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What the High Social Security COLA Could Mean for Your Retirement Finances

What the High Social Security COLA Could Mean for Your Retirement Finances

Nov 1, 2021 | Social Security

Social Security recipients will see a 5.9% increase in 2022 – the largest increase since 1982! This means that the average recipient will see a $92 a month raise starting next year.[1] While this is good news, it’s important to consider what this high Social...
Examining the Future of Social Security, Medicare, and Your Taxes

Examining the Future of Social Security, Medicare, and Your Taxes

Sep 20, 2021 | Medicare, Social Security, Taxes

The Social Security trust fund is now expected to be depleted by 2034, according to a recent report from the Social Security and Medicare trustees.[1] That’s one year earlier than they reported last year, and the pandemic is to blame. Less was collected in payroll...
How Will Social Security Respond to Higher Inflation?

How Will Social Security Respond to Higher Inflation?

Aug 9, 2021 | Economy, Social Security

Inflation is on the rise, and Federal Reserve Chairman Jerome Powell recently testified to Congress regarding the Federal Reserve’s commitment to controlling inflation. He admitted that inflation is “well above target” but didn’t indicate any major changes in Fed...

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