by Asset Strategy | Nov 15, 2022 | Financial Planning, Retirement Planning, Social Security
Social Security is a critical component of the retirement financial strategy for many Americans, so before you begin taking it, you should consider three important questions. The answers may affect whether you make the most of this retirement income source. When to...
by Asset Strategy | Nov 9, 2022 | Barron's, Retirement, Social Security
Barron’s Seniors stressed out about high prices for food, fuel and healthcare will notice they have more purchasing power in January, when Social Security checks go up 8.7%. But if the U.S. slips into a recession within the next year, as most economists predict,...
by Asset Strategy | Oct 12, 2022 | Retirement, Retirement Planning, Social Security, Wall Street Journal
The Wall Street Journal What is a Social Security cost-of-living increase? The Social Security Administration has adjusted benefits payments annually for inflation since 1975 to ensure the approximately 70 million retirees and disabled people who receive Social...
by Asset Strategy | Apr 4, 2022 | Financial Planning, Retirement Planning, Social Security
Social Security recipients will see a 5.9% increase in 2022 – the largest increase since 1982! This means that the average recipient will see a $92 a month raise starting next year.[1] While this is good news, it’s important to consider what this high Social Security...
by Asset Strategy | Mar 21, 2022 | Financial Planning, Healthcare & Medicare, Social Security, Taxes & Tax Planning
The Social Security trust fund is now expected to be depleted by 2034, according to a recent report from the Social Security and Medicare trustees.[1] That’s one year earlier than they reported last year, and the pandemic is to blame. Less was collected in payroll...
