• 글쓴이[레벨:6]Bestcpas
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    The Social Security Administration (SSA) recently announced the inflation-adjusted increase in benefits for 

    2019. SSA’s announcement states that Social Security beneficiaries should expect a cost-of-living increase of 

    2.8%. However, the same announcement says that for those who are retired at full retirement age, the maximum monthly benefit will go from $2,788 to $2,861, a 2.62% increase of $73 a month. 

    Either 2.62% or 2.8% isn’t much in the overall scope of things, considering part of that increase goes to pay for Medicare premiums and copays for medication. 

    Those retired with only Social Security income struggle just to survive month to month.


    This should be a wakeup call for still-working individuals who are living (and spending) for the moment and 

    have no, or minimal, retirement plans or retirement savings. 

    It’s almost imperative that individuals include contributions into retirement savings in their budgets, 

    in one form or another, or the inevitable golden years won’t be so golden. 


    Saving for retirement is extremely important, even if it means cutting back on discretionary spending. 

    The retirement plan options vary, and it can be hard to understand all of the options and their long-term benefits. Please call for assistance.


    https://www.besttaxcpas.com/blog/prioritizing-and-maximizing-retirement-savings-social-security-alone-wont-be-enough/43565


    Joyce Ghu, CPA, CGMA

    Office (678) 434-4525

    help@BestTaxCPAs.com

    www.BestTaxCPAs.com

    3230 Steve Reynolds Blvd. #209, Duluth, GA 30096

    Nukoa Plaza 2F

    Follow us on

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