The Social Security program undergoes a series of revisions each year to ensure benefit payments keep pace with inflation and wages. The latest round of revisions took effect in January, and a recent survey published by Nationwide Retirement Institute suggests some of the changes will surprise many Americans.

For his last term in office former President Joe Biden sign a new social security measure to ehance benefits for millions of Americans.

The Social Security changes largely only affect the highest and lowest earners, meaning most average earners in Wisconsin will not be impacted.

The cost-of-living adjustment (COLA) for 2025 is indeed a most notable change in Social Security for 2025, but it's not an Earth-shattering one. The COLA, effective in December 2024, is just 2.5%. So if you were collecting, say, $2,000 per month, you'd now be getting $2,050.

Kansas Sen. Roger Marshall has introduced a bill that would cut taxes for many individuals who rely on Social Security benefits. Marshall, alongside Marsha Blackburn (R-TN), introduced the Reducing Excessive Taxation and Inefficiencies by Reforming Elder Exemptions to Support Fairness,

If you have passive income sources like dividends, interest, or rental income, which do not count against earnings restrictions, then deferring Social Security benefits raises monthly payments may be beneficial even if taking it at 62.