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Day: March 2, 2023

2023’s Social Security Increase – Is It a Financial Boon or a Tax Bomb?

Social Security

2023 ushered in an 8.7% increase, the largest raise in Social Security benefits in over forty years. Don’t get me wrong, this was a welcome increase and has helped millions of Social Security recipients. At least a little bit. But was it enough?

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Cutter Financial Group, LLC is an SEC-Registered Investment Advisor that specializes in building retirement systems for folks who are in the accumulation, transition, and distribution stages of their financial lifecycle. We help to educate our clients and to provide them with the information and resources they need to take control of their financial future. Control allows our clients to have added confidence in their retirement plan to help provide added peace of mind.

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©2025 Cutter Financial Group, LLC. All rights reserved.

Cutter Financial Group, LLC is an SEC-Registered Investment Advisor. Insurance products and services are offered through its affiliate, CutterInsure, Inc. The Best Financial Planning Services award is designated by The USA Today Network via The Cape Cod Times, awarded in 2025. The Cape Cod Times chooses the Best Financial Planning Services winner per public votes. Cutter Financial Group,LLC does not pay a fee to receive the award. Working with a Financial Planner recipient advisor or wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment in the future.Investing involves risk, including possible loss of principal.

Cutter Financial Group, LLC (“Cutter Financial”) is an SEC Registered Investment Advisor (“RIA”). Cutter Financial provides investment advisory and related services for clients nationally as well as offers insurance and annuity products. Cutter Financial will maintain all applicable registration and licenses as required by the various states in which Cutter Financial conducts business, as applicable. Cutter Financial renders individualized responses to persons in a particular state only after complying with all regulatory requirements, or pursuant to an applicable state exemption or exclusion.Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy will be profitable. Asset allocation may be used in an effort to manage risk and enhance returns. It does not, however, guarantee a profit or protect against loss. Performance of the asset allocation strategies depends on the underlying investments. This website is intended to provide general information about Cutter Financial and its services. It is not intended to offer or deliver investment advice in any way. Information regarding investment services is provided solely to gain an understanding of our investment philosophy and our strategies and to be able to contact us for further information.The information and calculators provided via this website are general information, meant to introduce you to our areas of expertise. Articles, calculators, and other sources of information are not intended to replace the professional advice of a trained retirement professional.Insurance products and annuities offered through Cutterinsure, Inc., MA insurance license #2080572. Cutterinsure and Cutter Financial are under common control, but offer its services separately. The Advisor does not receive additional revenue from commissions earned through Cutterinsure. In addition, the Advisor does not charge advisory fees on any funds used to purchase insurance products.

Insurance products and annuities offered through Cutterinsure, Inc., MA insurance license #2080572. Cutterinsure and Cutter Financial are under common control, but offer its services separately. The Advisor does not receive additional revenue from commissions earned through Cutterinsure. In addition, the Advisor does not charge advisory fees on any funds used to purchase insurance products.
Investment advisory services are provided in accordance with a fiduciary duty of care and loyalty that includes putting your interests first and disclosing conflicts. Insurance services have a best interest standard which requires recommendations to be in your best interest. Advisors may receive commission for the sale of insurance and annuity products. Additional details including potential conflicts of interest are available in our firm’s ADV Part 2A and Form CRS (for advisory services) and the Insurance Agent Disclosure for Annuities form (for annuity recommendations).
Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. We are not affiliated with or endorsed by any government agency, and do not provide tax or legal advice.