Social Security Just Changed for Anyone Born Before 1967: One Group Gets Nothing in January
Kevin Explains
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Social Security Just Changed for Anyone Born Before 1967: One Group Gets Nothing in January
56 602 просмотра · 23 ч назад
Kevin Explains
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56 602 просмотра · 23 ч назад
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Your birth year now decides what happens to your Social Security in January. Same raise, three different outcomes, plus the two bills the raise never counted.
What You'll Learn:
Which of the three birth year groups you fall into
Why one group gets none of the 3.6% raise, and why that may not cost them
How the January 1 birthday rule changes your retirement age, Medicare start and senior deduction
Why the inflation measure leaves out property tax and the insurance on your house
What to check on your insurance, property tax and utility bills
Questions, or business and collaboration inquiries? Write to me at kevinexplainsofficial@gmail.com
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CHAPTERS
0:00 One Raise, Three Groups
1:34 Group One: Born 1961 or Earlier
2:55 Group Two: Born 1962 to 1964
8:05 Group Three: Born 1965 or 1966
12:43 What the Raise Was Built From
14:15 Homeowners Insurance
17:12 Property Tax
20:12 Utilities, Water and Subscriptions
23:40 The Raise Run Through One House
25:13 Your Action List
26:16 Recap
This video is for general education only and is not financial, tax or legal advice. Rules and figures can change, and your situation is your own, so confirm details with Social Security, the IRS or a qualified professional.
Sources: Social Security Administration (2027 COLA fact sheet, bend points, average wage index, POMS), Medicare.gov, IRS, Bureau of Labor Statistics, Newrez, ATTOM, Bluefield Research, EPA WaterSense, Missouri Department of Commerce and Insurance
#SocialSecurity #COLA #Retirement #Seniors #Medicare