The big Social Security news from the last couple of months has been the 2025 COLA, which came in at 2.5%. This is under the 3.2% increase retirees saw last year. It's set to bump the average monthly check from $1,927 to $1,976, giving the typical beneficiary $588 more to spend during the year.

People entering retirement and people who receive disability payments and social security benefits will be the most impacted.

The maximum that can be earned in a year is four.From next year, you will need to earn more to receive a Social Security credit. These amounts change from year to year based on the change in the national average wage index.