Next week, the Bureau of Labor Statistics will issue the September Consumer Price Index report, the final piece of data that the Social Security Administration needs to plug into its annual cost of living adjustment formula. Social Security benefits — and the taxable wage base for workers — will be slightly higher next year as a result of the COLA.
Labor Department says CPI report will not be released next week.
They earn 8%-per-year delayed retirement credits plus annual COLAs
IRS also sets tax break for single filers at $5.25M
Still time to strategize to minimize impact; trusts likely to feel the brunt.
Such strategies can be even better than ETFs and mutual funds
Some retirees can receive up to six-months of retroactive benefits.
Married couples should focus on maximizing survivor benefits.
Couples aren't affected if no minor children are collecting benefits.
Live from the IMCA conference: 'Policy change is really key to growth,' he says
Don't fear, retirement benefits won't disappear in the future.
New study finds employee and retiree health care coverage impacts length of working life
When to use 'file and suspend' vs. a restricted claim for spousal benefits.
How financial advisers can help their clients who claim reduced Social Security benefits early and regret it later take steps to reset and maximize their benefits.
Some go to extraordinary lengths to qualify for preferential treatment under the tax code.
Deductions for 401(k) contributions don't affect income subject to cap.