A close-up of a jumble of US coins.
November 28, 2018 | by Chris Stein, CFP®, Finance Instructor at Colorado State University
2019 COLA Changes

When you're done reading, be sure to listen to our audio blog below!

2019 COLA Changes

Well, the wait is over for the 2019 announcement on the cost of living adjustment (COLA) to Social Security.   I have summarized the key changes below.  For all the details you can refer to the 2019 SSA facts sheet here:  https://www.ssa.gov/news/press/factsheets/colafacts2019.pdf

 

  1. Socials Security recipients will receive a 2.8% COLA for 2019, beginning with their January 2019 payment. (click here for the list of past percentages)
  2. The new maximum taxable earnings limit is $132,900, up from $128,400.
  3. Earnings Test exempt amount goes up to $17,640/year from $17,040 in 2018.
  4. Earnings required to earn one quarter or credit of coverage is $1,360, up from $1,320.

In addition to the Social Security COLA, they have also announced that the new Medicare Part B premiums for new enrollees will go up from $134 in 2018 to $135.50 in 2019.  While nobody wants an increase, this is a minor change that most people will be thankful to see.

Comments are closed

Jim Saulnier and Associates | 970-530-0556 | 506 East Mulberry Street, Fort Collins, Colorado 80524
© 2018 Jim Saulnier, LLC. All rights reserved.

Ed Slott Advisor recognition requires an advisor to be well versed on the rules and regulations regarding IRAs.
The advisor must attend two live training sessions and pass two written exams annually to remain in the program.

Jim Saulnier, Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC to residents of: CO, IA, IN, MA, NY, TN, TX, WI and WY. No offers may be made to or accepted from any resident outside the specific states mentioned. Jim Saulnier, Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Financial Planning services offered through Jim Saulnier and Associates, LLC., a Registered Investment Advisor. Cambridge and Jim Saulnier & Associates, LLC are not affiliated.

Theme by Theme Flames, powered by Wordpress.