October 19, 2016 11:07:30 am
REDW Stanley Financial Advisors' Senior Financial Planner, David Cechanowicz, JD, MSFS, AIF®, recently contributed to TheStreet's article, "Social Security Announces a Benefit Increase for 2017." The article discusses whether the upcoming Cost-of-Living-Adjustment for Social Security is a sign of a strong or weakening economy, the impact the adjustment will have on retirees' standard of living and buying power, and whether increasing Medicare costs will negate the adjustment entirely.
David advises seniors that rely on Social Security, without additional retirement funds, to consider working longer or working part-time, if possible, as the current economy may lend to additional opportunities for retirees to increase their income and, potentially, their Social Security benefit. Read more at TheStreet.com.