Social Security benefits will increase in 2023
Social Security recipients will get a hefty raise in 2023, with benefits rising 8.7%, the most in four decades.
The inflation-related bump may coax some retirees into tapping their benefits early, before they reach full retirement age. It also may spark a few questions.
• How do you apply for Social Security?
• How are benefits calculated?
• Are they taxable?
The opinions voiced in this article are for general information only and are not intended to provide specific advice or recommendations for any individual.
Paul Davidson is not affiliated with US Wealth Management, LLC and LPL Financial.