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we know Social Security recipients are going to receive a big 8.7 cost of living adjustment but whos paying for it are you going to have to pay more in Social Security taxes youre not going to like this answer I got that more coming up [Music] my name is Mike Bernard Im the host of the wise money show Im also one of the certified financial planners right here at cohern Financial Group make sure you hit that subscribe button turn on notifications and smash that Thumbs Up Button you might not want to though depending on if youre retired and driving Social Security or if youre not yet we all know that one of the big advantages of Social Security and why its so important for you to plan appropriately for it as youre kind of building your own financial plan your retirement plan is its the only one of the only income sources youre going to have in retirement that slays all three retirement risk dragons okay and so number one theres no Market volatility whether the Markets up mar