Exciting News for Retired Veterans : 2025 Social Security COLA INCREASE!!

[Music] attention retired veterans we have some exciting news to share with you today get ready for some good news that will positively impact your lives a significant increase in Social Security benefits is on the horizon and it's coming soon this means more money in your pocket giving you greater Financial Freedom and security it's something to look forward to especially with prices going up everywhere from groceries to healthcare this increase is designed to help you keep up with the rising cost of living ensuring you can Main maintain your standard of living it's a sign that you're valued and that your needs are being heard by those in charge we know you've worked hard for our country and this is a small way to show our appreciation for your service and dedication you deserve to enjoy your retirement years without Financial worries and this increase will help make that possible this boost to your Social Security benefits is a step in the right direction providing you with the support you need stay tuned for more details we will keep you updated with all the information you need to know about this exciting development make sure to check your mail and stay informed through Community meetings and announcements you can also visit the Social Security website or call their help line for more information celebrate this good news with your loved ones and look forward to a more secure and comfortable future remember this increase is just one of the many ways we are working to support you and ensure your well-being good news is indeed coming and we are thrilled to share it with you thank you for your service and enjoy the benefits you have earned for many retired veterans Social Security is more than just a benefit it's a Lifeline it provides essential income to cover basic needs like housing Food and Health Care these are the cornerstones of a comfortable and dignified retirement you've served our country with honor and dedication now Social Security is here to serve you it provides a safety net ensuring you have the financial stability you deserve after years of service Social Security recognizes the sacrifices you made it's a testament to our nation's commitment to taking care of its veterans mark your calendars the Social Security Administration is set to announce the cost of living adjustment for 2025 in October this announcement is eagerly awaited by millions of Americans especially our veterans Cola is designed to protect your purchasing power as prices rise so too will your Social Security benefits this ensures your income keeps paying with the cost of goods and services while the exact percentage increase won't be revealed until October experts predict it will be significant this is welcome news for veterans who rely on Social Security to make ends meet you might be wondering how this cost of living adjustment is determined it's a straightforward process based on a measure called the Consumer Price Index for urban wage earners and clerical workers or CPI W the CPI W tracks the average change in prices paid PA by Urban consumers for a basket of goods and services this basket includes everyday items like food housing transportation and Healthcare by law the Social Security Administration uses the CPI W to calculate the annual cola if the CPI W goes up your Social Security benefits go up too it's as simple as that section five a look back recent year Social Security increases in recent years we've seen positive Trends in Social security Cola adjustments these adjustments have helped veterans maintain their purchasing power in the face of rising costs for example in 2023 Social Security benefits saw a substantial increase of 88.7% this was the largest increase in decades providing much needed relief to Veterans and their families while the exact percentage for 2025 is yet to be determined experts predict another notable increase this reflects a commitment to ensuring the financial well-being of our veterans section six understanding the numbers CPI W and your wallet you might be wondering how the CPI W translates into real dollars in your pocket let's break it down with a simple example let's say you receive $1,500 per month in Social Security benefits if the CPI W increases by 3% your monthly benefit would increase by $45 that's an extra $540 per year while these numbers may seem small they can make a big difference in your budget every dollar counts especially in [Music] retirement section s the senior citizens league fighting for your benefits did you know there are organizations dedicated to protecting your Social Security benefits these organizations work behind the scenes to ensure that your hard-earned benefits are safeguarded and that you receive the support you deserve during your retirement years one such organization is the senior citizens League or tscl founded with with the mission to protect and defend the rights of senior citizens tscl has been a steadfast advocate for retirees Across the Nation tscl is a nonprofit nonpartisan organization that advocates for the rights and interests of seniors their dedicated Team Works around the clock to ensure that the voices of seniors are heard in the halls of Congress and Beyond they work tirelessly to ensure Social Security remains strong and continues to meet the needs of retirees through Grassroots efforts tscl mobilizes senior to take action whether it's through signing petitions attending rallies or contacting their representatives tscl plays a vital role in educating lawmakers and the public about the importance of social security they provide valuable information and resources to help seniors understand their benefits and navigate the complexities of the Social Security System they fight to protect your benefits from cuts and ensure you receive the full amount you deserve by staying informed and involved you can join tscl in their mission to to safeguard the Financial Security of all seniors together we can make a difference and ensure that Social Security remains a reliable source of support for generations to come Section 8 planning for the future making your money last while the upcoming Social Security increase is good news it's always wise to plan for your financial future this increase can provide some relief but it shouldn't be the only strategy you rely on a comprehensive plan ensures that you can enjoy your retirement without Financial stress here are a few tips to help you make the most of your retirement income one create a budget a well-thought outout budget is the foundation of financial stability it helps you understand your financial situation and make informed decisions track your income and expenses to see where your money is going this will help you identify areas where you can cut back and save more regularly reviewing your budget ensures you stay on track and adjust as needed two explore additional income streams diversifying your income can provide a financial cushion look into part-time work or hobbies that can generate extra income this not only boosts your finances but also keeps you engaged and active consider part-time work or hobbies that can generate extra income whether it's woodworking knitting or gardening turning your passions into profit can be both rewarding and financially beneficial three manage debt wisely highin debt can quickly erode your savings focus on paying down these debt to free up more cash flow this will give you more financial flexibility and reduce stress and fourth consult a financial adviser a professional can help you navigate the complexities of retirement planning they can provide personalized advice tailored to your unique situation helping you make the most of your resources seek professional guidance to create a personalized retirement plan this ensures that all aspects of your financial future are considered from Investments to healthare costs giving you p of Mind as you enjoy your retirement years section nine resources for veterans getting the support you deserve as a veteran you have access to a wealth of resources designed to support your well-being including Financial Wellness here are a few key resources to keep in mind first the Department of Veterans Affairs or VA the VA offers a wide range of benefits and services including financial assistance programs second veteran service organizations or vsos vsos Provide support and advocacy for veterans including help with Benefits claims and third Military One Source this website offers comprehensive information and resources for military personnel and their families including Financial counseling section 10 a bright Outlook Financial Security and retirement the upcoming Social Security increase is a positive step towards ensuring the Financial Security of our veterans it's it's a reminder that your service is valued and that your needs are being met as you navigate your retirement years remember that you're not alone there are resources available to support you every step of the way with careful planning and access to the right support you can enjoy a comfortable and fulfilling retirement section 11 enjoying your golden years peace of mind for veterans retirement is a time to reap the rewards of your hard work and dedication it's a time to pursue your passions spend time with loved ones and create lasting Memories the upcoming Social Security increase is designed to provide you with the financial peace of mind you deserve it's a small token of appreciation for your service and sacrifice so relax enjoy your retirement and know that your financial well-being is a top priority thank you for your service we hope this video has provided you with valuable insights and a sense of reassurance about your financial future as we continue to advocate for your benefits and well-being we invite you to join our community if you found this information helpful please subscribe to our Channel and give us a thumbs up together we can stay informed and support one another thank you for watching and here's to a brighter more secure future for all our veterans as we celebrate your service in deda stay strong stay informed and stay United see you in the next video as we close let's take a moment to honor the courage and dedication of our veterans their unwavering commitment to our nation has paved the way for the freedoms we cherish today on this special day we celebrate not just our independence but the Valor and sacrifices of those who have served thank you for your service thank you for your dedication and thank you for being a part of our community together we will continue to stand strong support one another and ensure a brighter future for all happy celebrations and may the spirit of freedom and unity always guide us see you in the next video