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Social Security 2023 COLA-Factoring Inflation
Your Retirement With Sam Duell
English - December 05, 2022 20:00 - 51 minutes - 47 MBBusiness Education 401k 403b care invest medicare risk volatility adviser advisor bond Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Financial Concerns of Retirees
Next Episode: First Year of Retirement-Year End Strategies
Sam, Andi, and Luke talk about the announced Social Security Cost of Living Adjustment for 2023 pointing out that it is the highest in forty years but also that inflation is as well. They discuss how this high inflation, volatility, and rising interest rates must be factored when planning for retirement. They get into the sudden shift for retirees when entering retirement and goes over the process of “de-accumulation.” Then they look at retirement challenge solutions such as planning for inflation in your other retirement income streams, preparing for out-of-pocket health care costs, and building good tax strategies.
You can reach Duell Financial Strategies by calling 866-203-7486.
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