Social Security is a government program created to help working people retire but also reward them for waiting to collect after a certain age. Click here to learn more. Starting in January 2022, Social Security recipients will receive a 5.9% cost-of-living adjustment (COLA), the largest increase in forty years. The Social Security Administration will notify recipients about their new benefit amount by mail starting in December.
At Sterling Financial Management, Inc., we know that everyone plans for retirement differently. Whether you retire in five years or forty years, knowing you will have plenty of money when you do can remove that heavy burden off your shoulders. We fit our clients with a personalized retirement plan to give the most relaxing retirement possible. Please contact us if you have any questions about Social Security and retirement.