In this video I want to discuss the impact of the social security cola increase for 2022 and how you can calculate the increase in your social security benefits check. Social Security is now expected to increase 5.9% in 2022 making this social security cola increase the biggest in 40 years. BUT, what about your retirement income? Does this impact when to take social security retirement benefits? What about social security taxes in retirement? How is the social security cola increase going to impact your retirement spending and retirement investments? Inflation is up over 3% and medicare part b premium is going to rise 6%. So, how does this social security increase actually help retirees and those looking to retire?
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