Social Security Issues Official Update – Important December Notice for Retirees
Each year, Social Security beneficiaries receive a Cost-of-Living Adjustment (COLA) to help their benefits keep pace with inflation. For 2024, the COLA increase is 2.5%, a modest rise compared to previous years like 2023’s 8.7%. This adjustment, along with changes to Medicare premiums and potential tax implications, could significantly impact retirees. Let’s break down these … Read more