A sizable Social Security cost of living adjustment takes effect in 2022. For most recipients however, that increase will be offset, and in some cases exceeded by, an increase in Medicare premiums. CFN’s John Walker and Tim Joseph, CFP, CPA, detail the reasons for the current steep increase in Medicare costs. They also discuss what you can do to reduce your annual taxable income to help ensure that you are paying the smallest possible amount in Medicare premiums.
Listening Time: 19 minutes