Episode Description: - Show Length: 28 mins
From ssa.gov, “the Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3% in 2021, the Social Security Administration (SSA) announced last week.”
Michael and Adam discuss how that is assessed, what it means for retirees and how to maximize social security for the future.
- The Announcement
- A Step-by-Step of How Social Security's COLA Is Calculated
- Here's the Average Social Security Benefit in 2021