Delaying Social Security may boost Medicare costs
Clients who elected to file and suspend their Social Security benefits will be hit with a big Medicare Part B increase next year but don't panic. Delaying is still a good strategy.
Recently, I wrote about a double-whammy to future retirement income for some higher-income clients in 2016. Although there is not likely to be a cost-of-living-adjustment for Social Security benefits next year, Medicare premiums may increase sharply for some, resulting in a net decline in retirement
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