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Last month in this blog I updated you on some of the new Social Security and Medicare numbers for 2023. The recently announced cost of living adjustment (COLA) of 8.7% has resulted in another big jump in benefits for the second year. Many other federal programs are tied to the

Every year the relevant numbers for the government programs we work with change.  It starts with the Social Security Administration, which announces its cost of living adjustment (COLA).  Other government programs then adjust their numbers, sometimes using the same COLA as Social Security.  For many years the adjustment has been small and there

Last month in this blog I updated you on some of the new Social Security and Medicare numbers for 2022.  With a cost of living adjustment (COLA) of 5.9% as a result of higher inflation, next year’s increase is the largest in some time. Many other federal programs are tied to the

Much of the economic news recently has focused on inflation rates.  The current rate of inflation is at the highest its been in the last 30 years, 6.2% on an annual basis. Against that backdrop, the Social Security Administration has announced it’s cost of living adjustment for the coming year 2022. The