Smart Money Questions

Recently, there was a COLA increase of 1.6% for Social Security benefits. Matt will give his thoughts on the long term benefit of having a COLA increase, even though the percentage may not seem impressive at first. We will also discuss why working past age 65 is not so uncommon anymore and the importance of mapping out a plan with how you would like to spend your time in retirement. Show Notes and Additional Resources: Working Past 65 Article: https://www.cnbc.com/2019/12/30/why-retiring-at-65-could-become-a-thing-of-the-past.html Retiring Abroad Article: https://www.foxnews.com/real-estate/12-affordable-places-retire   2:57- Learn how the COLA increase has a better long term benefit than you think. 5:00- Collecting Social Security early and how the increased income threshold could affect you.  7:03- The IRS changed the contribution limits to qualified retirement accounts.  9:44- The SECURE was passed and significant changes were made that will affect retirement planning.  11:28- The implementation o