Social Security COLA up 2.5% for 2025 but Medicare Part B Projected to Jump 5.9%

The 2.5% cost of living adjustment reflects a steady decline in inflation. However, it looks like we'll be paying almost 6% more for Medicare Part B! That doesn't mean you'll see a smaller SS check in January, but if you're wondering how this will affect you, @Austin with @PatriotWealthNC and @erinkennedy walk through these questions:
-Does the COLA affect when we should claim our Social Security benefits?
-How does this jump in the cost of Medicare Part B affect my Social Security check?
-How will this COLA affect the taxes we pay on our SS benefit?
If you have any questions about when you should claim Social Security or how to pay for Medicare, reach out to Austin by calling 9one9-322-4113 or visit www.PatriotWealthNC.com
#cola #socialsecurity #wealthmanagement #taxes #taxplanning #inflation
Austin Kobilka and/or Patriot Wealth are not affiliated with or endorsed by the Social Security Administration or any other government agency.

[@almadazo2609]

Ridiculous

[@pwilly_1]

Benefit for waiting depends on how long you live. You must live for many years beyond your full retirement age to break even. More people than not will likely be dead before they break even.
Taking SS at 62 & maximizing other income sources will likely give you as much or higher income than waiting for full retirement age.
No one on their deathbed ever wished they’d worked more & had had less time with their loved ones🤔!

[@JamesDobson-cr9er]

0:15 😊 0:17

[@gusgarza6529]

What a Joke. Fooling the people on Soccial Security. 😅😅

[@Berge-d2t]

Its a jock

[@allanbarsness]

only in the usa,eh

[@bradleyvanzile1111]

Same thing every year no big deal but they talk it to death put a spin on it😊

[@sg2503]

God showed me Donald Trump is not going to help the elderly handicapped probably the veterans and homeless. He will put them somewhere and forget about them