It has been my custom for most of the past 27 years to write a year-end column that summarizes the Social Security updates scheduled to take place the following year. I already discussed some of these updates in a column back in October when they were first announced, but it doesn’t hurt to repeat them here. (They all grow out of the annual cost-of-living adjustments that have been part of the program since 1973.)
But before I go on, I’ve got to address a related and totally misleading ad that pops up every day on my cellphone and iPad, and I’m sure it does on your devices, too. The headline goes something like this: “Here are 6 major changes to Social Security coming in 2024 that you probably don’t know about.”