High inflation is going to lead to a significant Social Security Cost of Living Increase in 2022. How much of an increase can you expect, and how does this impact the Social Security system? We tackle these questions and more in this week’s post.
Will the Social Security Cost of Living Adjustment keep up with inflation in 2021? Our estimate is that the cost of living adjustment in 2021 will be one of the highest in recent decades.
Should I count on Social Security in retirement? YES. This week, we look at how important Social Security is to your retirement plan, and answer the question “what happens if the Trust Fund runs out of money?”
STEPHEN SMALENBERGER, EA This is a topic that becomes important especially when someone is considering retirement or is already retired. When does it make the most sense to start collecting? That really depends upon your specific situation. In order to start receiving the full value of the benefits that you’ve accumulated over your working career,…