Social Security benefits will arguably lose buying power next year because the 2.5% COLA understates inflation.

The House is expected to try to pass a Social Security-related bill this week to ensure benefits for workers who are also eligible for other pensions, despite a surprise move by hard-right Freedom Caucus leaders to derail the effort.

A good rule of thumb to figure out your retirement savings needs is to come up with an annual income you expect to need, subtract your annual Social Security benefit, and then multiply the remaining number by 25.

Social Security benefits are eligible for an increase in 2025. The average monthly benefit is expected to rise by about $50. Since the cost of Medicare Part B is going up, retirees who are enrolled in both programs won't see that raise in full.

It’s a quick turnaround to salvage what had been a bipartisan effort to pass the bill during what’s now the lame-duck post-election period of the Congress.