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Social Security increase 2023: What does it mean for retirees?
RMF Newsroom

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.”

Read the full article on Fox Business.

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