How the Social Security cost-of-living (COLA) increase will affect 2023

The COLA is the biggest it has been in 40 years and on top of that, Medicare premiums are going down.

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How is COLA going to affect people on Social Security?

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[{"selector":"#anim-2b952b28-5398-4fc3-ab21-fe58f4be322e","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] 1. The first time you claim Social Security benefits, you're going to see an 8.9% increase in your paycheck. 1. The first time you claim Social Security benefits, you're going to see an 8.9% increase in your paycheck. CREDIT GETIMAGE

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[{"selector":"#anim-2ded962e-cfe4-4e28-b2e3-ac6866b3cb00","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] 3. If you're going to be taking this large increase, talk to your tax professional about whether to change your withholding. 3. If you're going to be taking this large increase, talk to your tax professional about whether to change your withholding. CREDIT GETIMAGE

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How the Social Security cost-of-living (COLA) increase will affect 2023

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How the Social Security cost-of-living (COLA) increase will affect 2023

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The COLA is the biggest it has been in 40 years and on top of that, Medicare premiums are going down.

The COLA is the biggest it has been in 40 years and on top of that, Medicare premiums are going down.

How is COLA going to affect people on Social Security?

How is COLA going to affect people on Social Security?

How the Social Security cost-of-living (COLA) increase will affect 2023

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