The Social Security Administration has announced that there will be no increase in monthly Social Security benefits in 2016. Additionally, the maximum amount of wages subject to Social Security taxes will remain unchanged at $118,500.

Your estate plan: Don’t forget about income tax planning
With the estate tax exemption at $12.06 million 2022, many estates won’t be subject to estate tax. As a result, more planning can be devoted to saving income taxes for your heirs.