Our Head of Financial Planning, Drew Barnes, CFP®, discusses the cost of living adjustment (COLA) that Social Security benefits will be receiving for 2023.  Drew discusses how this COLA compares to years prior, the potential tax implications, and what this may mean for your overall financial picture.

The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security.  It is only intended to provide education about the financial industry.  To determine which investments may be appropriate for you, consult your financial advisor prior to investing.  As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional.    

Traction Financial Partners, LLC is a registered investment adviser.  Advisory services are only offered to clients or prospective clients where Traction Financial Partners, LLC and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Traction Financial Partners, LLC unless a client service agreement is in place.