11 Less Known, Hidden, and Surprising Facts About Retirement Changes in 2024

The 2024 Social Security cost-of-living adjustment (COLA) is among the highest in recent history.

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The COLA adjustment affects not only retirees but also disability benefits.

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Earnings limits for the Social Security test have increased significantly.

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The Medicare Part B premium rise is one of the largest in the last decade.

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Changes in Medicare premium deductions directly impact net Social Security benefits.

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The annual deductible for Medicare Part B has seen a notable increase.

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Many retirees are unaware that failing to meet RMD requirements can result in steep penalties.

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New RMD age requirements provide more flexibility for retirement planning.

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Social Security's earnings test no longer applies once you reach full retirement age, providing more financial freedom

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Higher Medicare premiums reflect the rising costs of healthcare services.

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The increase in earnings exempt from the Social Security test helps retirees keep more of their benefits.

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