Thursday, October 11, 2018

Social Security Benefits Will Rise 2.8% In 2019

(COLA) Information for 2019
"Social Security and SSI beneficiaries are normally notified by mail in early December about their new benefit amount. This year, for the first time, most people who receive Social Security payments will be able to view their COLA notice online through their my Social Security account. "

The maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $132,900.


Before you get too excited remember Medicare premiums will also rise. Depending on the amount of your monthly SS income your mileage will also vary. Last year I ended up with a $3.70 increase.

I shared a happy meal with my wife to celebrate the occasion

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