Oct. 24, 2022

Big Changes To Social Security In 2023

Big Changes To Social Security In 2023

In today's episode, we talk about a few of the Social Security changes for 2023 that will have a significant impact to retirees.These changes include: The 2023 cost of living adjustment The 2023 Earnings Limit The 2023 Maximum Family Benefit Formula...

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In today's episode, we talk about a few of the Social Security changes for 2023 that will have a significant impact to retirees.These changes include:
  • The 2023 cost of living adjustment
  • The 2023 Earnings Limit
  • The 2023 Maximum Family Benefit Formula
  • The amount needed to earn one credit
  • The Windfall Elimination Provision (WEP) penalty
  • The maximum taxable wage base
  • The Substantial Gainful Activity (SGA) thresholds