--- title: | Social Security description: Social Security | --- [Login](https://www.covisum.com/login-experience) | [Call: 402-235-4500](tel:1-402-235-4500) | [Contact Us](https://www.covisum.com/contact) ** [![covisum-logo](https://www.covisum.com/hs-fs/hubfs/covisum-logo.png?width=264&height=41&name=covisum-logo.png "covisum-logo")](https://www.covisum.com/) [![Start Your Free Trial](https://no-cache.hubspot.com/cta/default/2755909/b23743cd-d0df-4907-a66d-293b58ab1164.png)](https://cta-redirect.hubspot.com/cta/redirect/2755909/b23743cd-d0df-4907-a66d-293b58ab1164) [![Contact Us](https://no-cache.hubspot.com/cta/default/2755909/6c6d7fe7-e094-4fc0-9c82-d93d4ccbb532.png)](https://cta-redirect.hubspot.com/cta/redirect/2755909/6c6d7fe7-e094-4fc0-9c82-d93d4ccbb532) # Press Browse by topic All Topics In The News Social Security Tax Fintech benefit cuts COLA Marketing retirement widow benefit Risk 401(k) Biden CARESAct IRS Income Planning Roth Trustees report investing Subscribe to our news ![CNBC: Social Security trust funds depletion date moves](https://www.covisum.com/hubfs/Door%20of%20a%20new%20contemporary%20office%20building.jpeg) #### In The News ### [CNBC: Social Security trust funds depletion date moves](https://www.covisum.com/press/cnbc-social-security-trust-funds-depletion-date-moves) on April 1, 2023 | By [Katie Godbout, Vice President of Sales & Marketing](https://www.covisum.com/press/author/katie-godbout-vice-president-of-sales-marketing) Social Security’s combined funds that pay retirement, disability and family benefits will be able to pay scheduled benefits until 2034, according to the program’s annual trustees report released on March 31, 2023. [Read More **](https://www.covisum.com/press/cnbc-social-security-trust-funds-depletion-date-moves) ![CNBC: Social Security’s 8.7% cost-of-living adjustment and claiming benefits](https://www.covisum.com/hubfs/Smiling%20couple%20riding%20their%20bikes%20on%20the%20beach%20on%20a%20sunny%20day.jpeg) #### In The News ### [CNBC: Social Security’s 8.7% cost-of-living adjustment and claiming benefits](https://www.covisum.com/press/cnbc-social-securitys-8.7-cost-of-living-adjustment-and-claiming-benefits) on January 12, 2023 | By [Katie Godbout, Vice President of Sales & Marketing](https://www.covisum.com/press/author/katie-godbout-vice-president-of-sales-marketing) Beneficiaries of Social Security will see an increase of 8.7% to their benefits for 2023, which is the most significant adjustment in 40 years. However, experts advise that those nearing the retirement benefit eligibility age of 62 should wait to claim their benefits rather than doing so to take advantage of the cost-of-living adjustment. [Read More **](https://www.covisum.com/press/cnbc-social-securitys-8.7-cost-of-living-adjustment-and-claiming-benefits) ![CNBC: Social Security benefits are set to rise. Here’s how to find out how much more money you may receive](https://www.covisum.com/hubfs/Business%20woman%20in%20homey%20environment%20using%20laptop%20with%20global%20financial%20report%20concept.jpeg) #### In The News ### [CNBC: Social Security benefits are set to rise. Here’s how to find out how much more money you may receive](https://www.covisum.com/press/cnbc-social-security-benefits-are-set-to-rise.-heres-how-to-find-out-how-much-more-money-you-may-receive) on October 21, 2022 | By [Lauren Laferla, Director of Communications](https://www.covisum.com/press/author/lauren-laferla-pr-content-marketing-manager) In early October, the Social Security Administration announced an 8.7% cost-of-living adjustment for 2023. This recent CNBC article outlines how to calculate exactly how much bigger monthly benefit checks will be next year. [Read More **](https://www.covisum.com/press/cnbc-social-security-benefits-are-set-to-rise.-heres-how-to-find-out-how-much-more-money-you-may-receive) ![CNBC: What a record 8.7% Social Security cost-of-living adjustment could mean for taxes on benefits](https://www.covisum.com/hubfs/Asian%20old%20couple%20using%20tablet.jpeg) #### In The News ### [CNBC: What a record 8.7% Social Security cost-of-living adjustment could mean for taxes on benefits](https://www.covisum.com/press/cnbc-what-a-record-social-security-cost-of-living-adjustment-could-mean-for-taxes-on-benefits) on October 20, 2022 | By [Lauren Laferla, Director of Communications](https://www.covisum.com/press/author/lauren-laferla-pr-content-marketing-manager) An 8.7% Social Security cost-of-living adjustment for 2023 could have significant tax implications for beneficiaries. This recent CNBC article examines how an 8.7% increase will impact taxes on Social Security benefits, and how retirees can minimize the tax impact. [Read More **](https://www.covisum.com/press/cnbc-what-a-record-social-security-cost-of-living-adjustment-could-mean-for-taxes-on-benefits) ![The Street: Expert Advice on Social Security's 8.7% COLA](https://www.covisum.com/hubfs/Couple%20signing%20loan%20grant%20on%20digital%20tablet-1.jpeg) #### In The News ### [The Street: Expert Advice on Social Security's 8.7% COLA](https://www.covisum.com/press/the-street-expert-advice-on-social-security-cola) on October 14, 2022 | By [Lauren Laferla, Director of Communications](https://www.covisum.com/press/author/lauren-laferla-pr-content-marketing-manager) The Social Security Administration just announced the most significant cost-of-living-adjustment since the 1980s. In this article for The Street, Covisum® Founder and President, Joe Elsasser, CFP® outlines how the 2023 Social Security cost-of-living-adjustment could impact retirees. [Read More **](https://www.covisum.com/press/the-street-expert-advice-on-social-security-cola) ![CNBC: Social Security cost-of-living adjustment will be 8.7% in 2023, highest increase in 40 years](https://www.covisum.com/hubfs/Mature%20couple%20with%20their%20bikes.jpeg) #### In The News ### [CNBC: Social Security cost-of-living adjustment will be 8.7% in 2023, highest increase in 40 years](https://www.covisum.com/press/cnbc-social-security-cost-of-living-adjustment-will-be-8.7-in-2023) on October 13, 2022 | By [Lauren Laferla, Director of Communications](https://www.covisum.com/press/author/lauren-laferla-pr-content-marketing-manager) The Social Security Administration recently announced a 8.7% cost-of-living adjustment for 2023. This is the highest increase since the eighties. This CNBC article further explains how an 8.7% increase will impact retirees in the coming year. [Read More **](https://www.covisum.com/press/cnbc-social-security-cost-of-living-adjustment-will-be-8.7-in-2023) ![ThinkAdvisor: Mental Health Could Have Major Impact on Social Security Trust Fund](https://www.covisum.com/hubfs/Young%20depressed%20woman%20taking%20advice%20from%20her%20psychologist.jpeg) #### In The News ### [ThinkAdvisor: Mental Health Could Have Major Impact on Social Security Trust Fund](https://www.covisum.com/press/thinkadvisor-mental-health-could-have-major-impact-on-social-security-trust-fund) on July 29, 2022 | By [Lauren Laferla, Director of Communications](https://www.covisum.com/press/author/lauren-laferla-pr-content-marketing-manager) The 2022 Social Security Trustees report projected a surplus for the disability insurance trust fund; however, there is reason to believe that Social Security disability claims will increase rather than decrease. The COVID-19 pandemic has impacted many people’s mental health. There was a 27.6% increase in cases of major depressive disorder and a 25.6% increase in anxiety disorders in 2020, according to the World Health Organization. In addition, workers are leaving the workforce due to mental health conditions, and anxiety and depression are both covered by Social Security disability. In this recent ThinkAdvisor article, Joe Elsasser, CFP®, takes a closer look at the most recent assumptions for the disability trust fund and how mental health could impact the future of the program. [Read More **](https://www.covisum.com/press/thinkadvisor-mental-health-could-have-major-impact-on-social-security-trust-fund) ![PLANADVISER Magazine: A Social Security Solvency Q&A](https://www.covisum.com/hubfs/Two%20%20colleages%20discussing%20ideas%20using%20a%20tablet%20computer.jpeg) #### Social Security ### [PLANADVISER Magazine: A Social Security Solvency Q&A](https://www.covisum.com/press/planadviser-magazine-a-social-security-solvency-qa) on July 18, 2022 | By [Lauren Laferla, Director of Communications](https://www.covisum.com/press/author/lauren-laferla-pr-content-marketing-manager) PLANADVISER Magazine recapped Covisum's recent Q&A on the 2022 Social Security Trustees Report. In the webinar, Covisum Founder and President Joe Elsasser, CFP®, answered questions about the report's findings and offered suggestions on how advisors can use the report in their Social Security planning. [Read More **](https://www.covisum.com/press/planadviser-magazine-a-social-security-solvency-qa) ![ThinkAdvisor: How to Help Retirees Avoid Tax Traps in Social Security, Capital Gains](https://www.covisum.com/hubfs/GettyImages-160913952.jpg) #### In The News ### [ThinkAdvisor: How to Help Retirees Avoid Tax Traps in Social Security, Capital Gains](https://www.covisum.com/press/thinkadvisor-how-to-help-retirees-avoid-tax-traps-in-social-security-capital-gains) on June 1, 2022 | By [Lauren Laferla, Director of Communications](https://www.covisum.com/press/author/lauren-laferla-pr-content-marketing-manager) On May 26, Covisum® hosted a webinar titled, Retirement Tax Strategies for RIAs. This recent ThinkAdvisor article recaps the webinar's tips for helping clients take advantage of tax-saving opportunities and avoid unnecessary taxes in retirement. [Read More **](https://www.covisum.com/press/thinkadvisor-how-to-help-retirees-avoid-tax-traps-in-social-security-capital-gains) ![CNBC: Wages up to $147,000 are currently taxed for Social Security. How that could change](https://www.covisum.com/hubfs/The%20Capitol%20and%20Reflecting%20Pool%20in%20Washington%2c%20DC..jpeg) #### In The News ### [CNBC: Wages up to $147,000 are currently taxed for Social Security. How that could change](https://www.covisum.com/press/cnbc-proposed-tax-changes-to-shore-up-social-security) on April 30, 2022 | By [Lauren Laferla, Director of Communications](https://www.covisum.com/press/author/lauren-laferla-pr-content-marketing-manager) To shore up the Social Security program lawmakers will need to make some changes — raise taxes, cut benefits or do a combination of both. One suggestions is to increase taxes for higher wage earners. This CNBC article take a closer look at the proposed tax changes. 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