Three Part Series On Social Security: Part Two
“The Social Security shopping mall has 81 stores for married couples.” I can’t take credit for this quote – but I love it. It’s a clever way to articulate something …
Income
Three Part Series On Social Security: Part One
This is the first in a three-part series on Social Security. Look for part two on spousal benefits in the July Retirement Report and part three on how working impacts …
Why It’s Going to be a Great Year
2022 was a good year. I’m serious. I know, I know. There was a market correction, interest rates pushed borrowing costs to levels we haven’t seen since 2008, and inflation …
Retiring With a Pension? Interest Rates are Impacting Your Lump Sum
Attention pension plan owners! This information is for you. As interest rates are rising, pension plan lump sum payouts are decreasing. Have you run your calculations lately? You may have noticed …
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Retirees to Receive Historic Social Security Pay Raise
Social Security beneficiaries are getting a historic benefit increase. The Social Security Administration announced today that they will receive an 8.7% cost-of-living adjustment (COLA) starting in 2023. The average Social …
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A Look at the History of Social Security as COLA Bump Nears
Any day now, retirees should find out what their Social Security raise will be for 2023. Experts are predicting the highest Cost of Living Adjustment (COLA) in 40 years, thanks …
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Possible Social Security Changes for 2023
Another big cost-of-living adjustment (COLA) could be coming for Social Security recipients in 2023. Social Security Administration officials recently confirmed that the increase would be “closer to 8%.” This would …