Looking Ahead to 2022…Things Yu 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…