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Looking Ahead to 2022…Things You Can Consider if Social Security Isn’t Enough
Yes, all of us collecting Social Security benefits will receive a 5.9% increase effective with January payments, but by now we all know that will only partially offset the general rise in prices we’ve seen this year. Many of also know that the Medicare Part B premium increase has wiped out a substantial portion of that cost-of-living adjustment. As a result, those who are already struggling to make ends meet on Social Security alone will struggle even more in th eyear ahead.
Not a good scenario, but as The Motley Fool’s Maurie Backman suggests, in a post on their website, there are steps you can consider to perhaps mitigate a portion of the struggle. Check out her thoughts here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.