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Tag Archives: COLA increases

Planning Around the 2026 Cost-of-Living Adjustment to Social Security Benefits by Patricia Giarratano, CPA

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Posted on November 24, 2025 by Patricia Giarratano

Social Security recipients, including senior citizens, widows and people with disabilities and special needs, will receive a 2.8 percent cost-of-living adjustment (COLA) to their benefits in 2026. The increase represents an additional $56 per month in payments for benefits that include Old-Age, Survivors, and Disability Insurance (OASDI) and Supplemental Security Income (SSI). The Social Security […]

IRS Increases Retirement Plan Contribution Limits for 2023 by Jack Winter, CPA/PFS, CFP

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Posted on December 08, 2022 by Jack Winter

The IRS recently released its annual cost-of-living adjustments for retirement savers, increasing the annual limits participants can contribute to those plans in 2023. Employer-Sponsored Retirement Plans The maximum amount you may contribute via salary deferral to an employer-sponsored 401(k) or 403(b) retirement savings plan in 2023 is $22,500, up from $20,500 last year. If you […]