Good news for clients taking monthly Social Security retirement benefits! Next year, starting in January 2023, the Social Security Administration says you’ll receive an 8.7% cost-of-living benefit increase, or more than $140 per month for the average Social Security recipient, to help offset the effects of inflation. That will be the biggest cost of living […]
Tag Archives | Social Security
Quote Of The Week: Don’t Rush To Claim Social Security Out Of Fear
“At a time when more Americans rely on Social Security than at any other time in the program’s 86-year history, political brinkmanship and alarmist headlines are undermining public faith in the nation’s bedrock retirement system. Those concerns are tempting some people to grab their benefits as soon as they can.” “But claiming Social Security benefits early out […]
Ask Mari: Will Switching To Part-Time Work Hurt My Social Security Benefits?
One of our clients asked a great question that other day as we met to discuss retirement plans with her and her husband. At age 60, she is not yet old enough to start claiming her Social Security benefits (that starts at age 62). But she wanted to know if switching from full-time to part-time […]
Claim Your Social Security Account Before Hackers Do It For You
Imagine that you’re finally ready to claim your retirement benefits and contact the Social Security Administration, only to find out that someone has been claiming your hard-earned benefits for years, and directing those monthly checks to a bank you’ve never heard of. It can happen. Social Security is asking more American workers to request benefits […]
About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ has helped hundreds of individuals and families build wealth and plan for a more secure financial future for over 30 years. Her advice has appeared in publications such as Wall Street Journal, Kiplinger’s, Money Magazine, Business Week, and CBS MarketWatch.
