When you think of Berkshire Hathaway, the first name that comes to mind is Warren Buffett. He’s not just one of the most successful investors in history – he’s also one of the most recognised names in the financial world. But with age catching up – Warren Buffett is now 94 years old – the spotlight is slowly shifting to his successor: Greg Abel.

If you’ve never heard of Gregory Abel, you’re not alone. He’s kept a relatively low profile for someone next in line to lead one of the most powerful holding companies in the world. But don’t let the quiet demeanour fool you. Greg Abel has played a crucial role in Berkshire Hathaway’s operations for years, and by Buffett’s own admission, he’s the right man for the job.

Who is Greg Abel?

Gregory Abel, a Canadian businessman, currently serves as Vice Chairman of Berkshire Hathaway’s non-insurance operations. He’s been with the company since 2000, steadily rising through the ranks after Berkshire acquired MidAmerican Energy, which later became Berkshire Hathaway Energy. Abel was CEO of the energy division for over a decade, showing a sharp eye for managing businesses, cutting costs, and scaling operations.

His track record speaks volumes. Under his leadership, Berkshire Hathaway Energy grew into a powerhouse in renewable energy, with major investments in wind and solar. Abel’s management style and ability to oversee multiple companies without interfering too much is something Buffett himself respects deeply.

Why Greg Abel? Why Not Someone Else?

The big question for years was: who would take over after Warren Buffett? Names floated around, but Buffett settled the speculation during the 2021 annual shareholders meeting by saying it out loud – if something were to happen to him, Greg Abel would be in charge.

What’s interesting is how little drama there was around the decision. That’s classic Buffett. He doesn’t go for flash or noise. He goes for consistency, trust, and business acumen. And Greg Abel ticks every box.

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Warren Buffett’s Age and Net Worth

There’s no doubt that Warren Buffett’s time at the helm of Berkshire Hathaway is winding down. As of now, Buffett is 94 years old. But age hasn’t slowed him down mentally – he still reads for hours each day, keeping tabs on the market and staying engaged with investors.

Warren Buffett’s net worth continues to be a subject of fascination. As of 2025, his estimated net worth is around $127 billion, making him one of the wealthiest individuals in the world. Despite his immense wealth, Buffett is known for his frugal lifestyle and his massive philanthropic commitments through the Giving Pledge.

Greg Abel’s Net Worth and Future

With more eyes turning to him, people naturally want to know about Greg Abel’s net worth too. Estimates place it at around $500 million. While it’s a far cry from Buffett’s billions, it’s still a reflection of his long-standing role in leading major operations within Berkshire.

What’s notable is that Abel owns a roughly $870 million stake in Berkshire Hathaway Energy – a deal that makes it very clear he has skin in the game. This is someone invested in the company’s long-term future, not just a placeholder CEO.

From Omaha to the Future

Warren Buffett, often nicknamed the “Oracle of Omaha,” has built a financial empire based on long-term thinking, trust, and careful investments. Berkshire Hathaway owns companies across various sectors – from insurance and utilities to railroads, real estate, and food brands like Dairy Queen.

Now, as the next chapter begins, Greg Abel is expected to maintain this long-term approach. He’s not a radical thinker or a headline chaser. He understands what Buffett built, and more importantly, he respects it.

The transition won’t be about reinventing the wheel. It’ll be about keeping the flywheel turning. That’s something Abel has done exceptionally well so far.

What This Means for Investors

For investors watching this transition, there’s a sense of reassurance. Buffett has never left things to chance. Appointing Greg Abel well in advance and making it public wasn’t just a formality – it was a message. Berkshire Hathaway will remain in steady hands.

Buffett has always said he bets on people. With Greg Abel, he’s made one of the most important bets of his lifetime.

FAQs

Who is Greg Abel?

Greg Abel is the Vice Chairman of Berkshire Hathaway’s non-insurance businesses and the successor chosen by Warren Buffett to lead the company in the future.

How old is Warren Buffett in 2025?

Warren Buffett is 94 years old in 2025.

What is Warren Buffett’s net worth?

As of 2025, Warren Buffett’s net worth is estimated to be around $127 billion.

What is Greg Abel’s net worth?

Greg Abel’s estimated net worth is roughly $500 million, and he also holds a significant ownership stake in Berkshire Hathaway Energy.

Is Greg Abel officially the next CEO of Berkshire Hathaway?

While there hasn’t been a formal CEO transition yet, Warren Buffett has publicly stated that Greg Abel will take over when the time comes.

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As you plan for retirement or navigate life’s unexpected changes, Social Security remains a vital resource for millions of Americans, offering financial stability through retirement, disability, and social security survivor benefits. In 2025, updates like the maximum social security benefit 2025, the 2025 social security tax limit, and the social security benefits in 2025 payment schedule bring new opportunities and considerations. Whether you’re curious about when can you collect social security, need to access your social security log in, or want to understand the average social security check at age 65, this in-depth guide provides clear, actionable insights to help you make informed decisions and maximize your benefits.

What Are Social Security Survivor Benefits?

Social security survivor benefits provide critical financial support to family members after the death of a loved one who was eligible for Social Security. These benefits can be a lifeline for surviving spouses, children, and even dependent parents. Here’s how they work:

• Surviving spouses: Eligible at age 60 (or 50 if disabled), receiving 71.5% to 100% of the deceased’s benefit based on their age and circumstances.
• Children: Unmarried children under 18 (or 19 if still in high school) can receive up to 75% of the deceased’s benefit.
• Dependent parents: Parents aged 62 or older who relied on the deceased for at least half of their support may qualify.

The total benefits a family can receive are capped by a family maximum, which varies based on the deceased’s earnings history. To explore your eligibility or estimate payments, log into your social security log in at ssa.gov/myaccount. Planning ahead can help you maximize these benefits, especially if you’re balancing other income sources.

What Is the Maximum Social Security Benefit in 2025?

The maximum social security benefit 2025 is a key figure for retirees aiming to optimize their income. In 2025, the social security max 2025 reaches $5,108 per month for those who delay claiming until age 70. Here’s a breakdown by claiming age:

• Age 62: $2,831 per month
• Full Retirement Age (FRA, typically 67): $4,018 per month
• Age 70: $5,108 per month

Achieving the maximum requires earning the social security cap on earnings 2025 – set at $176,100 – for 35 years and delaying benefits until age 70. While most retirees won’t reach this cap, understanding your potential benefit is crucial for retirement planning. Use the social security log in portal to check your earnings record and estimate your future payments.

Factors That Affect Your Benefit Amount

Your Social Security benefit is calculated based on your highest 35 years of earnings, adjusted for inflation. If you have fewer than 35 years of work, zeros are factored in, lowering your benefit. Additionally, claiming before your FRA reduces your monthly payment, while delaying past FRA increases it by 8% per year up to age 70. Strategic timing can significantly boost your lifetime income.

When Can You Collect Social Security?

One of the most common questions is, “when can you collect social security?” You can start receiving benefits as early as age 62, but doing so reduces your monthly payment by up to 30% compared to your FRA. Your FRA depends on your birth year:

• Born 1959: FRA is 66 years and 10 months
• Born 1960 or later: FRA is 67

Waiting until FRA ensures you receive your full benefit, and delaying until age 70 maximizes your monthly payment. For personalized estimates, access your social security log in at ssa.gov to review your earnings history and projected benefits.

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What’s the Average Social Security Check at Age 65?

The average social security check at age 65 in 2025 is projected to be around $1,976 per month, reflecting a 2.5% cost-of-living adjustment (COLA) from $1,927 in 2024. For married couples, the average combined benefit is approximately $3,089 per month. These figures vary based on your earnings history, years worked, and claiming age. For example, higher earners who delay claiming may receive significantly more, while those with lower lifetime earnings may receive less.

The COLA helps benefits keep pace with inflation, ensuring your purchasing power remains stable. To see how your benefit stacks up, check your social security log in for a detailed breakdown.

Understanding the 2025 Social Security Tax Limit

The 2025 social security tax limit is $176,100, up from $168,600 in 2024. This cap represents the maximum income subject to the 6.2% Social Security payroll tax (12.4% for self-employed individuals). Once your earnings exceed this amount, no further Social Security taxes are withheld for the year.

If you’re working while collecting benefits before FRA, the social security cap on earnings 2025 also applies. In 2025, you can earn up to $23,400 annually ($62,160 in the year you reach FRA) without reducing your benefits. Earnings above these limits trigger temporary benefit reductions, but these are recalculated to increase your payments once you reach FRA.

Are Social Security Benefits Taxable?

Are social security benefits taxable? Yes, depending on your total income. The IRS uses your “combined income” (adjusted gross income + nontaxable interest + half of your Social Security benefits) to determine taxability:

• Individuals:
  • $25,000–$34,000: Up to 50% of benefits may be taxable
  • Over $34,000: Up to 85% of benefits may be taxable
• Married couples filing jointly:
  • $32,000–$44,000: Up to 50% of benefits may be taxable
  • Over $44,000: Up to 85% of benefits may be taxable

Planning withdrawals from retirement accounts or other income sources can help minimize taxes on your benefits. Consult a tax professional for tailored advice.

How to Get a Replacement Social Security Card

If you’ve lost your Social Security card, you may be wondering, “what do I need to get a replacement social security card?” Here’s what you’ll need:

• Proof of identity: A driver’s license, passport, or other government-issued ID.
• Proof of citizenship: A U.S. birth certificate or passport (for U.S. citizens).
• Proof of name change (if applicable): A marriage certificate, divorce decree, or court order.

You can apply for a replacement card online through your social security log in at ssa.gov or visit a local Social Security office. The process is free for most adults, with a limit of three replacement cards per year and ten per lifetime. Ensure your documents are originals or certified copies, as photocopies are not accepted.

Social Security Benefits in 2025 Payment Schedule

The social security benefits in 2025 payment schedule is designed for predictability. Payments are deposited via social security group 1 direct deposit on the second, third, or fourth Wednesday of each month, based on your birth date:

• Born 1st–10th: Second Wednesday
• Born 11th–20th: Third Wednesday
• Born 21st–31st: Fourth Wednesday

For example, if your birthday is on the 15th, expect your payment on the third Wednesday of each month. To set up or update direct deposit, use your social security log in. Note that there’s no specific social security payment increase April 2025, as the 2.5% COLA is applied starting in January.

Ensuring Smooth Direct Deposit

Direct deposit is the most reliable way to receive benefits, avoiding delays from mailed checks. Link your bank account through your social security log in and verify your account details to prevent payment issues. If you’re new to Social Security, enroll in direct deposit when you apply for benefits to streamline the process.

Is Social Security Going Away?

Is social security going away? This is a common concern, but the answer is no – Social Security is not disappearing. The program faces long-term funding challenges due to an aging population and fewer workers paying into the system. However, recent reforms, like the Social Security Fairness Act, have expanded benefits for certain public workers, signaling ongoing commitment to the program.

Projections suggest the Social Security trust fund may face a shortfall by 2035 without changes, but lawmakers are exploring solutions like adjusting payroll taxes, modifying benefits, or increasing the 2025 social security tax limit. Staying informed and planning for potential adjustments can help you prepare for the future.

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Tips for Maximizing Your Social Security Benefits in 2025

Maximizing your Social Security benefits requires strategic planning. Here are practical tips to get the most out of your benefits:

• Delay claiming if possible: Waiting until age 70 can significantly increase your monthly payment, especially if you’re aiming for the maximum social security benefit 2025.
• Check your earnings record: Errors in your earnings history can lower your benefit. Review your record via your social security log in and report discrepancies promptly.
• Coordinate with your spouse: For married couples, strategies like “file and suspend” or claiming spousal benefits can boost household income.
• Minimize taxes: Manage withdrawals from retirement accounts to reduce the taxable portion of your benefits.
• Work longer if needed: Earning above the social security cap on earnings 2025 for more years can replace lower-earning years in your benefit calculation.

For complex situations, such as social security survivor benefits or disability claims, consider consulting a financial advisor or Social Security specialist.

How to Stay Informed About Social Security in 2025

Navigating Social Security doesn’t have to be daunting. The Social Security Administration (SSA) offers robust online tools to keep you informed. Create a social security log in at ssa.gov/myaccount to:

• Estimate your future benefits
• Review your earnings history
• Manage direct deposit for social security group 1 direct deposit
• Apply for a replacement Social Security card

The SSA website also provides calculators, FAQs, and updates on changes like the 2025 social security tax limit or social security benefits in 2025 payment schedule. For personalized guidance, schedule an appointment with a local SSA office or work with a financial planner to align your Social Security strategy with your retirement goals.

Why Social Security Matters in 2025

Social Security remains a vital safety net, supporting over 67 million Americans in 2025. With the social security max 2025 reaching $5,108 for those who delay until 70, and the average social security check at age 65 at $1,976, the program offers meaningful financial stability. However, changes like the 2025 social security tax limit and ongoing discussions about solvency highlight the importance of proactive planning.

Whether you’re nearing retirement, supporting a family with social security survivor benefits, or replacing a lost card, understanding the system empowers you to make informed decisions. Stay engaged, use your social security log in to access personalized data, and take control of your financial future.

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Best Mutual Funds for 2025

Investing in mutual funds can be one of the easiest and most effective ways to grow your wealth. Whether you’re planning for retirement, aiming for growth, or just starting your investment journey, choosing the best mutual funds for 2025 can help you maximize returns while aligning with your financial goals and risk appetite.

With thousands of mutual funds available in the US, though, you’re probably wondering, “Which ones should I choose in 2025?” This guide is here to help. Not only will we explain how to evaluate funds, but we’ll also provide tailored recommendations for different types of investors. Think of this as your roadmap to confident and smart investing.

Why Choosing the Right Mutual Funds in 2025 Matters

Mutual funds are a popular choice because they’re convenient, diversified, and professionally managed. Picking the right ones is key to achieving your financial goals. Here’s why it’s worth getting it right:

• Mutual funds help balance growth and stability, often delivering stronger long-term returns than savings accounts.
• Tax-advantaged funds, like retirement-specific options or municipal bond funds, can reduce the taxes you pay on earnings.
• They allow you to tap into expert fund management, so you don’t have to pick individual stocks or bonds.

But your success largely depends on two things:

1. Matching funds to your personal goals.
2. Picking funds likely to perform well based on market trends.

Here’s how to get started.

Factors to Consider Before Choosing Mutual Funds

Before you invest, spend a moment considering these factors. Matching the right funds to your specific goals and situation will help you avoid unnecessary risk and set a strong foundation.

1. Your Investment Goals

Think about why you’re investing.

• For short-term goals (saving for a home down payment, a car, or a vacation), bond funds or balanced funds might be preferable.
• For long-term goals (retirement planning, funding your child’s education), stock-focused funds (equity funds) with growth potential are often the better choice.

2. Risk Tolerance

Understanding how much risk you’re comfortable with will guide your choices.

• If you’re risk-averse, consider large-cap funds or bond funds for their stability.
• If you can handle a bit more risk, mid-cap or balanced funds can provide growth with less volatility.
• Are you ready for higher risk? Small-cap funds, sectoral funds, or thematic funds could bring higher long-term returns.

3. Fund Performance History

Focus on funds with a proven track record. Look at 5- and 10-year performance data to see how it weathered different market conditions. Avoid funds with consistently subpar returns.

4. Expense Ratios

A fund’s expense ratio (the percentage of your invested money that goes to administrative fees) can eat into your returns over time. Lower ratios mean more of your money stays invested.

5. Tax Implications

If minimizing taxes is a priority, look for tax-managed mutual funds or retirement-specific funds like those eligible for your 401(k) or IRA. Municipal bond funds can also provide tax advantages, as their interest is often exempt from federal income tax.

6. The Fund Manager’s Expertise

A good fund manager can make a noticeable difference. Research the manager’s track record and style. Are they consistently beating benchmarks, or do their funds tend to lag?

By carefully evaluating these factors, you’ll be better equipped to choose the funds that meet your goals, fit your risk profile, and maximize potential returns.

Best Mutual Funds for 2025 (Categorized by Investor Type)

To help you narrow down your choices, here’s a list of some of the best mutual funds for 2025, organized by investor needs. These recommendations are aligned with market outlooks in the US and designed to suit various profiles.

1. For Low-Risk Investors & Retirees

Prioritizing safety and steady returns? These funds are for you:

• Best Large-Cap Mutual Funds
  • Vanguard 500 Index Fund (VFIAX)
  • Fidelity 500 Index Fund (FXAIX)
• Best Bond Funds
  • Vanguard Total Bond Market Index Fund (VBTLX)
  • Schwab US Aggregate Bond Index Fund (SWAGX)
• Best Balanced Funds
  • Vanguard Wellesley Income Fund (VWIAX)

2. For Medium-Risk Investors & Wealth Builders

Looking for a balance of growth and stability? Try these options:

• Best Mid-Cap Mutual Funds
  • Fidelity Mid Cap Index Fund (FSMDX)
  • T. Rowe Price Mid-Cap Growth Fund (RPMGX)
• Best Multi-Cap Mutual Funds
  • Vanguard Total Stock Market Index Fund (VTSAX)
  • T. Rowe Price Capital Appreciation Fund (PRWCX)
• Best Index Funds & ETFs (Exchange-Traded Funds)
  • Schwab Total Stock Market Index Fund (SWTSX)
  • iShares Core S&P Total U.S. Stock Market ETF (ITOT)

3. For High-Risk Investors & Aggressive Growth Seekers

Want maximum growth potential and can stomach the risks? Consider these:

• Best Small-Cap Mutual Funds
  • Vanguard Small Cap Index Fund (VSMAX)
  • Fidelity Small Cap Growth Fund (FCPGX)
• Best Thematic & Sectoral Funds
  • Fidelity Select Technology Portfolio (FSPTX)
  • Vanguard Health Care Fund (VGHCX)
• Best International Mutual Funds
  • Vanguard Total International Stock Index Fund (VTIAX)
  • T. Rowe Price International Discovery Fund (PRIDX)

4. For Tax-Sensitive Investors

Reduce your tax liability while growing your wealth with these funds:

• Best Tax-Advantaged Mutual Funds
  • Vanguard Intermediate-Term Tax-Exempt Fund (VWITX)
  • T. Rowe Price Tax-Free High Yield Fund (PRFHX)

These funds cater to different scenarios and risk levels. Always align your picks with your financial goals.

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How to Invest in Mutual Funds in 2025

Once you’ve chosen your preferred mutual funds, the next step is investing. Here’s a quick guide:

Choose Your Investment Platform

Popular options for US investors include:

• Brokerage Platforms like Vanguard, Fidelity, or Charles Schwab.
• Robo-Advisors such as Betterment or Wealthfront for automated, hands-off investments.
• 401(k) Plans or IRAs for tax-advantaged retirement savings.

Decide Between SIPs or Lump-Sum Investments

• Systematic Investment Plans (SIPs): Set monthly contributions that help reduce the impact of market volatility. Great for disciplined investors.
• Lump-Sum Investments: Best for maximizing growth if you have a large amount of cash ready to invest long-term.

Review Expense Ratios Carefully

Whether you’re using a direct plan (cheaper, but you’ll need to manage the funds yourself) or a regular plan (higher fees with advisor support), always account for costs before investing.

Smart Strategies for a Strong Portfolio in 2025

To stay ahead of market fluctuations and optimize your returns, consider these strategies:

1. Diversification

Spread your investments across different asset classes and sectors to reduce risk. For example, balance large-cap, mid-cap, and bond funds.

2. Regular Rebalancing

Check your portfolio every year and rebalance your asset allocation as needed. If one fund underperforms consistently, it might be time to reevaluate.

3. Focus on Long-Term Growth

Investing isn’t about quick wins. Stay consistent, and stick to your plan. Over time, the market has historically rewarded patient investors.

Build Your Best Investment Portfolio Today

Investing in mutual funds can unlock your financial future. Start small, make thoughtful choices, and revisit your portfolio regularly. Remember, true growth happens over time. Whether you’re a cautious saver or a bold risk-taker, there are mutual funds that align with your dreams.

For more personalized advice, consider consulting a financial advisor. You deserve to feel confident and supported every step of the way. Here’s to a successful 2025 and beyond!

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