ANNOUNCED! Social Security Payment Worth $1,657 Coming TOMORROW

Find out about the social security payment worth $1,657 coming tomorrow update of 2022. This year, retired workers have seen a boost of $92 on average as their monthly SS payment has risen from $1,565 to $1,657. Benefits increased in line with the cost-of-living-adjustment rise of 5.9 percent which came into force on January 1. The COLA is calculated based on data from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which measures changes in the cost of popular goods and services. The next checks for retirees born between the first and 10th of the month will be sent on Wednesday, March 9. And those born in the middle of the month, from the 11th to the 20th, will get their payments on March 16. The cycle is repeated throughout the year. If you work fewer years, the zeros that you accumulate will affect the amount you may receive. Beneficiaries must’ve also earned the Social Security taxable minimum to be line for the bumper sum. In 2022, the wage cap is $147,000 – which is up from $142,800 in 2021 – an increase of $4,200. To get the maximum benefit, seniors must’ve been a high earner throughout their time in employment. And, Americans must wait until they turn 70 before they start collecting the benefits.

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Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.

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