2025 Social Security Increase

[@dpol4883]

Thanks for getting to the answer in the first minute. So many people drag it out for as long as they can.

[@StreamlineFinancial]

You’re welcome!

[@colonMicheal9]

I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.

[@prairiemark4084]

I liked your talk. First time listener. It was not too technical or complicated and not hard to understand like some listen to. I am 70&1/2 years old. I grew up in a social environment that distrusted Social Security. But at age 60 I had a couple of online advisors who showed me how good it could be. I waited until 70 to draw and lived on my small IRA from age 64&1/2 when I quit working until age 70. My Social Security checked started out at $4,051/month and will gain another $100 soon. With my $700 pension I can live on those two things alone. Both of those have a COALA attached So my annuities and stock market will not have to yield so much. Another nice thing for me was that Social Security is divorce proof. I was faced with a surprise divorce in my late 50s and it left me with half of my resources gone but a large debt to pay off. My house, savings, stocks and annuities were largely wiped out. But my Social Security is intact.

[@bmiles4131]

They need to raise the cap.

[@dforrest4503]

I DO appreciate when videos get to the point in the title and am more likely to listen to the whole video that way.

[@dpol4883]

Also thanks for bringing up the 3 income risks.

[@StreamlineFinancial]

You’re welcome!

[@jpturner171]

Thanks Dave, One of the benefits of listening to you Dave is you do get to the point right off and don’t drag out the banner header until the end! 👍🏽 We are in a three-bucket investing approach as you have advised. I have taken the past 40 years and average it out. We plan on a 1.6% increase annually in my budgeting along with a 3.2% inflation value. PS: NO annuities.👍🏽 Semper Fi!❤️🇺🇸

[@StreamlineFinancial]

Fantastic, JP!

[@rosieroberts6738]

Yes… Thank you for getting right to the point of interest!!😊

[@StreamlineFinancial]

My pleasure!

[@SpookyEng1]

Thx for getting to the point upfront!

[@commonsenseisntcommon1776]

Let me guess 2% COLA and a 20% inflation rate.........lovely

[@andrewconnelly4893]

yes - thanks for quick update on estimated increase. More importantly, I appreciate the content about the 3 risk to retirement info - - very helpful as I plan for my retirement!

[@tonyaawessome]

Good video - quick and to the point!

[@rickdunn3883]

Thanks for getting to the subject quickly. Great video.

[@StreamlineFinancial]

Glad it was helpful!

[@guzzi95]

Dave, I like all of your videos! Very informative, useful, etc.

[@Abresoify-pe6ct]

Thank you for the important information. Nowadays, no one knows these details... Today's kids don't understand that social security is not enough to live on. Again, thanks .

[@nmr6988]

Unfortunately, the increase doesn't match the rate of inflation.

[@wendykornfein3337]

Thank you for the update.

[@StreamlineFinancial]

My pleasure.

[@robertbeacham4314]

Whatever raise we get, Medicare will get, plus some!

[@Mary-ui4im]

Thanks for giving me hope as I live on Social Security only.

[@StreamlineFinancial]

Best of luck!

[@Jonesmatsunaga]

It’s about time, given how inflation has been hitting us. Every little bit helps, but I’m not sure it’s enough to cover all the rising costs.

[@captainmoretokin2172]

I'll believe it when i see it. Just like those stimulus checks that i didn't get. My SS has been the same amount since i started receiving it 5 years ago. Maybe some get it, but i dont. I watch these type of video's whenever i'm board . Like right now. You do make it sound more believable than the other youtubers that i have watched though. Good job.

[@michaelg8947]

Appreciate that you chose not to bury the lede.

[@fredcarter8382]

Great info on all points Dave

[@susanhawkins9122]

I just got my email about the increase.Im now getting less than i was in 2024.Unbelievable.

[@cherylcampbell7495]

My bills went up by $50.00 already. Last year they waited at least until November.

[@elmasmith4525]

Hope the checks will be twice a month ! If once a month , it’s a long wait!

[@gli7utubeo]

Thanks for the history.

[@floccinaucinihilipilifications]

Thank you!

[@engineerfalde]

You get the like button for not waiting around :) not that I even needed to know what the SS increase number is :D

[@StreamlineFinancial]

Thank you!

[@TheRemyRomano]

We do appreciate you getting to the meat of the video quickly. TikTok has greatly reduced my attention span these days.

[@StreamlineFinancial]

lol. I hear you!

[@jrtmanmd]

To help the SS solvency, they (congress) need to pay back the money that they stole from the SS fund! 😠

[@cjimcook]

@Streamline Financial - So what did that woman have in her conservative bucket that returned 3%? A common plan is to put several years of withdrawals in the conservative bucket in case they need to ride out a bad market. The choice is usually bonds. However, in the last several years, bonds performed just as badly as the stock market, making this strategy a failure.

[@jeffreyhall5033]

Not a fixed annuity. those are only with indexed or variable annuities.

[@greggbixel8912]

How is the 3 bucket strategy any different than having a variety of mutual funds that spread risk? As long as you have funds that don’t overlap much. You can cash them out whenever you want.

[@sharktoothdiver]

Now they say it's only 2.5% !!!!

[@markbajek2541]

$46 a month will buy you a $1 egg mc muffin per day while they are on promo via the mc donalds app. or a $1 large soft drink , large coffee or large iced coffee depending on the taxes. Or easily cover your $3 whopper on Whopper wednesday. Heck you might even just have enough to get your daily egg mc muffin and 4 $3 whoppers per month.

[@mommaoinnh2674]

My annuity stops interest if I start taking monthly payments. So don’t do an annuity!

[@kriegermichael7265]

You get .0001 per cent of the true inflation rate anything u buy is not in the calculation

[@Benjaminarmstrong684]

Your videos were great!! I am one of your viewers and have been watching your videos lately. I would like to invest, but I still can't find the right investment to commit to. I will appreciate any help here.

[@Rune-Eriksen225]

I'm new to trading, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.

[@cherylcampbell7495]

Annuities pay a whole 2% a year. What a joke. And too many fees ML

[@Tryp-j9d]

End of the year? Um…NO!!! The increase WILL be known by OCTOBER 11th!!!

[@yvonrinchere6868]

Government state of Florida deduction $174 dollar every month from my social security check for medical Insurance😭😭😭😭

[@youngtimer964]

The lower, the better. It means that inflation is less.

[@isabeltorres269]

Thank you Dave , very helpful video .