Increases

Commentary Presented by: Matthew J Balsbaugh

We’ve written about several of the increases that are happening in 2023 and thereafter, and it is important to keep them all in mind as you plan for your retirement.  Since hitting a 40-year high of 9.1 percent in June, inflation has cooled somewhat, and if that trend continues, the Cost-of-Living Adjustment in social security payments will provide an especially strong buffer against higher prices, since the benefit increase is fixed at 8.7 percent through 2023.  Call us if you’d like assistance in reviewing your income and expenses as we may have some ideas to increase your income that you haven’t considered.  We’re always here to help.