Latest News

Another COLA Forecast–And a Discussion on the Tax Consequences

In a post today on, contributor Kathleen Steele Gaivin weighs in on the Social Security cost-of-living-adjustment projection subject, pegging the potential increase at 10.5%. That’s the upside. Her post also discuses the downside–the insidious effect of “bracket creep” facing more and more seniors at federal income tax time. As she notes, the thresholds for taxation of Social Security benefits have not changed in decades, steadily drawing increasing seniors’ tax liability as a result of the very inflation that increases their monthly benefit. It’s a quandary, and you can read Ms. Gaivin’s post here…

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers