As the end of the year approaches, it’s a good time to assess your financial situation and plan for 2025. Social Security benefits are set to increase by 2.5% in the new year, but Medicare Part B costs are also rising. The Social Security Administration will be sending out letters detailing these changes, so make sure to review your finances and make any necessary adjustments. Consider joining the gig economy, renting out a room, downsizing, or changing your Medicare coverage to save money. Medicare open enrollment ends on Dec. 7, so act now to secure your financial future.

Read more at Nasdaq: If You’re on Social Security, Do This Before Dec. 31