Ok, so everyone maybe wanted more…. but given the circumstances any increase is likely a gift!
About one week ago the news broke from the Social Security Administration….
Social Security COLA Increase Announcement
Here at this link, the Social Security Administration announced a COLA (Cost of Living Adjustment) of 1.3% for 2021!
Approximately 70 million Americans will see a 1.3 percent increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2021. Federal benefit rates increase when the cost-of-living rises, as measured by the Department of Labor’s Consumer Price Index (CPI-W).
They go on to explain the increase in more detail!
The CPI-W rises when inflation increases, leading to a higher cost-of-living. This change means prices for goods and services, on average, are a little more expensive, so the cost-of-living adjustment (COLA) helps to offset these costs.
There you have it, an increase of 1.3% for 2021! Much better than nothing!
Have a Great “Social Security COLA Increase” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
Q 4 2019 Newsletter Video Audio Podcast Review By John Kvale
Welcome to our Video and Audio Podcast Review of our Q 4 2019 Newsletter. For those on the road or just unable to grab the time to read, our podcast type review gives you the behind the scenes insight to our thoughts, observations and deep views of the entire Newsletter.
Click Here for direct link to an electronic version (an early peek-good ole fashion paper versions are on their way to you shortly) and here for our Newsletter page
Let’s get going!
Q 4 2019 Newsletter
Click for PDF/printable version of Newsletter
And here is your review!
Is it Time to Refinance?
With Mortgage rates moving lower, we discuss the major items to think of when refinancing your Mortgage.
Our most clever point is we like to have an 18 month payback for the costs when refinancing… this serves as a good barometer on when to refinance, irrespective of the size of your Mortgage.
Tariff Talk
It’s been going on for a long time
Trade Wars AKA Tariff talks have been around for a long time. This is not our first rodeo… notice how trade has been more efficient over time!
End of Year Tax Reminders
While there are a lot of reach back tax items i.e. Things we can do next year for this years taxes… there are many that have a firm year end deadline-
We hope you enjoy … talk to you in ….. 2020 WOOOW !!!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com
-96.808100
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Posted in Audio, FOMC, General Financial Planning, Interest Rates, Investing/Financial Planning, Market Comments, Medicare, Newsletters, Podcast, Political, Tax Related, Vault, Video
Tagged End of Year Tax, Home Mortgage, Interest Rates, Mortgage Refinance, Perot, Property Tax, Social Security, Tax Reminders, Tom Clark