Changes to key figures for Social Security, Medicare in 2023
As retirees and workers gauge their finances for next year, here are some key changes to Social Security and Medicare to consider.
Tag: Social Security
Age milestones can trigger financial planning
Reaching certain age milestones can be significant for many different reasons, including financial planning.
Deficit projections could signal higher taxes
The federal government recently released a report on the nation’s finances, including longer-term projections for a rising deficit, which could mean higher taxes in the future. On a positive note, the Congressional Budget Office (CBO) report reflects a current decrease in the annual budget deficit for the last fiscal year. The easing of the deficit
Saving for retirement is one step, generating income is another
Saving for retirement may be challenging but planning for retirement income can be even more complex.
Key changes for Social Security in 2022
The COLA adjustment is one of several key changes for Social Security for 2022.
Retiring abroad? Five things to consider
An increasing number of Americans are looking to find better scenery and quality of life by retiring abroad.
Pandemic could reduce Social Security benefits
The pandemic is taking a broad economic toll causing many workers to earn less which could reduce Social Security benefits in the future.
What is changing in Social Security in 2018?
An increase in inflation is resulting in a cost-of-living increase in Social Security benefits in 2018, as well as adjustments to tax-exempt earning levels.
Create a roadmap for family in case of emergency
Creating instructions, much like a roadmap, can be among the most helpful item you can leave to family members trying to manage your estate.
What is the future of Social Security?
With Social Security expected to run out of reserves by 2034, reforming the entitlement program remains a priority issue for some lawmakers.