by Asset Strategy | May 17, 2023 | Investopedia, Social Security
Every October, the U.S. Social Security Administration (SSA) announces its annual changes to the Social Security program for the following year. For 2023, the changes consist of an 8.7% cost-of-living adjustment (COLA) to the monthly benefit amount, an increase in the...
by Asset Strategy | Apr 12, 2023 | Barron's, Social Security
Just because you worry that the government will cut Social Security benefits doesn’t mean you should collect it early. In a recent article discussing life expectancies, I wrote that readers should wait as long as possible before filing for their Social Security...
by Asset Strategy | Mar 20, 2023 | Social Security
Social Security planning is a crucial element in income stability during your retirement years. However, many people don’t understand how Social Security really works. As you near retirement, the decisions you make could have a significant impact on the amount...
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...
