What Social Security Isn’t Telling You, Ep #150

<p>Social Security isn’t likely intentionally misleading us but they <em>are</em> leaving out some details that every person contemplating retirement <em>needs</em> to know. Social Security announced the cost of living adjustment for 2024: 3.2%. This will go into effect 1/1/2024. However, your benefit won’t likely go up the full 3.2%. Why? I’ll share the answer in this episode of Retirement Made Easy. </p> <h2>You will want to hear this episode if you are interested in...</h2> <ul> <li>[1:48] Check out RetirementMadeEasyPodcast.com!</li> <li>[2:47] The cost of living adjustment and Medicare Part B</li> <li>[10:03] Social Security benefits will be cut</li> <li>[15:04] Social Security benefits won’t likely cover monthly expenses</li> </ul> <h2>Resources & People Mentioned</h2> <ul> <li><a href="https://retirementmadeeasypodcast.com/" target= "_blank" rel="noopener">3 Steps to Retirement Planning</a></li> <li><a href="https://www.bls.gov/cpi/" target="_blank" rel= "noopener">The Consumer Price Index</a></li> <li><a href="https://www.irs.gov/pub/irs-pdf/fw4v.pdf" target= "_blank" rel="noopener">Voluntary Withholding Request</a></li> <li><a href= "https://www.marketwatch.com/story/social-securitys-cola-will-rise-3-2-in-2024-vs-8-7-in-2023-b7fc6ad7#:~:text=The%20cost%2Dof%2Dliving%20adjustment,%2460%20a%20month%20for%20recipients." target="_blank" rel="noopener">Social Security’s COLA for 2024 is 3.2%</a></li> <li><a href="https://www.ssa.gov/" target="_blank" rel= "noopener">SSA.gov</a></li> </ul> <h2>Connect With Gregg Gonzalez</h2> <ul> <li>Email at: <a href="mailto:Greg@retirestl.com" target= "_blank" rel="noopener">Gregg@RetireSTL.com</a> </li> <li>Podcast: <a href="https://retirementmadeeasypodcast.com/" target="_blank" rel= "noopener">https://RetirementMadeEasyPodcast.com</a></li> <li>Website: <a href="https://stlouisfinancialadvisor.com" target="_blank" rel= "noopener">https://StLouisFinancialAdvisor.com</a></li> <li>Follow Gregg <a href= "https://www.linkedin.com/in/gregggonzalez/" target="_blank" rel= "noopen