Tag Archives: social security
Social Security Benefits Increase 8.7%, Highest Increase Since ‘81
The Social Security Administration (SSA) announced on Thursday that social security benefits will jump to 8.7% for 2023, which would be the largest increase in over 30 years. This comes at a time when inflation has been rising at astounding … Continue reading
Retirees Can Expect a Larger Social Security Check in 2023. Now For the Bad News
The rising rates of inflation that are sweeping the country over the summer are expected to increase the 2023 Social Security cost of living adjustment, A.K.A. “COLA.” The percentage increase (8.7%) is the largest one in 40 years, … Continue reading
How to Inflation-Proof a Retirement Portfolio
Statistics indicate that the average life expectancy is longer than it used to be, but empirically we see this every day among elderly people who have lived much longer than they probably expected. This phenomenon spotlights a particular component of … Continue reading
New Proposals for Government Programs
The Tax Cuts and Jobs Act delivered a wealth of benefits for taxpayers at every income level, but none more so than for the very rich. The net result of huge tax breaks for both high-income and corporate taxpayers is … Continue reading
Common Money Mistakes As We Age
It is common knowledge that as we grow old, our bodies tend to not work as well. Some folks begin having physical challenges, some have cognitive issues and some have both. But what we don’t know is which, if any, … Continue reading
2017 Social Security Changes
A HIGHER TAX CAP AND OTHER BIG CHANGES IN STORE FOR SOCIAL SECURITY IN 2017
The Social Security Administration (“SSA”), in its annual mid-October press release, announced some important changes to America’s most important social program for 2017, not the … Continue reading
10 Smart Facts About Social Security
1. If you wait until full retirement age to claim Social Security, you are entitled to full benefits.
- If born between 1943 and 1954, full retirement is age 66
- If born between 1955 and 1959, full retirement gradually climbs to