Every year there are changes made to Social Security that impact beneficiaries in different ways.

Next year, The Motley Fool anticipates two changes in particular retirees should pay extra attention to:

• A new cost-of-living adjustment (COLA): With the rampant inflation seen this year, estimates for the 2023 COLA are anywhere from 9.3 to 10.1 percent.
• A new earnings limit: For those who claimed benefits before reaching their full retirement age, this limit is essential. The earnings limit dictates how much extra income can be earned before the Social Security Administration (SSA) starts withholding a portion of their benefits. The new income limit for 2023 should be published in mid-October, so be sure to keep an eye out.

Don’t let yourself be caught unaware — make sure to follow Senior Security Alliance on Senior Security Alliance on Facebook and Twitter to stay informed about any important Social Security changes.