Social Security Changes in 2023
|

Social Security Changes in 2023

According to US News & World Report¹, Social Security payments will increase by 8.7% in 2023, the biggest Social Security cost-of-living adjustment in 40 years¹. Medicare Part B premiums will decline¹. The earnings subject to the Social Security tax will climb to $160,200¹. (1) Social Security Changes Coming in 2023 – US News & World… Continue Reading Social Security Changes in 2023

Social Security Changes For Retirees in 2019

Beneficiaries Have Received an Increase Effective January 1, Social Security beneficiaries have received a 2.8% cost of living adjustment (COLA). This cost of living adjustment is an aid to keeping in check with inflation. It is the largest increase in COLA since 2012 when the adjustment was at 1.7 and will be paid out to… Continue Reading Social Security Changes For Retirees in 2019