New Blog from Miami Retirement Planner Michael Ladin Spells Out Social Security Changes to Expect in 2017
Ladin focuses on six changes that he says will most affect beneficiaries, particularly the cap increase on the amount of workers' earnings that will be subject to
In 2016, the maximum earnings subject to
According to Ladin, as a result of the cap increase, high-income workers can expect to pay a few hundred dollars more in
"Increasing the
According to calculations by the Committee for a Responsible Federal Budget, the tax cap would actually need to be eliminated entirely in order to close a significant percentage of the
In addition to the 0.3 percent cost-of-living-adjustment (COLA) hike and
earnings cap hike, Ladin's blog offers in-a-nutshell explanations of four additional noteworthy changes ahead, including:
- Changes in the average monthly
Social Security payment for retired individuals and retired couples in 2017. - An increase in the maximum possible benefit for individuals who retire at their full
retirement age of 66 in 2017.
- New rules for dual-earner married couples regarding eligibility to claim both a spousal
payment and an individual payment at different times (double claiming) in 2017.
- New rules for dependents of beneficiaries who suspend payments, and the exception to the rule that applies to divorced spouses.
"
"People who are confused about how to start planning a
To learn more, visit the
About
The host of Retirement Radio's "Strategies for Financial Success" on NewsTalk 610 WIOD,
Saturdays at
Read the full story at http://www.prweb.com/releases/LadinFinancual_GroupMiami/SocialSecurity2017/prweb13950665.htm
GOP Preps ACA Repeal Effort
New Blog from San Diego Retirement Planner Jeremy Keating Outlines Social Security Changes in 2017
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News