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A Quick Year-End Synopsis of Social Security Changes for 2021

As we take breath at year-end and adjust our mindsets for the coming year, it’s always good to reflect on what’s ahead for Social Security that everyone needs to know. For example, while the 1.3% cost-of-living adjustment is well known by virtually everybody, it’s also good to be sure you understand what the net effect will be in your benefit payment, given the Medicare premium details. Likewise, it’s important to know the various inflation-adjusted parameters and how they’re affected for 2021. Knowledgeable Social Security correspondent Tom Margenau of the Creators Syndicate, in a post today on tucson.com, graciously provides a review of many of the changes ahead. Check out his post here…

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