Some Social Security Things Change Annually
Social Security’s rules can only change as a result of Congressional action, but there are certain elements of the program which automatically change as a result of inflation or average national wage growth. In other words, the rules don’t actually change but the parameters used by the rules formulas do. This Motley Fool article by Maurie Backman describes several things which change annually, and which can affect the size of your Social Security benefit or the amount of payroll tax you pay. Click here to read more.
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