So, reportedly the top SS benefit if you start collecting retirement ss at 70 is $4873/month if you have paid max ss tax for 35 years (in 2024). SSA has a chart that shows the new max for 2025 at $5,108 and that number is also referenced in a Motley Fool article. My arithmetic calculates the delta to be $235 year over year. 235/4873= approx. 4.8%---not 2.5%. There must be something I am missing here. I recently applied for my benefits to commence at age 70 and was notified that my benefit is at 4873 in February '25. Will I receive an adjustment to 4996? or 5108? THX
So, reportedly the top SS benefit if you start collecting retirement ss at 70 is $4873/month if you have paid max ss tax for 35 years (in 2024). SSA has a chart that shows the new max for 2025 at $5,108 and that number is also referenced in a Motley Fool article. My arithmetic calculates the delta to be $235 year over year. 235/4873= approx. 4.8%---not 2.5%. There must be something I am missing here. I recently applied for my benefits to commence at age 70 and was notified that my benefit is at 4873 in February '25. Will I receive an adjustment to 4996? or 5108?
THX
NEW COLA GOT US PISSED OFF IS CONFRESS CRAZY 2.5% WTF😂