- treecityweb
SS COLA Increase & Roth Conversions
Last week, Social Security gave a 8.7% increase in benefits for the year 2023. It will add on at least $140 per month, in other words, one tank of gas for your truck. Nic goes ever the updated maximum taxable earnings, exemptions, benefits, and more. Rand Paul’s 2021 Festivus Report shows us just how much money the U.S. government wasted – so is there a better way to supplement our Social Security shortage? And don’t forget – it’s Roth Conversion season!
Listen to the podcast HERE.
CHAPTERS:
00:00 - Intro
00:29 - Nic's Elk Hunt
01:04 - Social Security Changes
16:03 - Rand Paul's Festivus Report
20:17 - Roth Conversions
SOURCES:
https://blog.ssa.gov/social-security-benefits-increase-in-2023/
https://www.ssa.gov/news/press/factsheets/colafacts2023.pdf
https://www.heritage.org/taxes/commentary/1-chart-how-much-the-rich-pay-taxes
https://www.paul.senate.gov/sites/default/files/page-attachments/Festivus%20Report%202021_0.pdf