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  2. 3 Social Security Changes Retirees Need to Know About in 2024

    www.aol.com/finance/3-social-security-changes...

    3. The Social Security payroll tax covers more income. In 2024, workers will pay Social Security tax on their first $168,600 in wages. That's up 5.3% from $160,200 in 2023. That's notably higher ...

  3. Social Security Cuts: 4 Ways Middle-Class Retirees Can ... - AOL

    www.aol.com/social-security-cuts-4-ways...

    For example, if you have $300,000 in retirement savings, you’d withdraw $12,000 your first year of retirement. If the inflation rate is 3%, you would spend $12,000 plus 3% the next year ($360 ...

  4. Here’s the average Social Security benefit for retirees right ...

    www.aol.com/finance/average-social-security...

    The present and future of Social Security. The 3.2% Social Security cost-of-living adjustment (COLA) that took effect in January 2024 was announced in October 2023 and is based on the increase in ...

  5. Retirees in These 10 States Risk Losing Some of Their Social ...

    www.aol.com/finance/retirees-10-states-risk...

    Colorado: Retirees 65 and older can deduct all of their Social Security benefits from their state income tax. Retirees 55 to 64 can deduct up to $20,000 in retirement income. Connecticut: You can ...

  6. Social Security 2023: Here’s Where Retirees Rely on Social ...

    www.aol.com/finance/social-security-2023-where...

    On the other end of the spectrum, retirees who rely the least on Social Security are largely concentrated in California, with one exception: Washington, D.C. Retirees in the nation’s capital ...

  7. 2 Little-Known Social Security Rules Could Get Some Retirees ...

    www.aol.com/2-little-known-social-security...

    2. Hit the pause button. The second rule isn't nearly as powerful as the ability to withdraw your application, but it's much more accessible. You can suspend your benefits upon reaching your full ...

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