Kornfeld Law Firm’s Post

Retirement is looking a little different next year, and we've got the scoop on what’s coming your way! ✨ Benefit Boost: A 2.5% increase means a bit more in your pocket, but remember—inflation still plays a role. 💼 Taxable Maximum: Get ready for the new $176,100 threshold. Consider bumping up those IRA contributions! 💰 Work & Earn: The earnings test exemption is now $23,400—great news if you want to keep working without sacrificing your benefits. 📈 Maximum Monthly Benefit: Reach $4,018 at full retirement age, and remember, delaying benefits could lead to even more! 📊 Work Credits: The requirement for a single credit rises to $1,810. Stay sharp if you're working part-time! Got questions on how these updates will impact your retirement plans? We're here to help! Reach out to our team to schedule a consultation today! #SocialSecurity #RetirementReady #KornfeldLawFirm #BrooklynWill #BrooklynSeniors #BrooklynElderlaw #BrooklynEstatePlanning #WealthPlanning #EstatePlanningAttorney #ElderLawAttorney #BrooklynProbate

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