As we all know, dining out, gas, groceries, and other expenses have been on the rise over the last 10 years but unfortunately Social Security (SS) payouts have largely remained the same.
A non-partisan senior advocacy group, The Senior Citizens League, has projected that SS checks will rise by 2.8% across the board in 2019. This would increase the maximum benefit for someone at full retirement age by $78 a month; or almost a thousand dollars a year.
The Social Security Administration is set to announce the cost of living adjustment this month. If this increase is not enough to help you live in retirement as you need; feel free to contact Robert Krepps for a free HECM program analysis. This report will tell you if you qualify to eliminate your mortgage payment, if you qualify for a substantial monthly check for life, or if you qualify for a large lump sum payout or funds available in a government insured Line of Credit. Robert Krepps can be reached at email@example.com or at 877-567-7476.