The Social Security Administration Announced 2023 COLA Updates. How Does It Impact You?
On Thursday, October 13, 2022, the Social Security Administration (SSA) released important updates for 2023, including cost-of-living adjustments (COLA) for retirees, changes to Medicare premiums, and retiree earning limits. Are you wondering how these adjustments affect your wallet? Let’s dive into what you need to know about the critical changes ahead. 1. Thanks To COLA, SSA Benefits Are Increasing The adjustments stem from the 2023 Social Security Administration Cost-of-Living Adjustment (COLA). COLA aims to ensure [...]