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Listen to Johnson Brunetti's Money Wisdom with Joel Johnson CFP®, host of Better Money Television program and Forbes Contributor. Gain true financial wisdom and advice aimed at educating you about all of your financial options when it comes to retirement so you can make the best decisions for you and your family. Get information and education that can bring you peace of mind with your savings and retirement. Whether it’s your 401k account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.

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  1. All Episodes
  2. Social Security Announces Large COLA Increase + Mailbag Questions

Social Security Announces Large COLA Increase + Mailbag Questions

Dec 3, 2021

Retirees received some good news ahead of 2022 when the Social Security Administration announced a 5.9% Cost of Living Adjustment for people that receive the benefit beginning in the new year. What does the increase tell us about inflation? We’ll discuss that on the show and answer a few financial questions from listeners.

Read more and get additional financial resources here: https://johnsonbrunetti.com/podcast-episode-228-social-security-announces-large-cola-increase-mailbag-questions/ 

 

What we discuss in this episode: 

1:01 – Social Security COLA increase

3:18 – Is inflation higher than the increase?

4:56 – Mailbag question on saving after maxing contributions

7:14 – Diversification of taxes

8:21 – Mailbag question about taking care of parents

11:45 – Mailbag question about rental properties