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cost-of-living adjustment

Displaying 7 results

Topic
  • News
  • October 12, 2023

New Social Security COLA for 2024 may leave some retirees short

Latest increase could mean some clients see a net deficit, advisor warns.

Topic
  • News
  • August 10, 2023

Cooling inflation points to 3% Social Security COLA for 2024

While prices for some essentials continue to increase, it's likely that the cost-of-living adjustment will be much lower than 2023's.

Topic

No need to claim Social Security to cash in on COLA

Anyone who's 62 or older in 2023 will benefit from the 8.7% cost-of-living increase to benefits that was recently announced for next year by the Social Security Administration.

Topic

Managing your clients’ expectations around Social Security

Don’t let clients sabotage their retirement plans because of fears about the program’s finances. Advisers can help clients put trust fund solvency woes into perspective.

Topic
  • News
  • October 13, 2021

Social Security announces 5.9% COLA for 2022

The cost-of-living adjustment will result in the largest increase in retirement benefits and taxable wages in 40 years.

Topic

How COLA affects Social Security benefits

Those 62 and older profit from cost-of-living adjustments even if they're not yet collecting benefits.

Topic

Social Security COLA likely to top 6% in 2022

Continued inflationary pressures could result in the largest cost-of-living increase in benefits since 1983.