Social Security COLA Projected to Hit a Record Next Year

4 Ways to Manage Your Life Insurance Policy and its Premiums When You Retire | They Lost a Spouse but Bounced Back | How Community Property Trusts Can Benefit Married Couples Created for {EMAIL} | [Web Version]( September 22, 2022 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( [Retirement Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Social Security [] [Social Security COLA Projected to Hit a Record Next Year]( [Social Security COLA Projected to Hit a Record Next Year]( (Getty Images) Consumer prices have spiked this year, meaning a higher Social Security cost-of-living adjustment for 2023. [READ MORE]( Plus: [12 States That Tax Social Security Benefits]( [] Insurance [] [4 Ways to Manage Your Life Insurance Policy and its Premiums When You Retire]( Instead of canceling or letting your policy lapse, consider cashing it in, donating it or paying premiums another way, suggests Steve Parrish of The American College of Financial Services. [READ MORE]( Plus: [Other Uses for Life Insurance You May Not Know About]( [Learn the most important part of a guarantee.]( For 177 years, New York Life's reputation of strength has garnered it the highest financial ratings.¹ Our goal is to empower financial professionals to give clients more retirement confidence. We offer a range of solutions to meet the full breadth of retirement savers' needs. [READ MORE.]( 1. New York Life has received the highest financial strength ratings currently awarded to any U.S. life insurer by Standard & Poor's (AA+); A.M. Best (A++); Moody's (Aaa); and Fitch (AAA). Source: Individual Third-Party Ratings Reports as of 9/30/2021 ADVERTISEMENT [] Dealing With Loss [] [They Lost a Spouse but Bounced Back]( Certified financial planner Stacy Francis offers a look at how five widows got their financial lives in order and got to a better, brighter, more empowered place. They did it, and so can you. [READ MORE]( Plus:[Words of Wisdom for Hope and Happiness From One Widow to Another]( [] Taxes [] [How Community Property Trusts Can Benefit Married Couples]( Getting a step-up in basis when each spouse dies can be a big tax advantage, one that has not been available to those who live in common-law states. However, trust counsel Timothy Barrett says it may now be available through a community property trust. [READ MORE]( Plus: [Will Your Kids Inherit a Tax Bomb from You?]( [How To Earn A Tax-Advantaged 10% Dividend Yield]( The average annual return of commercial real estate over 20 years is roughly 9.5%, nearly 1% greater than the S&P 500's average annual return of 8.6%. The CRE Income Fund pays an annual 10% dividend yield and is a long-term strategy that returns over $25,000 for every $10,000 invested over the next ten years. [READ MORE]( ADVERTISEMENT [] Paying Taxes in Retirement [] [How to Keep More Money in Retirement: Tax Diversification]( [How to Keep More Money in Retirement: Tax Diversification]( No one likes paying taxes, especially once you've retired and are no longer earning a paycheck. So investment adviser representative Ron Anno has some steps to consider now that could help minimize your taxes later. [READ MORE]( Plus:[Is Your Retirement Portfolio a Tax Bomb?]( [Price Growth for Commercial Real Estate is at a Historic Pace]( With prices to lease industrial properties up an average of 25%, learn how the CRE Income Fund pays an annual 10% dividend yield and is a long-term strategy that returns over $25,000 for every $10,000 invested over the next ten years. [READ MORE]( ADVERTISEMENT [] Also on Kiplinger [] - [Recession or Not? 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