From Nasdaq: 2025-04-14 06:20:00

1. Social Security checks may shrink due to several reasons, including early Medicare enrollment at 65. Most people pay a $185 monthly premium for Part B coverage in 2025, unless they are high earners. Debt obligations, such as back taxes or unpaid alimony, can also affect benefit amounts.
2. Earnings test can reduce Social Security benefits for workers under their full retirement age. You could lose $1 for every $2 earned over $23,400. Waiting to apply until retiring or reaching your FRA, or reducing work income, can help avoid this test. Recalculation at FRA could lead to larger future checks.
3. Understanding Social Security changes, like Medicare premiums, debt obligations, and the earnings test, can help you prepare for fluctuations in benefit amounts and plan for potential income adjustments in retirement.

Read more at Nasdaq: 3 Reasons Your Social Security Check Might Drop Unexpectedly