That's lower than an earlier 10.5% estimate, but it would still be the biggest increase since 1981.
The increase could add $2,280 a year to retiree benefits.
Johnson endorsed the idea of Congress annually debating the funding for the programs like any other budget item.
A key to the strategy is to lower required minimum distributions that can result in higher marginal tax rates.
Right now monthly core inflation is clearly accelerating.
The increase is 1.9 percentage points more than May's 8.6% estimate and could be the biggest since 1981.
A widow should compare the maximum survivor benefits and her retirement benefits at age 70, a Social Security expert said.
Clients may want to pre-empt the extension in RMD age requirements to save on taxes, two Social Security experts said.
The proposal would lift the $250,000 annual income cap on Social Security taxes.
The Social Security and Medicare Board of Trustees projects a depletion in funds in 2035.
You can't always see the action of the play when you're in the audience.
The group claims the middle-class, especially Black and Latino investors, would be most hurt by the fiduciary rule.
These clients trust their plans, leaving panic to the unadvised, advisors say.
Yet surveyed Americans expect their retirement healthcare costs to only amount to $41,000.
The estimated increase could be 8.6%, the highest since 1981, according to data from the Senior Citizens League.
Experts say that it pays to keep calm and not make any drastic, stress-fueled decisions.
Medicare recipients can even see their fees rise for selling a home or Roth conversions, advisors warn.
Two years on, people are rethinking the career choices they made in the heat of the pandemic. Here's how advisors can help.
This investment strategy enables advisors to help clients meet personal objectives without chasing returns.
Surveyed workers and retirees said the pandemic hasn't derailed their retirement plans.