Some good news to share about Social Security and Medicare:
- Earnings Limitations in 2017 will increase from $15,720 to $16,920 annually or $1410 per month.
- In the year you turn Full Retirement Age, Earnings Limitations increase from $41,880 to $44,880 or $3740 per month.
- The maximum SS benefit in 2017 rises to $2687.
- Medicare will increase to $134 per month for people 65 and older who do not yet collect Social Security benefits, higher-income retirees subject to a premium surcharge, and those who will be enrolling in Part B for the first time in 2017.
We do not handle Medicare issues, but wanted to include this information to our readers. Also, the cap on SS wages is going to increase from $118,500 to $127,200.
Getting your Social Security benefits right the first time is essential, as it is basically a permanent decision. There are 10,000 Boomers retiring each and every day and 40% regret the decision they made…..don’t find yourself in this category. We have your back on this one!!
Roy and Diane Thompson are both National Social Security Advisors and Roy is a former CPA of 40 years. Their guidance and direction will make a difference for you and your family. You may contact Pillars LLC on our website at www.pillarsllc.com or email at dthompson@pillarsllc.com or simply give us a call at 601-954-0699. We are located in Corinth, MS but assist clients throughout the United States.
