How IRMAA Can Offset COLA Increases

You might have received a Social Security cost-of-living increase this year — but did your net check actually go up?

A recent Wall Street Journal article highlights how rising Medicare premiums and IRMAA surcharges are offsetting those increases for millions of retirees - and "takes a bigger bite out of Social Security checks".

Then, a listener writes in "How to convince my husband's parents to spend their money. We don't need it." Tune in to hear that one!

And we wrap it up with our "Retire to Something" segment from Dave in Massachusetts.

Resource:

Wall Street Journal article by Laura Sanders: The Medicare Charge That's Taking a Bigger Bite Out of Social Security Checks

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