Tag: COLA

COLA 2023: Will Social Security recipients see an 8.6% increase?

COLA 2023: Will Social Security recipients see an 8.6% increase?

Social Security recipients could be looking at an 8.6% COLA in 2023. This increase is to offset the impact of inflation. SSDI: Can spouse’s get this benefit? What is the inflation rate? About 70 million people rely on Social Security. Next year, ... MORE
COLA, News, Social Security
Social Security: Is a $361 benefit boost in 2023 good?

Social Security: Is a $361 benefit boost in 2023 good?

Millions of seniors who collect Social Security checks every month could see an even bigger boost next year, but is that a good thing? It may not be as good as it sounds. The inflation rate for the month of April reached ... MORE
COLA, News, Social Security
COLA 2023: Social Security recipients could see $143 more next year

COLA 2023: Social Security recipients could see $143 more next year

Inflation has not gone down, and as it continues to rise, so does the potential for a larger COLA increase for Social Security in 2023. Each year the Social Security Administration looks at the rate of inflation to adjust the cost of ... MORE
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COLA and Social Security payments explained

COLA and Social Security payments explained

70 million Americans benefitted from the COLA increase that went into effect in 2022, boosting their Social Security checks. The rise was 5.9%, one of the highest increases in recent history. The announcement was made in Oct. of 2021 and went into ... MORE
COLA, News, Social Security
COLA: What will the cost of living adjustment be for 2023?

COLA: What will the cost of living adjustment be for 2023?

As inflation continues to skyrocket, it’s believed that the 2023 COLA increase could be another large one. In 2022 the increase was 5.9%, one of the largest increases in recent U.S. history. The new amount went into effect on Jan. 1, 2022 ... MORE
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COLA: 2023 increase could boost maximum monthly payment to $4,567

COLA: 2023 increase could boost maximum monthly payment to $4,567

Inflation only continues to increase, and Social Security recipients continue to struggle on a fixed income. 2023’s COLA increase could change that. Different factors go into how much a person’s payment is going to be, but the COLA adjustment is one of ... MORE
COLA, News, Social Security
When to expect your fourth round COLA Social Security check

When to expect your fourth round COLA Social Security check

A fourth round of Social Security checks is set be sent out soon. They will be sent based on your birth date. Stimulus: $850 payments supported by state lawmakers When will I get the check? About 64 million Social Security beneficiaries noticed ... MORE
COLA, News
COLA: Will there be another raise in 2023?

COLA: Will there be another raise in 2023?

Another COLA rise could make things tight for Americans. The 2022 rise was 5.9%, the biggest increase in 40 years. SSI: Millions see $841 benefits payments today 2023 COLA prediction The Senior Citizens League suggests that Social security Security beneficiaries may see ... MORE
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COLA: Could the 2023 COLA reach 7.6%

COLA: Could the 2023 COLA reach 7.6%

Social Security recipients this year saw a COLA increase of 5.9%, one of the highest in recent history, but what will 2023’s be? Despite this being one of the highest increases in almost 40 years, seniors are still struggling to afford anything ... MORE
COLA, News, Social Security
COLA: When will the COLA increase for 2023 be announced?

COLA: When will the COLA increase for 2023 be announced?

As inflation continues to rise at a rapid rate, many Social Security recipients want to know when the COLA increase for 2023 will be announced. One of the things that will have a direct impact on the COLA increase is the federal ... MORE
COLA, News, Social Security
COLA: Increase for 2023 may be 3.9%

COLA: Increase for 2023 may be 3.9%

In 2022 the COLA increase was 5.9%, the highest in almost 40 years, but what might it be for 2023? That depends on inflation. The rate of inflation rose at a rapid rate in 2021, resulting in a higher-than-normal COLA increase. The ... MORE
Social Security: $1,657 going out TODAY, find out when you’ll see yours

Social Security: $1,657 going out TODAY, find out when you’ll see yours

Today marks the second Wednesday of the month, which is when millions of Americans will see their Social Security payments worth around $1,657. Today’s benefits are going out to those with birthdays between the 11th and 20th of any given month. Those ... MORE
COLA, News, Social Security
COLA: How big could the boost be for 2023 following inflation?

COLA: How big could the boost be for 2023 following inflation?

Inflation will likely have a big impact on next year’s COLA increase for Social Security recipients. The COLA increase was 5.9% for 2022 based on inflation in 2021. Every year the Social Security Administration looks at adjusting payments to help offset the ... MORE
COLA, News, Social Security
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Social Security: When are benefits recalculated?

Many people are wondering what their Social Security benefits will look like after they’re recalculated, but how does that work? Every year the Social Security Administration gets your income information from tax documents. That information is then used to change your benefits ... MORE
COLA, News, Social Security
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Medicare: 2022 deductible

Medicare plans have seen a price hike for the year 2022. This means your deductible will be higher. You need to meet a deductible before you’re able to really get financial help from your health insurance company. As seniors struggle to afford ... MORE