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2 Social Security Changes That Could Hurt Your Finances in 2024 🫣

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Stay ahead in 2024 with the latest Social Security updates, brought to you by Marvin Musick from Medicare School. Marvin discusses the key changes in Social Security for the year, including the new Cost of Living Adjustment (COLA) of 3.2%. Wondering how this compares to last year's 8.7%? Marvin's got you covered! This is for anyone who is looking to understand how these changes impact their financial planning.

Next, Marvin shows you the critical adjustments to the earnings test limits for 2024. If you're considering taking your Social Security benefits early, you'll want to pay close attention to this. Learn about the new earnings caps $2,320 and $59,500 and how they might affect your benefits if you're still working. Plus, Marvin discusses the increase in taxable income limits for Social Security taxes.

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posted by shelenhc