Two Ways Retirees Could Lose Some of Their Social Security Raise
In 2022, Social Security retirees will be getting the most generous Cost of Living Adjustment (COLA) in decades. Seniors will see a 5.9% increase in the amount of their retirement benefit, according to the Social Security Administration.
Before you get excited about all this spare cash, though, you should be aware that your checks may not actually end up being 5.9% bigger. That's because there are two possible ways you could end up losing some of your additional benefits. Here's what they are.
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Source Fool.com
