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Dealing with Sub-Par COLAs
While the official announcement of 2019’s Social Security cost-of-living adjustment grinds toward its official release date, many of the pre-anouncement reports have been giddy about the possibility of a bump inching toward 3%. Not all of these reports have been that positive, as in the case of a post from The Motley Fool’s Maurie Backman. Ms. Backman zeros in on the simple truth that the calculation process for COLAs does not tend to maintain cost-of-living parity for seniors, with the result being continuation of the loss of purchasing power seniors face. Read her article here…