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cover of episode 3 Retirement and Tax Planning Updates for 2023

3 Retirement and Tax Planning Updates for 2023

2022/10/19
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Stay Wealthy Retirement Podcast

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Social Security payments will increase by 8.7% in 2023, affecting about 70 million Americans due to inflation and higher costs of living. This is a significant increase compared to historical averages, which typically hover around low single digits.

Shownotes Transcript

Today I’m sharing three retirement and tax planning updates for 2023.

Specifically, I’m sharing a summary of important changes to:

  • Social Security payments
  • Social Security taxation
  • Medicare Part B premiums

 

I’m also sharing key highlights from the highly anticipated Secure Act 2.0 bill + when we might expect it to (finally) pass.

If you’re wrapping up your year-end planning and starting to think about 2023 and beyond, this episode is for you.

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