There Could Be a Gotcha With Your Huge Social Security Increase
The wait is over. After months of speculation, Social Security recipients now know how much additional money they'll receive in 2023. And it will be the biggest "raise" in over four decades.
Last week, the Social Security Administration (SSA) announced a cost-of-living adjustment (COLA) of 8.7%. Everyone who receives Social Security benefits will see much larger checks beginning in early 2023. But there could be a gotcha with your huge Social Security increase.
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Source Fool.com