I wanted to take a moment to share a few updates that came out recently, since they touch on your income, the broader economy and your retirement savings. None of them call for any big changes, but they’re helpful to know as we plan for 2027.
Social Security is going up 3.6% in 2027
The Social Security Administration announced this morning that benefits will rise 3.6% next year, which works out to about $75 more per month for the average retiree, starting with January payments. If you have amy Social Security account, you can see your personal notice online starting in late November. Otherwise, it will arrive by mail in December. Since Medicare Part B premiums come out of most retirees’ checks and the 2027 premium is usually announced in mid-November, your net increase may be slightly different from the headline number.
Inflation ticked up in September
Prices rose 3.7% over the past year, with higher gas prices accounting for more than half of last month’s increase. Core inflation, which leaves out food and energy, came in at 2.6%. This reinforces that the Fed will likely raise rates again before the end of the year, as expected. The question now is whether that happens at its upcoming meeting on October 27-28 or in December, as originally anticipated. We follow these numbers closely and make tactical adjustments in your portfolio as the economy and markets shift, while your long-term strategy stays in place. Your plan was built with changes like this in mind.
Once the IRS releases the 2027 contribution limits for 401(k)s, IRAs and other retirement accounts, which we expect in the near future, we’ll share the new numbers along with next year’s tax brackets and standard deduction and what they mean for your savings and year-end planning. Here are the current anticipated contribution limits:
Financial Advice is offered through Certus Wealth Management LLC, a Registered Investment Adviser.
This message and any attachments are solely for the intended recipient and may contain confidential or privileged information. If you are not the intended recipient, any disclosure, copying, use, or distribution of the information included in this message and any attachments is prohibited. If you have received this communication in error, please notify us by reply email and immediately and permanently delete this message and any attachments. Thank you.
This material prepared by Certus Wealth Management, LLC (“Certus Wealth”) is for informational purposes only. It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product. Opinions expressed by Certus Wealth are based on economic or market conditions at the time this material was written. Economies and markets fluctuate. Actual economic or market events may turn out differently than anticipated. Facts presented have been obtained from sources believed to be reliable. Certus Wealth, however, cannot guarantee the accuracy or completeness of such information, and certain information presented here may have been condensed or summarized from its original source. Certus Wealth does not provide tax or legal advice, and nothing contained in these materials should be taken as tax or legal advice.
Certus Wealth Management, 1025 Alameda de las Pulgas, Ste. 102, Belmont, CA 94002, (650) 232-2023
