{"id":10635,"date":"2021-11-12T21:55:48","date_gmt":"2021-11-12T21:55:48","guid":{"rendered":"https:\/\/ferofinancial.com\/?p=10635"},"modified":"2023-02-23T17:33:19","modified_gmt":"2023-02-23T17:33:19","slug":"2022-social-security-changes","status":"publish","type":"post","link":"https:\/\/advisors1.bradcable.com\/ferofinancial\/2022-social-security-changes\/","title":{"rendered":"2022 Social Security Changes"},"content":{"rendered":"<p><strong>Cost-of-Living Adjustment (COLA):<\/strong><\/p>\n<p>Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2020 through the third quarter of 2021, Social Security and Supplemental Security Income (SSI) beneficiaries will receive a 5.9 percent COLA for 2022. Other important 2022 Social Security information is as follows: <\/p>\n<p><img decoding=\"async\" style=\"--smush-placeholder-width: 837px; --smush-placeholder-aspect-ratio: 837\/129;margin-left: auto;margin-right: auto\" data-src=\"https:\/\/advisors1.bradcable.com\/ferofinancial\/wp-content\/uploads\/sites\/129\/2021\/11\/2022-Social-Security-Changes-COLA-Fact-Sheet.jpg\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\"><\/p>\n<p>NOTE: The 7.65% tax rate is the combined rate for Social Security and Medicare. The Social Security portion (OASDI) is 6.20% on earnings up to the applicable taxable maximum amount (see below). The Medicare portion (HI) is 1.45% on all earnings. Also, as of January 2013, individuals with earned income of more than $200,000 ($250,000 for married couples filing jointly) pay an additional 0.9 percent in Medicare taxes. The tax rates shown above do not include the 0.9 percent. <\/p>\n<p><img decoding=\"async\" style=\"--smush-placeholder-width: 844px; --smush-placeholder-aspect-ratio: 844\/380;margin-left: auto;margin-right: auto\" data-src=\"https:\/\/advisors1.bradcable.com\/ferofinancial\/wp-content\/uploads\/sites\/129\/2021\/11\/2022-Social-Security-Changes-COLA-Fact-Sheet-1.jpg\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\"><\/p>\n<p>Social Security National Press Office Baltimore, MD <\/p>\n<p><img decoding=\"async\" style=\"--smush-placeholder-width: 832px; --smush-placeholder-aspect-ratio: 832\/204;margin-left: auto;margin-right: auto\" data-src=\"https:\/\/advisors1.bradcable.com\/ferofinancial\/wp-content\/uploads\/sites\/129\/2021\/11\/2022-Social-Security-Changes-COLA-Fact-Sheet-2.jpg\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\"><\/p>\n<p><img decoding=\"async\" style=\"--smush-placeholder-width: 910px; --smush-placeholder-aspect-ratio: 910\/920;margin-left: auto;margin-right: auto\" data-src=\"https:\/\/advisors1.bradcable.com\/ferofinancial\/wp-content\/uploads\/sites\/129\/2021\/11\/Becky20Fero-20Blog20Post-page-002.jpg\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\"><\/p>\n<p><a href=\"https:\/\/advisors1.bradcable.com\/ferofinancial\/wp-content\/uploads\/sites\/129\/2021\/11\/2022-Social-Security-Changes.pdf\" target=\"_blank\" rel=\"noopener\">Click here to download a PDF of this report.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2020 through the third quarter of 2021, Social Security and Supplemental Security Income (SSI) beneficiaries will receive a 5.9 percent COLA for 2022.<\/p>\n","protected":false},"author":77,"featured_media":10643,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","wds_primary_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-10635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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