2023 Changes to Social Security Benefits, Ep # 268

There’s big news in the world of retirement. The news is so big that we have 2 articles from mainstream media sources to check out in this week’s retirement headlines segment. If you’ve been wondering how inflation will affect Social Security benefits you won’t want to miss out on this episode. 

Stick around for the listener questions segment to hear how to transition from biweekly paychecks to monthly portfolio withdrawals in retirement. This transition is trickier than you might think, so you won’t want to miss my tips for making the adjustment.

Outline of This Episode

• [2:02] The average Social Security beneficiary will increase by $140 per month
• [4:52] What is COLA?
• [9:20] Will you get the increase if you delay filing for Social Security?
• [10:21] How to manage a monthly payday
• [13:54] How to get extra credit from your portfolio

Resources & People Mentioned

• Social Security Benefits to Increase 8.7% in 2023 from ABC News
• Social Security Announces Biggest Benefit Hike Since 1981 from CBS News 
• Inflation Reduction Act on CBS news

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