3 Big Social Security Changes Taking Effect in 2024 That Retirees Must Know

3 Big Social Security Changes Taking Effect in 2024 That Retirees Must Know

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KEY POINTS

  • Social Security benefits will get a modest cost-of-living adjustment in 2024, such that the average retired worker will receive an extra $59 per month.
  • The maximum retired worker benefit for new beneficiaries will increase next year, reaching $4,873 per month for individuals who claim at age 70.
  • The income limits for workers receiving Social Security retirement benefits will rise in 2024.

Read more at The Motley Fool

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