What’s Happening to Social Security Next Year?
Date: Oct 23 2012
Filed under: Retirement
If you’re receiving Social Security benefits, your check will rise by 1.7% in 2013, thanks to that program’s most recent annual cost-of-living adjustment. The average monthly benefit check to a retiree will increase from around $1,240 to $1,261 — an increase of $21 per month, or $0.70 per day.
If, on the other hand, you’re still working and paying into Social Security, your taxes are going up next year. For all workers who pay into the system, the temporary 2% payroll tax holiday is expected…
What’s Happening to Social Security Next Year? originally appeared on DailyFinance.com on 2012-10-23T10:54:00Z.
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