Social Security increase 2023: What does it mean for retirees?
Here's what to know about maximizing your Social Security benefits
Although millions of Social Security recipients will see a significant benefits increase beginning January 2023, inflation may eat up most of it, an expert said.
“There’s a reason you’re getting a pay bump,” Christian Mills, Reverse Mortgage Funding's head of financial advisor relations, said. “Because everything costs a lot more and inflation is going up. There’s a big trade-off.”
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