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Additional Articles

Social Security Releases 2024 Cost of Living Adjustment

Social Security Releases 2024 Cost of Living Adjustment

The Social Security Administration has provided cost-of-living adjustments, or COLAs, annually since 1975. These annual adjustments are intended to help recipient’s dependent on their Social Security benefits by increasing benefits inline with inflation. COLAs have ranged from 0.0% for benefits received in 2010, 2011, and 2016 to 14.3% for benefits received in 1981.

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IRS Officially Announces New Income Tax Brackets for 2023

IRS Officially Announces New Income Tax Brackets for 2023

The opportunity to minimize expected lifetime income taxes is often overlooked by retirees who tend to focus more on maximizing total retirement income instead of net retirement income. We often find that income taxes become the largest expense for many retirees and there are many often overlooked tax planning opportunities available in the pursuit of reducing expected lifetime income taxes for retirees.

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