As 2025 approaches, understanding the nuances of Social Security retirement benefits becomes crucial. While the minimum age to apply remains 62, the decision to retire early or delay can impact your financial future.

Additionally, President Trump last month pushed Congress to approve a "big, beautiful" tax and spending bill that fulfills several other campaign promises. "In the coming weeks and months, we will pass the largest tax cuts in American history — and that will include no tax on tips, no tax on Social Security, and no tax on overtime," he said.