As of the 2024 Trustees Report, Social Security was contending with a $23.2 trillion (and growing) long-term funding obligation shortfall. Even more pressing, the asset reserves for the Old-Age and Survivors Insurance Trust Fund (OASI), which provides monthly payouts to retired workers and survivor beneficiaries, is expected to be depleted by 2033.

Retirees can expect to see some big changes in 2025 when it comes to their Social Security and Medicare benefits.

The fact is, however, a handful of people are doing pretty well with their Social Security benefits, collecting this year's maximum possible monthly payment $5,108. Start Your Mor

Your 401(k) can be a bridge from retirement to a higher monthly income. Meloni pays surprise flying visit to Trump in Florida 6 Places Where You Should Always Pay With Cash From Colorado to Virginia:

Some changes to Social Security happen automatically. For example, Cost of Living Adjustments are built into the program and result in retirees getting an automatic benefits increase in most years. Full retirement age has also been gradually moving later,