Money Matters: Social Security benefit increase
Social Security provides income for millions of retirees, and those taking their benefits will see a major increase in 2023. Barry Bigelow from Great Waters Financial joins us to discuss the latest cost-of-living adjustment and share tips for claiming Social Security benefits. Barry answers the questions:
Q: What kind of benefits increase will social security recipients get?
Q: Why are cost-of-living adjustments important?
Q: What can retirees do to maximize their Social Security benefits?
Q: Can people continue working part-time and take their social security benefits?