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Tag: Cola

Huge News on October 12: How Will Your Social Security Benefits Change?

Posted on October 5, 2023October 5, 2023 by DT

At the beginning of 2023, Social Security beneficiaries witnessed a substantial 8.7% increase in their benefits. This cost-of-living adjustment (COLA) was the most significant in several years, driven by the intense inflation…

COLA’s Rollercoaster Ride: 2024 Predictions Leave Millions in Suspense

Posted on August 23, 2023August 23, 2023 by Matt

As inflation trends stabilize, predictions indicate that the rise in Social Security benefits in 2024 might not be as significant as the previous year. Current forecasts by the Senior Citizens League, a…

Navigating COLA: Smart Retirement Financial Strategies for Retirees

Posted on May 25, 2023May 25, 2023 by Matt

Discover how to manage COLA in your retirement years effectively. Learn about financial strategies such as income diversification, adjusting spending habits, investing in inflation-protected securities, considering long-term care insurance, and seeking advice from financial advisors.

Retirees Get Ready for a Big Cola

Posted on August 30, 2022November 8, 2022 by DT

For many Americans, high inflation is a serious concern. Consumer prices rose 8.5% in July, marking the 17th consecutive month that inflation exceeded the Federal Reserve’s 2% target. Increasing energy and food costs are affecting grocery stores and gas stations.

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