ACap ReCap: Financial and Tax Tips
ACap Advisors & Accountants is a boutique fee-only Wealth Management and full-service Accounting firm based in Los Angeles. We handle everything from taxes to investments to risk management and estate planning, providing comprehensive, unbiased financial advice in one location. In our ACap ReCap episodes, we discuss the latest financial news, answer the frequently received financial questions, and share financial tips with you. If you have questions or suggestions email us hello@acapam.com Find more details at https://www.acapam.com/ #financialadvisor #fiduciaryfinancialadvisor #finance #financial #money #wealthmanagement #assetmanagement #investment #tax #taxplanning
ACap ReCap: Financial and Tax Tips
Major Social Security changes are on the horizon | What they could mean for you
In this episode, we cover the most important Social Security changes for 2025 and what they could mean for your future benefits. From the official 3.2% COLA adjustment to updates in earnings limits and monthly benefit amounts, these changes may directly impact current recipients and those planning for retirement.
Here’s what you’ll learn:
– The 2025 COLA (Cost-of-Living Adjustment) and how it affects your monthly benefits
– Increased earnings limit for individuals collecting Social Security before full retirement age: now $22,300
– Updated maximum benefit for those retiring at full retirement age: now $3,900 per month
We’ll also discuss key legislative proposals:
– What’s in the Social Security Fairness Act currently under consideration in Congress
– Proposed changes to Social Security benefits under President Trump’s 2025 policy platform
These updates are critical for retirees, workers nearing retirement, and anyone who relies on Social Security benefits. Staying informed now can help you make better financial decisions for the future.
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