tw]( [yt]( Update your email preferences or unsubscribe [here]( © 2024 The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume the sender of this email has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this message and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. 4801 Linton Blvd. #11A-636 Delray Beach, FL 33445, United States of America [[beehiiv logo]Powered by beehiiv]( [Terms of Service](