Last week, Social Security gave a 8.7% increase in benefits for the year 2023. It will add on at least $140 per month, in other words, one tank of gas for your truck. Nic goes ever the updated maximum taxable earnings, exemptions, benefits, and more. Rand Paul’s 2021 Festivus Report shows us just how much money the U.S. government wasted – so is there a better way to supplement our Social Security shortage? And don’t forget – it’s Roth Conversion season!

 

Sources:

https://blog.ssa.gov/social-security-benefits-increase-in-2023/

https://www.ssa.gov/news/press/factsheets/colafacts2023.pdf

https://www.heritage.org/taxes/commentary/1-chart-how-much-the-rich-pay-taxes

https://www.paul.senate.gov/sites/default/files/page-attachments/Festivus%20Report%202021_0.pdf

 

Host:

Nic Daniels BFA™, Financial Advisor

 

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