Retirees received some good news ahead of 2022 when the Social Security Administration announced a 5.9% Cost of Living Adjustment for people that receive the benefit beginning in the new year. What does the increase tell us about inflation? We’ll discuss that on the show and answer a few financial questions from listeners.

Read more and get additional financial resources here: https://johnsonbrunetti.com/podcast-episode-228-social-security-announces-large-cola-increase-mailbag-questions/ 

 

What we discuss in this episode: 

1:01 – Social Security COLA increase

3:18 – Is inflation higher than the increase?

4:56 – Mailbag question on saving after maxing contributions

7:14 – Diversification of taxes

8:21 – Mailbag question about taking care of parents

11:45 – Mailbag question about rental properties