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Two Ways Retirees Could Lose Some of Their Social Security Raise

Christy Bieber explains that seniors may not be keeping as much of the 5.9% cost of living adjustment that goes into effect on January 1, 2022 as they might think.  Medicare premiums are going up too.  Also, with an average bump of $92 per month for the average beneficiary, that will push some seniors above the threshold for paying income tax on benefits.  Thresholds have never been adjusted for inflation, and the income tax ensnares more people each year.  Full piece here.




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