Social Security Income for Cost of Living Increase [Video]
by Michelle Smalenberger, CFP® / January 30, 2023Will your social security income cover your retirement expenses? You don’t have keep guessing! These details are vital to your retirement income plan. In this video we will discuss all the details about taxes, social security, and the COLA increase.
If you are looking for a more comprehensive article on this topic, click here!
Next Steps for Social Security Incomes
Now you know how taxes for the cost of living increase will impact you. These small and ever changing details can make or break your retirement income plan. If you still have questions that keep you guessing about social security, please reach out! We would love to bring confidence to your finances.
Ready to take the next step?
Schedule a quick call with our financial advisors.
Recommended Reading
Why Corporate Executives Need to Plan Around RMDs Now
Corporate executives in the prime of their careers might not think it’s important to think about RMDs that won’t happen until they’re in their 70s. But by not planning for future RMDs may put the executive at risk of paying unnecessarily higher income taxes in retirement. This article explains the tax risk that RMDs may...
How Will DOGE Impact the Market and Economy?
The Department of Government Efficiency “DOGE” is expected to have a significant impact on markets and the economy. For starters, it’s possible that a significant cut-back in spending will create a recession. We explore this possibility, along with other ways that DOGE could impact the U.S. budget deficit, Social Security, future tax rates, and more....
Michelle Smalenberger, CFP®
I have a passion for helping others develop a path to financial success! Through different lenses on your financial picture, I want to help create solutions with you that are thoughtful of today and the future. I have seen in my life the power of having a financial plan while making slight changes of direction from time to time. I believe you can experience freedom from anxiety and even excitement when you know your finances are on track.