We'll see over the next few days/weeks what the final impact is, but it looks like the Fed's are providing a COLA this year for Social Security recipients. Of course they are likely to increase the amount each individual will pay for their Medicare.With the decrease in what workers are paying into the Medicare system (the 200bps less last year and this year), I wouldn't be surprised if the $106K ceiling goes higher.
Tough choice for future generations.
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