Big Social Security Benefit Increase for 2023: Why This Year it Might Almost Be Enough

The prediction for Social Security cost of living adjustment (COLA) for 2023 is 8.7%. Learn why this might almost feel like enough.

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TikTok Tax Advice

There’s tax advice available on TikTok. Is it worth following? Does it miss the big picture? Retirement Saving Through Various Forms of Life Insurance TikTok tax advice often boils down to something like the following: don’t save in traditional retirem...

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5 Reasons to Not Give Up on Social Security

How safe is Social Security? Should you count on it for your retirement planning? Here's why I absolutely believe it can be counted on.   Today’s Classic is republished from White Coat Investor. You can see the original here. Enjoy! How safe is Social Security? I hear a lot of people say, “You can't count […]

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The Four Backstops to the Four Percent Rule

Introduction Worried about an early retirement based on the Four Percent Rule? Might the 4% Rule work because of natural backstops most early retirees enjoy?  The 4% Rule The 4% Rule is a rule of thumb developed by the FI community. For example, J...

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Early Retirement and Social Security

I can’t retire early! I’ll destroy my Social Security! Is that true? What happens to Social Security benefits when retirees retire early? Are significantly reduced Social Security benefits a drawback of the financial independence retire early (FIRE) mo...

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As A Millennial, What Can You Expect From Social Security?

If you're in your 20s or 30s, can you count on Social Security benefits in 40 or 50 years? Half of Millennials say "no". Here are the facts.If you're in your 20s or 30s, can you count on Social Security benefits in 40 or 50 years? Yes and no. It's like...

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Big Social Security Benefit Increase for 2023: Why This Year it Might Actually Almost Be Enough

The Social Security Administration is predicted to announce a big Social Security benefit increase for 2023. Beginning next January, Social Security paychecks are currently predicted to show a Cost of Living Adjustment (COLA) of 8.7%. This is a huge bump over the modest 1.3% increase that was awarded in 2021 and even a pretty big…

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How to Apply for Social Security: Easy Steps to the Right Decisions

How to apply for Social Security is very straightforward.  In fact, applying is perhaps too easy for such a very important decision.  The more important and complicated question is: When to apply? But, let’s get started with the easy part… 6 Steps to Apply for Social Security Just follow these 6 steps… Step 1: Make…

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