SOCIAL SECURITY BENEFITS GET A 5.9% COST OF LIVING ADJUSTMENT INCREASE FOR 2022
- Social Security beneficiaries will receive a 5.9% boost to their benefits starting this month.
- The increase marks the highest annual cost-of-living adjustment in decades.
- Here’s when you can expect to see your bigger checks and answers to other questions.
Social Security benefits are poised to get the largest annual increase in decades. Here’s what beneficiaries can expect when those checks start this month.
The 5.9% Social Security increase takes effect this month. CNBC has information about what to expect.
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At Beacon Capital Management, we believe having peace of mind in retirement, requires considering all of your options, and creating a plan. If you like this article, check out the Beacon Retirement Strategies Podcast, where we talk to some of the sharpest and most professional financial advisors in Nashville. We understand that retirement planning can feel complicated and overwhelming, so we take a few moments to break down some of the more complex parts of retirement so you can have a better understanding of how they apply to you.
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