Will you take Social Security in 2025? Better know your official full retirement age
Usa Today - Dec 18th, 2024
The article discusses changes to the Social Security benefit program's 'full retirement age,' which has gradually increased from 65 to 67 for those born in 1960 or later, as established by legislation in 1983. Individuals can begin collecting Social Security at age 62, but delaying benefits increases the monthly amount by 8% annually until age 70. The decision of when to claim Social Security benefits is personal and depends on various factors, including current employment, health, and family history. In 2025, a 2.5% Cost of Living Adjustment (COLA) will increase Social Security benefits to keep up with inflation. The article also notes that while there's no current plan to further increase the full retirement age, it could be considered in the future due to financial deficits in the system.
RATING
The article provides a comprehensive overview of Social Security retirement ages and benefits, offering a factual and clear presentation of the information. While it is accurate and clear, the article could improve by including a broader range of perspectives and more explicit source citations.
RATING DETAILS
The article is accurate in its presentation of Social Security retirement ages and benefits. The information aligns with the Social Security Administration's guidelines and is presented clearly. However, it could benefit from direct citations or references to specific official documents or sources for verification.
The article presents a factual overview but lacks multiple perspectives. Including opinions from different experts or stakeholders on the implications of the retirement age changes could enhance balance.
The article is well-structured and clearly explains Social Security concepts without using emotive language. It effectively communicates complex information in an understandable manner, though it occasionally mixes promotional content, which could be distracting.
The article references statements from credible sources such as Joel Eskovitz and Gal Wettstein, but it doesn't clearly attribute the sources of its data and statistics, such as the maximum benefit amounts. Explicit citations would improve the perceived reliability.
The article is transparent in discussing the implications of retirement ages and benefits. It does not disclose any potential conflicts of interest, but it also doesn't appear to be influenced by outside interests. More explicit sourcing could improve transparency.