If you don’t retire from what’s going to happen in the next few weeks… then I don’t know if you ever truly will retire.
You see, this isn’t a retirement for “the lucky few”.
This is retirement for anybody who takes advantage of some BIG changes that benefit the baby boomers and anyone else looking to retire.
This is nothing to do with real estate, the stock market, or business.
What I’m talking about will boost the income of millions of retirees, and YOU deserve to be one of them.
The past few years of the pandemic have resulted in economic whiplash.
Was there a recession? The media thinks so.
Did you feel a recession at all?
I did not.
The term recession will always be the media’s go to when it comes to writing headlines that need to get eyes on the page, so we can really brush that off for now.
We’ve also recently seen unemployment numbers shrinking which is a great sign of economic growth…
…But how does this all play into the biggest retirement boom in 40 years?
Well, the Social Security Administration (SSA) has been taking note of this economic recovery and has decided it’s time to get some cash into the pockets of retirees (and next year’s retirees).
So don’t worry if you’re not officially retired yet. You can still take advantage of what I’m about to tell you.
What is of importance are the key numbers the SSA recently announced which has resulted in the biggest benefit boost for retirees since 1982.
The SSA is boosting social security benefits by 8.7%.
These benefits haven’t been boosted this much since 1981’s 11.2%. that’s over 40 years ago!
This is all compared to a very low 1.3% in 2021.
This is a massive boost to retirees and those looking to retire as it provides peace of mind of a decent sized paycheck coming in each month.
How is the government affording this?
Well, they’re not just going to turn that old Federal Reserve printer on again like they did with the stimulus checks in the last couple of years (although that was a nice little bonus).
They’re actually raising the maximum amount of earnings subject to social security tax to 6.2% on the first $160,200 of wages.
About 12 million high-earning Americans will see a larger tax bill, but this is being done to help the Baby Boomer generation into a smooth retirement.
So, whether you’re retired already or are about to retire, here’s to a Retirement Boom in 2023!