Social Security in the New Year
Many things are changing in the realm of Social Security in 2016. Some of these changes are things that have been taken for granted as main stays in the system, but are being cut off due to what some deem as antiquated rulings. The COLA increase that happens yearly in order to keep Social Security benefits relevant as far as inflation is not taking effect this year. This means that even as the prices of goods are rising, the benefits will not rise to meet them and instead are staying stagnant and falling behind. Along with this, some filing strategies are being nixed and will no longer be available as an option to maximize Social Security payouts. For more information and to see what else has changed for the new year, visit this article by Brian Stoffel with The Motley Fool.
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