Though President-elect Donald Trump has often promised to protect Social Security, he has not explained exactly how he would save the beloved – but financially troubled – entitlement program. Nor did he take any meaningful steps to shore up Social Security during his first term in the White House.

Much of what will happen regarding retirement in Donald Trump’s second term as president depends on legislation he is able to get through Congress dealing not only with Social Security and Medicare, but also with taxes,

The CMS has released the new Medicare premiums, deductibles, and coinsurance amounts for 2025. Here’s a look at how much more you’ll pay next year.

Healthcare payments will increase in 2025 with Medicare Part B and Part A premiums rising, as well as Part A’s deductible for hospital stays, the Centers for Medicare and Medicaid Services announced.

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