Description

Social Security isn't likely intentionally misleading us but they are leaving out some details that every person contemplating retirement needs 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. 

You will want to hear this episode if you are interested in...

• [1:48] Check out RetirementMadeEasyPodcast.com!
• [2:47] The cost of living adjustment and Medicare Part B
• [10:03] Social Security benefits will be cut
• [15:04] Social Security benefits won't likely cover monthly expenses

Resources & People Mentioned

• 3 Steps to Retirement Planning
• The Consumer Price Index
• Voluntary Withholding Request
• Social Security's COLA for 2024 is 3.2%
• SSA.gov

Connect With Gregg Gonzalez

• Email at: Gregg@RetireSTL.com 
• Podcast: https://RetirementMadeEasyPodcast.com
• Website: https://StLouisFinancialAdvisor.com
• Follow Gregg on LinkedIn
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