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Major Increase in Social Security Payments for 2022
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Social Security has announced the highest increase in payments since 1982. Social Security will be sending notices of a 5.9% increase. In comparison, last year's increase was 1.3%.

We have all seen higher prices just about everywhere. This inflation now means that the cost of
living needs to be adjusted. The purpose of COLA (Cost Of Living Adjustment) is to make sure
inflation doesn’t erode your Social Security benefits. Mostly, it has been the increase of energy
prices that has brought this inflation. A gallon of unleaded gasoline costs an average of $3.18, up
from $2.19 a year earlier. The price of hotel rooms has risen 19.6 percent in the past 12 months.
Used car prices have jumped 31.9 percent because the supply of new cars fell sharply. It is
expected that the inflation rate will decline to about 2 percent in 2022 if the production lines
catchup.

The Social Security Act ties the annual COLA to the increase in the Consumer Price Index as determined by the Department of Labor’s Bureau of Labor Statistics measured “in a market basket of goods and services, including food, energy and medical care”.

Congress enacted the COLA provision as part of the 1972 Social Security Amendments, and automatic annual COLAs began in 1975. Before that, benefits were increased only when Congress enacted special legislation.

The average monthly benefit for retired workers, currently $1,565, is scheduled to increase to
$1,657 in 2022. For people receiving Social Security Income (SSI), their monthly benefits of
$794 will increase to $821.

It is expected that Medicare Part B will increase approximately $10 per month, raising the
monthly rate to $158.50 for 2022 from $148.50

If you are among the 70 million of Americans receiving Social Security benefits, you can expect to be notified about your new benefit amount by mail starting in early December. You can also see your benefits status and more online. Just click here to view or create your Social Security account.
Our Next Complimentary Seminars

You are welcome to join our complimentary seminars in-person at our office or online in the comfort of your home.
Online

Friday January 7, 2022
Estate Planning in Plain English
Why it's Critical to Your Loved Ones
This easy to understand seminar will help you to learn how
to protect your family and wealth

2:00 pm - 3:00 pm

Protect Your Retirement
Don't let long-term care and probate expenses drain your assets.

4:00 pm - 4:30 pm
You may register for one or both online seminars by clicking on the above links or by contacting us at (703) 448-6121 or info@miorinilaw.com.
Yahne's Personal and Professional Corner

Our paralegal Kyla Cumberland is a new bride! Please join us in congratulating her.
Emma Goetzman is our new Associate Attorney. She joined the firm in November 2021, supporting the team in estate planning, trust administration, probate, and elder law matters. Emma is licensed to practice in Virginia.

Emma received a J.D. from Temple University in 2021, as well as a B.A. in English and Psychology from Villanova University in 2016. Emma was raised in Vienna, Virginia and now resides in Arlington.
Miorini Law has an opening for Client Relations Coordinator. You can find the details here.
Our office follows infection control recommendations made by the U.S. Centers for Disease Control and Prevention (CDC) and the Occupational Safety and Health Administration (OSHA).

We have made these changes to help protect our clients, visitors, and staff. For example:

  • We have placed air purifiers throughout the practice to remove harmful toxins from the environment.
  • We have hand sanitizer that we will ask you to use when you enter the office. You will also find some in the reception area and other places in the office for you to use as needed.
  • Seating arrangements will be managed to allow for social distancing between clients.
Our Philosophy
Yahne Miorini, LL.M
My practice emphasizes the human element, seeking to foster long-term family stability and efficient governance as well as providing wealth preservation and tax planning.

I look forward to your participation in our online seminars!

Sincerely,
Yahne