What’s New with Social Security in 2024?

Whether you're nearing retirement, already retired, or just planning ahead, it's crucial to stay informed about Social Security and any changes that happen each year. Today we’re going to share some key things that you need to know and bring you up to speed on some updates that need to be aware of. Ryan will also tell you how this might impact you and the planning you’ll do this year.

Here’s some of what we discuss in this episode:

• The Cost of Living Adjustment you can expect this year.
• The payroll tax limit has bumped up so what does this mean for you.
• Medicare premiums will be up from most people. 
• What is the future of Social Security and its solvency?
• Does anything change with claiming strategies with the changes and updates we have?

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Investment Advisory Services offered through Brookstone Capital Management, LLC (BCM) a Registered Investment Advisor. Cravitz Financial & Insurance Solutions are independent of each other. Information provided is not intended as tax or legal advice and should not be relied on as such. You are encouraged to seek tax or legal advice from an independent professional. Ryan Cravitz and Cravitz Financial & Insurance Solutions are not affiliated with or endorsed by the Social Security administration or any other government agency.