Good news from Social Security in 2025 with payments of $5,108: here’s how to qualify for the maximum amount after the COLA
Over 70 million Americans will see a 2.5% boost in Social Security benefits next year. Here’s how to qualify for the maximum payout of $5,108.
Starting in 2025, over 70 million Social Security beneficiaries will receive larger payments, thanks to a 2.5% Cost of Living Adjustment (COLA). Each year, the Social Security Administration (SSA) adjusts benefits to align with inflation, ensuring recipients maintain their purchasing power. The upcoming increase, tied to 2024’s inflation data, is set to enhance monthly benefits for Social Security recipients.
How Social Security payments are calculated
The amount you receive from Social Security depends on several factors, including your work history, the taxes you’ve paid into the system, and the age at which you claim benefits.
For retirees, the age at which you file is particularly critical. While you can begin collecting Social Security as early as age 62, doing so reduces your benefits permanently. For example, those who file at the minimum age in 2024 will receive a maximum monthly payment of $2,710.
In contrast, waiting until your full retirement age (FRA, also known as NRA, or normal retirement age)—67 for anyone born after 1960—ensures you receive 100% of your entitled benefits. For 2024, this amounts to a maximum of $3,822 per month. If you’re unsure of your FRA, the SSA provides a detailed chart based on your birth year.
Delaying benefits could lead to maximum payments over $5,000
For those who wait until age 70 to claim benefits, the rewards are even greater. Delaying retirement beyond your FRA increases your monthly payments by up to 8% per year. In 2024, the maximum benefit for someone claiming at 70 is $4,873 per month.
With the 2025 COLA adjustment, that figure will rise above $5,000, reaching $5,108 for eligible beneficiaries.
Original article written by Daniela Barrera, translated with the assistance of AI and edited by Greg Heilman.
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