New Social Security COLA for 2024 may leave some retirees short
Latest increase could mean some clients see a net deficit, advisor warns.
The Social Security cost-of-living adjustment will be 3.2% in 2024, down from the massive boost of 8.75% implemented this year.
The increase, which the Social Security Administration announced Thursday morning, is higher than the average of 2.6% seen over the past 20 years. But the decline in the
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