There are quite a few alterations coming to Social Security in 2022. The Motley Fool notes three of the biggest changes all beneficiaries should know about. These three changes include:
- Seniors can expect larger checks as the largest COLA seen in 40 years increases payments.
- The wage-based limit is changing in 2022 meaning some higher earners will get taxed more for Social Security.
- The income threshold is increasing from $18,960 to $19,560 allowing retirees to earn more before getting their income reduced.
Although these three changes are a great place to start, they are not enough. Senior citizens deserve to live with more financial security; that is why we have made it our mission to help. Join us in creating a more financially secure future for seniors nationwide by signing our petition and taking action today.
