Social Security

Let's Talk Social Security Lionsgate Advisors

Let’s Talk Social Security

January 23, 2023
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For most, Social Security provides a solid foundation for retirement income. In fact, as of September 2022, over 70 million Americans were collecting benefits.[1] However, not everyone knows exactly how or when to start tapping into this resource. As you grow older and retirement looms on the horizon, the decisions you make start to have […]

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What the High Social Security COLA Could Mean for Your Retirement Finances LionsGate Advisors

What the High Social Security COLA Could Mean for Your Retirement Finances

November 1, 2021
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Social Security recipients will see a 5.9% increase in 2022 – the largest increase since 1982! This means that the average recipient will see a $92 a month raise starting next year.[1] While this is good news, it’s important to consider what this high Social Security cost-of-living adjustment (COLA) could mean for your overall retirement […]

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Examining the Future of Social Security, Medicare, and Your Taxes Lionsgate Advisors

Examining the Future of Social Security, Medicare, and Your Taxes

September 20, 2021
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The Social Security trust fund is now expected to be depleted by 2034, according to a recent report from the Social Security and Medicare trustees.[1] That’s one year earlier than they reported last year, and the pandemic is to blame. Less was collected in payroll taxes when unemployment was high, and more people claimed benefits. […]

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How Will Social Security Respond to Higher Inflation?

August 1, 2021
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Inflation is on the rise, and Federal Reserve Chairman Jerome Powell recently testified to Congress regarding the Federal Reserve’s commitment to controlling inflation. He admitted that inflation is “well above target” but didn’t indicate any major changes in Fed policy in the near future.[1] Retirees may need to be concerned about inflation, which can eat […]

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Where Could Your Retirement Income Come From?

July 25, 2021
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You’re used to receiving a paycheck, and perhaps you’ve been used to it steadily increasing over the course of your career. You may have experienced what’s known as “lifestyle inflation” and may not plan to downgrade in retirement. Whatever the case, it’s important to know where your retirement income will come from. It could come […]

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