Now that we’ve entered 2015, a few major changes have happened in Social Security, meaning your retirement plan may be affected, according to AARP. Consider how these alterations could affect your lifestyle.
1. A bigger payout
The Social Security Administration has decided to increase the payout for recipients by 1.7 percent, due to an adjustment in the annual cost of living, which occurs every year. Some years there are small changes, and other years there are large ones, Yahoo! Finance stated. The SSA examined the Consumer Price Index from the third quarter of 2013 and the third quarter …read more