When Are the 2020 COLA Amounts Being Announced?

[rocknrolls2]

With the Social Security Administration announcing its COLAs on the taxable wage base as well as the increased Social Security retirement benefit, the IRS now has all the information it needs to be able to announce the 2020 dollar amounts as indexed for the cost of living. Any indication of when this will happen?

[Larry Starr]

4 hours ago, rocknrolls2 said:

With the Social Security Administration announcing its COLAs on the taxable wage base as well as the increased Social Security retirement benefit, the IRS now has all the information it needs to be able to announce the 2020 dollar amounts as indexed for the cost of living. Any indication of when this will happen?

Yes; soon (in geological terms).

[Lois Baker]

Finally!

https://www.irs.gov/pub/irs-drop/n-19-59.pdf

[Dave Baker]

BenefitsLink Retirement Plan Newsletter subscribers had a special bulletin issue in their email inboxes at about 10:16 a.m.

The online archived copy of the bulletin is at https://benefitslink.com/newsletters/2019/2019_11_06_retirement_bulletin.html

Be sure you're a subscriber -- there is no cost -- by using our online sign-up form (click).

[Larry Starr]

6 hours ago, Dave Baker said:

BenefitsLink Retirement Plan Newsletter subscribers had a special bulletin issue in their email inboxes at about 10:16 a.m.

The online archived copy of the bulletin is at https://benefitslink.com/newsletters/2019/2019_11_06_retirement_bulletin.html

Be sure you're a subscriber -- there is no cost -- by using our online sign-up form (click).

Shameless plug, but EVERYONE who is not a subscriber is missing one of the most important daily updates in our industry! (Another shameless plug, but this time from me!).

[Lois Baker]

8 minutes ago, Larry Starr said:

Shameless plug, but EVERYONE who is not a subscriber is missing one of the most important daily updates in our industry! (Another shameless plus, but this time from me!).

Thanks so much, Larry -- we aim to please!