The government announced today that 55 million Social Security recipients will receive a 3.6 percent increase in their benefits starting in January. This figure is tied to a measure of inflation. There has been no increase in Social Security the last two years due to extremely low inflation.
This article is written by Kevin J. McNab. Kevin is President of McNab Financial, LLC and is a CFP®, ChFC®, and CRPC®. McNab Financial, LLC is a Registered Investment Advisor in the State of Colorado.