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Social Security Uncertainty and Policy Changes Are Driving More People to File

  • In March 2025, applications for retirement benefits increased by 16% compared to the previous year, marking an unusual rise during a period that normally experiences fewer claims.
  • This increase followed the January 2025 Social Security Fairness Act, which raised benefits for nearly 3 million people, prompting unexpected higher filings.
  • April Reed, co-CEO of Reed Financial Group, said frequent questions involve Social Security's longevity and potential benefit cuts amid growing public uncertainty.
  • Reed explained that determining the optimal timing to apply for Social Security benefits varies by individual and cannot be generalized with a single rule.
  • This surge and uncertainty suggest many individuals are accelerating claims, while projected funding shortfalls by 2035 raise concerns about future benefits.
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KYMA broke the news in on Tuesday, May 20, 2025.
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